Thanks mate. Pro rata freight. Without express or implied agreement, full freight is payable only on delivery of the cargo. If the ship and/or the cargo is lost freight does not become payable. However, a clause in a charterparty may provide for part (or all) of the freight to be prepaid. This is one use of the phrase “prorata freight”. Another use is related to a situation where the ship cannot complete the voyage for same reason. For instance, the ship may suffer a casualty and have to call into a port for repairs. The cargo owner may decide to take over the cargo and carry it on to the destination. The shipowner may claim for pro rata freight for part-performance of the voyage charter.
Thank you for your video and it’s so helpful so that I can understand charter party & laytime calculation. By the way, can I ask you a question about laytime? I wonder if the time delay in following case could be considered as restraint of labor of vessel and the time loss could be counted as not used laytime by Asbatankvoy No.8. 1. The cargo was shipped in comingled condition for 8 consignees and the cargos were discharged at a discharging port. 2. Before calling at the discharging port, master provided master’s declaration stating the number of shore people (such as loading master, cargo surveyor and foreman etc) embark on board for each batch should be limited to 3 people for preventing COVID-19 but charterer arranged 10 surveyors for each batch because of determining exact cgo q’tty and cheking tank rader at CCR etc. 3. Master on behalf of owner rejected the shore people got on board and keep asked only 3 shore people on board so there was delay of 1.5 day.
Laytime is explained nicely. So is commencement of laytime. However give one more example and change the start and deatination place. Give a practical example which physically has occured
Very informative can u please clarify total dummage calculation last page calculation..i guess there is typing error dummerage per day is 10 k usd and total time exceed 38.5 hrs.. pls check and expalin if posble
In the end you multiply 12000 not 10000 which is the real demurrage rate.. Also would be more clear if you explained that we divide 38.5 with 24 so we find the real number in pdpr basis and then multiply with demurrage rate. Overall perfect video and keep going because you do excellent work.. I feel lucky that I found this videos..
Thanks for your suggestion mate, we will add a remark stating as $10000 X 38.5/24 gives you $16402. I am glad you learning, and hats off to your hard work.
Many Tks for great explanation.i have one query. Pls help me on my query. Eg. Laycan start for chemical tanker vessel on 21/09/2021 and end at 27/09/2021 at load port. Vessel tender her NOR on 20th Sept. Vessel berth on 21st Sept 1100 hrs. So time start will 21st Sept 0001 or 0600 hrs Pls advise.
As far as I know, the time start from 0001LT/21st unless existing exceptive clause such as vessel not to tender NOR before laydays. if there's exceptive clause about NOR, laytime shall count from 0600LT/21st
A lot of thanks to you, how generous you are sharing your knowledge to us who are lack of understanding when it comes to ship's Chartering
Thanks cheers
Commencement of laytime is very well told. NOR terms are well told. Laytime calculations are well said.
Thanks for the feedback
Well done Akash
Thanks buddy
Perfectly explained.
Can you please elaborated the pro rata thing.
Thanks
Thanks mate.
Pro rata freight. Without express or implied agreement, full freight is payable only on delivery of the cargo. If the ship and/or the cargo is lost freight does not become payable. However, a clause in a charterparty may provide for part (or all) of the freight to be prepaid. This is one use of the phrase “prorata freight”. Another use is related to a situation where the ship cannot complete the voyage for same reason. For instance, the ship may suffer a casualty and have to call into a port for repairs. The cargo owner may decide to take over the cargo and carry it on to the destination. The shipowner may claim for pro rata freight for part-performance of the voyage charter.
I wanna video frequently at least 2 days once, it's my kind request sir... I like ur teaching
Thanks for your suggestion mate. We will definitely take that into account.
Thank you man. You're doing a great job. Its really hard to find such information in such clear way.
Thanks for your kind words. Happy learning.
Great job Akash
Thanks buddy
Thanks a lot .. It is a very specific material
I am glad it's helping you out. Feel free to check our website on what all additional resources are available at your disposal. www.shipscope.org
Really nice video. Keep it up
Thanks
Excellent bhai
Thanks buddy
Thank you for this grate video..
Just l want to ask about the deference between
Gen con an red sea c/p terms
Feel free to check the below video for your explanation. th-cam.com/video/ZwgIl36LTXQ/w-d-xo.html
well, thanks
Cheers bud
Good Job!
Thank you! Cheers!
Thank you for your video and it’s so helpful so that I can understand charter party & laytime calculation.
By the way, can I ask you a question about laytime?
I wonder if the time delay in following case could be considered as restraint of labor of vessel and the time loss could be counted as not used laytime by Asbatankvoy No.8.
1. The cargo was shipped in comingled condition for 8 consignees and the cargos were discharged at a discharging port.
2. Before calling at the discharging port, master provided master’s declaration stating the number of shore people (such as loading master, cargo surveyor and foreman etc) embark on board for each batch should be limited to 3 people for preventing COVID-19 but charterer arranged 10 surveyors for each batch because of determining exact cgo q’tty and cheking tank rader at CCR etc.
3. Master on behalf of owner rejected the shore people got on board and keep asked only 3 shore people on board so there was delay of 1.5 day.
perfectly,,nice video,,nd good Explain,, keep it up 🇮🇳✨
Thank you so much 😀
Laytime is explained nicely. So is commencement of laytime. However give one more example and change the start and deatination place. Give a practical example which physically has occured
Thanks for your suggestion, we shall definitely keep that in mind.
Great video! Kepp it up!
Thanks, mate cheers.
Very informative can u please clarify total dummage calculation last page calculation..i guess there is typing error dummerage per day is 10 k usd and total time exceed 38.5 hrs.. pls check and expalin if posble
Excellent!!!
Thanks buddy
Hello good video. Can you help me for understanding a term of LNG Contracts based on Laytime? i am handling a Contract so that.
You can connect with our founders on this. www.shipscope.org/?page_id=1456
Excellent.Keep it up
Thanks a ton
Excellent..👍
Thank you! Cheers!
Great.. Keep it up....
Thanks, mate
Thank you Akash
Cheers
In the end you multiply 12000 not 10000 which is the real demurrage rate..
Also would be more clear if you explained that we divide 38.5 with 24 so we find the real number in pdpr basis and then multiply with demurrage rate.
Overall perfect video and keep going because you do excellent work.. I feel lucky that I found this videos..
Thanks for your suggestion mate, we will add a remark stating as $10000 X 38.5/24 gives you $16402. I am glad you learning, and hats off to your hard work.
Be safe these hard times 🤜🤛
@@georgegeo1254 Cheers
Great job!
Thanks!
nice
Thanks
Many Tks for great explanation.i have one query. Pls help me on my query. Eg. Laycan start for chemical tanker vessel on 21/09/2021 and end at 27/09/2021 at load port.
Vessel tender her NOR on 20th Sept.
Vessel berth on 21st Sept 1100 hrs.
So time start will 21st Sept 0001 or 0600 hrs
Pls advise.
As far as I know, the time start from 0001LT/21st unless existing exceptive clause such as vessel not to tender NOR before laydays. if there's exceptive clause about NOR, laytime shall count from 0600LT/21st
I created a statement of fact in a voyage management system
bro i want more topic plss upload it
Hi Hemath, we are preparing for season 2. Cheers