Freight costs calculationCHINCHILLA CAZORLA, FRANCISCO JOSÉ

Ship’s Data: DWT: --------------------- 54,000 MT DWCC: ------------------- 49,500 MT MAX DWCC: ------------ 59,500 MT CARGO OFFER: ---- 13,850.00 MT SPEED: ------------------------ 15 KnGROSS TONS: ------------ 35.000 MTL.O.A.: ------------------------- 183 MBREATH: ------------------------ 32 M

DRAFT(MA X): -------------- 13,2 MIRON ORE (SF): ----------- 0,866 CuM/MT AOP: 96% = ---------------- 350.4 days

SHIP’S NAME: M/V BLACKY MARÚ

Panama Canal: $ 2 x GRT (Loaded)

$ 1,5 x GRT

(Ballast)

Agency Fees: NOLA ------ $ 24,000

Callao ----- $ 23,000

Total = $ 47,000

Loading OP: $ 1.5 x MT

Unloading OP: $ 2.0 x MT

Bunker: IFOMDO

NOLA $ 950 $ 1,250 Balboa $ 1,200 $ 1,300 Callao $ 1,000 $ 1,220

Market Offer:FIOST -------

32$/MT LILO --------- 30$/MT

LIFO --------- 28$/MT

FILO ----- 27,75$/MT

Distances: NOLA to Balboa ------ 1,500 nm Balboa to Callao ------ 1,250 nm

Canal Pass through = 1.5 days

COSTS & FEES INFORMATION

DAILY RUNNING COST

• D(r)R:• INS -------------------- 10,000$• P&I --------------------- 6,000$• TECH EXP. ------------- 5,000$• BUDGET ------------- 10,000$• OFFICE --------------- 20,000$• L.O./FW --------------- 5,000$• CREW ---------------- 60,000$• SPARE PARTS ------- 12,000$• SUPPLIES ------------ 15,000$• Σ 143,000$

DRC CALCULATION:

;

Load Lay Time: 7 days Unload Lay Time: 8.5 days

Total Voyage Time (TVT): 33.75 days

VOYAGE TIME CALCULATION

Bunker Consumption

• IFO: 25 MT/day MDO: 5 MT/day

IFO MDONOLA-CALLAO 18,26days x 25MT/day 33.75days x 5MT/day

TOTAL 456,5MT 168,8MT

Bunkering at NOLA

IFO = 456.5 MT x $ 950/MT = $ 433.68MDO = 168.8 MT x $ 1,250/MT = $ 211,000.00

TOTAL= $ 649,675.68

PANAMA CANAL FEES: $ 2.0 x GRT (LOADED) = $ 70,000

$ 1.5 x GRT (BALLAST) = $ 52,500

TOTAL CANAL FEES = $ 122,500

OPERATIONAL COSTS

LAY TIME LOADING = $90,000

LAY TIME UNLOADING = $99,000

EVEN FREIGHT (E.F.)

EVEN FREIGHT = DRC x TVT

E.F. = $ x 33.75 days

TOTAL = $ 399,047.51

FIOST FREIGHT• EVEN FREIGHT: $399,047.51

BUNKERING: $649,675.68• AGENCY FEES: $47,000.00• PANAMA FEES: $122,500.00• FIOST FREIGHT: $ 1,218,223.19

• BROKER FEES: FIOST FREIGHT x 1 % = $ 1,218,223.19 x 0.01 = $ 12,182.23 (EACH ONE x 2 BROKERS)• P&I CLUB PAYMENTS: FIOST FREIGHT x 16 % = $ 1,218,223.19 x 0.16 = $ 194,915.71

LILO FREIGHT• FIOST FREIGHT: $ 1,218,223.19

LOADING OPERATIONS: $ 90,000.00• UNLOADING OPERATIONS: $ 99,000.00• LILO FREIGHT: $ 1,407,223.19

• BROKER FEES: LILO FREIGHT x 1 % = $ 1,407,223.19 x 0.01 = $ 14,072.23 (EACH ONE x 2 BROKERS)• P&I CLUB PAYMENTS: LILO FREIGHT x 16 % = $ 1,407,223.19 x 0.16 = $ 225,155.71

LIFO FREIGHT• FIOST FREIGHT: $ 1,218,223.19

LOADING OPERATIONS: $ 90,000.00• LIFO FREIGHT: $ 1,308,223.19

• BROKER FEES: LIFO FREIGHT x 1 % = $ 1,308,223.19 x 0.01 = $ 13,082.23 (EACH ONE x 2 BROKERS)• P&I CLUB PAYMENTS: LIFO FREIGHT x 16 % = $ 1,308,223.19 x 0.16 = $ 209,315.71

FILO FREIGHT• FIOST FREIGHT: $ 1,218,223.19

UNLOADING OPERATIONS: $ 99,000.00• LIFO FREIGHT: $ 1,317,223.19

• BROKER FEES: FILO FREIGHT x 1 % = $ 1,317,223.19 x 0.01 = $ 13,172.23 (EACH ONE x 2 BROKERS)• P&I CLUB PAYMENTS: FILO FREIGHT x 16 % = $ 1,317,223.19 x 0.16 = $ 210,755.71

BEST OFFER TABLE

EVEN FREIGHT MARKET OFFERS BEST OFFERS SAVE

FIOST $ 24.61/MT $ 32/MT $ 7.39/MT

LILO $ 28.43/MT $ 30/MT $ 1.57/MT

LIFO $ 26.43/MT $ 28/MT $ 1.57/MT

FILO $ 26.01/MT $ 27,75/MT $ 1.74/MT