VOYAGE ESTIMATING FORMULAE
VOYAGE EXPENSE = PORT COSTS + COST OF FUEL CONSUMED
VOYAGE TIME = DAYS AT SEA + DAYS IN PORT
TOTAL VOYAGE COSTS = (VOYAGE TIME * DOPC) + VOYAGE EXPENSE
GROSS PROFIT = NET FREIGHT – VOYAGE EXPENSE
NET FREIGHT = FREIGHT AS AGREED – BROKERAGE COMMISSION
GROSS DAILY PROFIT = GROSS PROFIT/VOYAGE TIME
NET DAILY PROFIT = GROSS DAILY PROFIT – DOPC (RUNNING COSTS)
TOTAL VOYAGE PROFIT = NET DAILY * TOTAL VOYAGE TIME
VESSEL: SEA WORLD
SPEED: 25 KNOTS
FUEL CONSUMPTION: 15 tons/ day IFO at sea, 2.5 tons/day MDO at Sea , 3.5 tons/day MDO in port
IFO: $150 per mt MDO: $125 per mt
Daily operation cost (DOPC)/ running cost $10,000 per day
Voyage: Charleston, Houston/ Port of Spain TT
Distance: 4000Nm Cargo: Grains 25,000 tons
Freight rate: $50.00/ tons Brokerage Commission: 3% of freight
Bunkers on board (ROB) 1250 tons IFO and 400 tons MDO
Days in Port: 3 days in Houston / 4 days in Port of Spain
Port Expense: Houston -$20,000.00 Port of Spain – $15,000.00
Using the information above to calculate
A. Total Voyage Expense
B. Net Freight
C. Gross Profit
D. Gross Daily Profit
E. Net Daily Profit
F. Total Voyage Profit
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