3. Chartering History
OCC Oil Cos Oil Cos Oil Cos
2
Chartering Import/Export
2002 2002 - 2005 2005 - 2007 2007
Transchart
&
SCI
Transchart
IOC/
Transchart
Oil Cos
4. Chartering Types
Time Charter
Voyage Charter
Bareboat Charter
Contract of Affreightment
5. Chartering Process
CRUDE INPUTS TO REFINERIES AS PER THEIR PROCESSING CAPABILITIES
INDIGENOUS CRUDE
AVAILABILITY
AS PER CRUDE BASKET TERM
REQUIREMENT FINALISED
BALANCE SPOT REQUIREMENTS
FINALISED 45-60 DAYS IN ADVANCE
MONTHLY ALLOCATION WITH
TERM SUPPLIERS
REFINERY PROPOSES LAYDAYS FOR RECEIPT BASED
ON OPTIMISATION PLAN & REFINERY REQUIREMENTS.
LAY DAYS PROPOSED TO TERM & SPOT SUPPLIERS
SUPPLIERS CONFIRM / REJECT LAY DAYS
6. Chartering Process
RECEIPT OF CONFIRMED LAYDAYS FROM SUPPLIERS
TIME CHARTER TONNAGE
FINALISED
COA TONNAGE FIXED
BALANCE THRU’
VOYAGE CHARTER
FLOATING ENQUIRY FOR TIME CHARTER / VOYAGE CHARTER / COA.
ENQUIRY IS FLOATED TO INDIAN OWNERS / BROKERS WITH CC TO DG (SHIPPING) / INSA
INDIAN VESSEL
OWNERS
BROKERS INDIAN NATIONAL
SHIPOWNERS ASSOCIATION
DG (SHIPPING)
RECEIPT OF OFFERS / EVALUATION /
NEGOTIATION / ROR TO INDIAN FLAG VESSELS
VESSEL ACCEPTED ON SUBJECTS TILL
LOADPORT / DISPORT / MANAGEMENT APPROVALS
APPROVALS FROM
DG (SHIPPING) / INSA
FINALISATION OF FIXTURE / SIGNING OF CHARTER PARTY
7. Chartering Market Reports
London Tanker Monthly Average
Brokers Panel: Freight Rate Assessment
Baltic Exchange: Daily Freight Rate for
specified routes
Brokers Reports: Daily Fixtures for Time & Spot
Charters