Awards & Assessments – Terms of Reference

Minimum Information Required For Awards And Assessments

Single Voyage Rate Or Demurrage Award

1 Fixing date or charter party date.

2 Loading date(s) or laydays.

3 Vessel size or vessel size range.

4 Cargo size and type (Clean or Dirty).

5 Load and discharge port(s) or load discharge area(s).

6 ny additional information the Client wished the Panel to take into account when deciding the result, i.e. vessel age, laytime, etc.

Time Charter Rate

1 Fixing date or charter party date.

2 Delivery date ie, commencement of charter.

3 Charter period

4 Vessel's dwt.

5 Charter party speed and consumption details.

6 Details of trading area/cargoes, etc.

7 As much information about vessel's characteristics and capabilities as possible, i.e. age, restrictions, etc.

Average single voyage rate assessment

1 Date range (whether week, month, quarterly or yearly)

2 Vessel size or vessel size range.

3 Cargo size and type (Clean or Dirty).d

4 Load and discharge port(s) or load discharge area(s).

5 Any additional information the Client wished the Panel to take into account when deciding the result, i.e. vessel age, laytime, etc.

6 Whether assessment should be based upon fixtures:

a Concluded during the period irrespective of date of loading.

b For loading during the period irrespective of date of fixing.

c Concluded during the period for loading during the period.