AWARDS AND ASSESSMENTS - TERMS OF REFERENCE
Minimum Information Required For Awards And Assessments
Single Voyage Rate Or Demurrage Award
- Fixing date or charter party date.
- Loading date(s) or laydays.
- Vessel size or vessel size range.
- Cargo size and type (Clean or Dirty).
- Load and discharge port(s) or load discharge area(s).
- Any additional information the Client wished the Panel to take into account when deciding the result, i.e. vessel age, laytime, etc.
Time Charter Rate
- Fixing date or charter party date.
- Delivery date ie, commencement of charter.
- Charter period
- Vessel's dwt.
- Charter party speed and consumption details.
- Details of trading area/cargoes, etc.
- As much information about vessel's characteristics and capabilities as possible, i.e. age, restrictions, etc.
Average single voyage rate assessment
- Date range (whether week, month, quarterly or yearly)
- Vessel size or vessel size range.
- Cargo size and type (Clean or Dirty).
- Load and discharge port(s) or load discharge area(s).
- Any additional information the Client wished the Panel to take into account when deciding the result, i.e. vessel age, laytime, etc.
- Whether assessment should be based upon fixtures:
- Concluded during the period irrespective of date of loading.
- For loading during the period irrespective of date of fixing.
- Concluded during the period for loading during the period.