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The Net tonnage calculation is defined in Regulation 4 of Annex 1 of The International Convention on Tonnage Measurement of Ships, 1969. It is based on three main variables: V c, the total volume of the ship's cargo spaces in cubic meters (m³), d, the ship's moulded draft amidships in meters, and; D, the ship's moulded depth amidships in metres
The time charter equivalent (TCE) rate is a standard shipping industry performance measure used primarily to compare period-to-period changes in a shipping company's performance despite changes in the mix of charter types (i.e., spot charters, time charters and bareboat charters) under which the vessels may be employed between the periods.
Net register tonnage (NRT, nrt, n.r.t.) is a ship's cargo volume capacity expressed in "register tons", one of which equals to a volume of 100 cubic feet (2.83 m 3).It is calculated by subtracting non-revenue-earning spaces i.e. spaces not available for carrying cargo, for example engine rooms, fuel tanks and crew quarters, from the ship's gross register tonnage.
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.
George Moorsom ordered the entire fleet of British merchant ships to be measured according to the new System and then divided the total gross tonnage by the total registered tonnage. The result was 98.22 cubic feet (2.781 m 3 ) per gross ton, which was rounded to 100 cu ft (2.8 m 3 ) per ton.
In some cases, a charterer may own cargo and employ a shipbroker to find a ship to deliver the cargo for a certain price, the freight rate. Freight rates may be on a per-ton basis over a certain route (e.g. for iron ore between Brazil and China), in Worldscale points (in case of oil tankers). Alternatively may be expressed in terms of a total ...
The total cost of this purchase is $1,000 (50 shares x $20). This becomes your cost basis. A few years later, you decide to sell all 50 shares when the price has risen to $30 per share.
Gross register tonnage (GRT, grt, g.r.t., gt), or gross registered tonnage, is a ship's total internal volume expressed in "register tons", each of which is equal to 100 cubic feet (2.83 m 3). Replaced by Gross Tonnage (GT), gross register tonnage uses the total permanently enclosed capacity of the vessel as its basis for volume.