AWARDS AND 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. 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

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).
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:


1. Concluded during the period irrespective of date of loading.
2. For loading during the period irrespective of date of fixing.
3. Concluded during the period for loading during the period.