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For US waters, the US Code of Federal Regulations require ships and their masters to calculate UKC based on the ship's deepest navigational draft. 33 CFR 157.450 The regulations require the master to discuss the UKC calculation with the maritime pilot as the ship approaches US ports/waters. 33 CFR 157.450
The Baltic Dry Index (BDI) is a shipping freight-cost index issued daily by the London-based Baltic Exchange. The BDI is a composite of the Capesize, Panamax and Supramax timecharter averages. It is reported around the world as a proxy for dry bulk shipping stocks as well as a general shipping market bellwether.
V, the ship's total volume in cubic metres (m 3), and; K, a multiplier based on the ship volume. The value of the multiplier K increases logarithmically with the ship's total volume (in cubic metres) and is applied as an amplification factor in determining the gross tonnage value. K is calculated with a formula which uses the common or base-10 ...
Worldscale is a unified system of establishing payment of freight rate for a given oil tanker's cargo. Worldscale was established in November 1952 by London Tanker Brokers' Panel on the request of British Petroleum and Shell as an average total cost of shipping oil from one port to another by ship.
These marks allow a ship's displacement to be determined to an accuracy of 0.5%. [3] The draft observed at each set of marks is averaged to find a mean draft. The ship's hydrostatic tables show the corresponding volume displaced. [4] To calculate the weight of the displaced water, it is necessary to know its density.
Tonnage is a measure of the capacity of a ship, and is commonly used to assess fees on commercial shipping.The term derives from the taxation paid on tuns or casks of wine. In modern maritime usage, "tonnage" specifically refers to a calculation of the volume or cargo volume of a ship.
A freight rate (historically and in ship chartering simply freight [1]) is a price at which a certain cargo is delivered from one point to another. The price depends on the form of the cargo, the mode of transport (truck, ship, train, aircraft), the weight of the cargo, and the distance to the delivery destination.
Time on a ship's clocks and in a ship's log had to be stated along with a "zone description", which was the number of hours to be added to zone time to obtain GMT, hence zero in the Greenwich time zone, with negative numbers from −1 to −12 for time zones to the east and positive numbers from +1 to +12 to the west (hours, minutes, and ...
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