One of my current students has asked the question...what is "rated tonnage"?
Fairly simple really - Rated tonnage is any market ship that is being circulated with the owners rate idea attached.
Everyday thousands of ships are circulated through the markets giving the salient points.
Where she is open
Very few however come 'Rated'.
Here is an example of a ship being circulated (and rated)
MV Delpiero 23,456 dwt, built 2001, pan flag, 5/5, 4 x 30 tn cranes - open Gibraltar 5-10 December
Wanting trips to the far east and rating same at USD 16,400 per day
Above is an example of a ship that carries a rate from the shipowner. The rate is a generic rate and makes the basis for initial discussions should a charterer be interested in her.
Another instance where we use the words 'rated tonnage' is when a charterer calls for 'rated tonnage only'.
This means that a charterer with an open position does not want brokers and shipowners to send him/her ships without rates attached. They are saying "if you send me a ships description with no rate idea I will ignore the message".
Smart idea - it makes the broker work hard to get the shipowners rate ideas and it also makes the shipowner declare his hand early. This works in a soft market. In strong markets its not so easy.
Follow on question for anyone out there
Why aren't all ships rated? Why is it that shipowners refuse to put rates on ships being circulated in the market?
Be good to see some replies - join in...
(note: when we talk of rated tonnage - in general we are talking about time charter not voyage charter)
- The Virtual Shipbroker
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