Bill of Lading and Mate’s Receipt
Bill of Lading and Mate's Receipt The bill of lading (B/L) is issued upon the goods being received for shipment or, traditionally, upon their shipment. It is signed by the representative…
Operations /Daily Running Cost
Operations /Daily Running Cost CREWING COSTS: These include: Officers and crew wages, leave pay etc. Overtime Pension, union, insurance contribution for crew Establishment costs (recruitment, training etc.) Crew travel expenses Sundry,…
Establishing economic viability
Establishing economic viability Expenses In general, it can be stated that there are three different cost involved in budgeting/estimating, as given below Capital costs Voyage costs and Operating or Running…
Cargo Calculations
Cargo Calculations In the voyage estimation process, cargo calculations help one determine revenue that a vessel can earn for a voyage. To determine the amount of cargo that a vessel…
Voyage Calculations
Voyage Calculations When a vessel seeks employment, she may have several different employment options available. In order to select the best option available, one needs to calculate revenue that the…
Detailed knowledge of voyage estimates including cargo calculations
Detailed knowledge of voyage estimates including cargo calculations Estimated travel The purpose of voyage estimation is for two reasons as discussed below. This exercise is to estimate both revenue and…
Interaction
Interaction Finding new business is a critical aspect of any breakbulk carrier’s business. The carrier engages a marketing team to identify all potential customers and their chosen loading ports and…
Effective Communication
Effective Communication Effective communication is paramount for the successful transportation of cargo. Communication is also necessary as per the terms of the contract and the INCOTERMS that apply. The seller…
Customer Interaction
Customer Interaction IntroductionThe cargo and its shipper are the main influences of all activities in a maritime business. It is cargo that keeps ships at sea, pays the wages of…
Port Captains and Pilots
Port Captains and Pilots Port CaptainsA Port Captain is an experienced ex-ship Captain or Chief Officer, who is appointed by the ship operator at various significant seaports. He is the…
The Ocean Carrier, the Captain, and the Crew
The Ocean Carrier, the Captain, and the Crew CarrierOnce cargo has been turned over to the ship, it is the responsibility of the captain and his crew to safely transport…
Cargo Interests
Cargo Interests When the term "cargo interests" is used, it refers to the owners of the cargo. The owners of the cargo are the ultimate customers of the service providers…