TTM05240 - The 75% Limit on Charters-in: How to calculate
Example 3: All ships operated for whole accounting period
A company operates the following ships during year ended 31/12/2003:
|
Ship |
Control |
No. of days |
Net tonnage |
|
Tanker 1 |
Time chartered |
365 |
30,000 |
|
Tanker 2 |
Time chartered |
365 |
20,000 |
|
Bulk carrier |
Finance leased |
365 |
10,000 |
|
Gas tanker |
Bareboat chartered |
365 |
15,000 |
|
Product tanker 1 |
Time chartered |
365 |
5,000 |
|
Product tanker 2 |
Owned |
365 |
5,000 |
|
Total tonnage |
|
|
85,000 |
The vessels neither owned nor bareboat chartered are
|
Ship |
Control |
No. of days |
Net tonnage |
|
Tanker 1 |
Time chartered |
365 |
30,000 |
|
Tanker 2 |
Time chartered |
365 |
20,000 |
|
Product tanker 1 |
Time chartered |
365 |
5,000 |
|
Chartered-in tonnage |
|
|
55.000 |
So the percentage is simply 55,000/85,000 x 100 = 64.7% (below the 75% limit).
References
|
How to calculate 75% limit |
