Owner's Chartering desk work on various cargo scenarios to get

Various Cargo enquiries is received to the

the optimum freight.
Chartering Desk of Owners

Vessel is fixed by Chartering team at best freight available in the market considering the vessel opening in the route
where the freight market is northwards and where the cargo is easily available.

Broker act as intermediary between Owners ( Vessel ) & Charterers ( Cargo Owners ) for negotiation and agreement on
Main Terms. Sometimes Owner & Charterers work directly without broker.

As soon the Vessel is fixed, a RECAP ( Main Terms agreed between Owners & Charterers ) is circulated and vessel is
considered clean fix with Charter Party date of date of agreement .

RECAP is complemented with Base CP Form ( A standardized set of detailed obligations, duties between Owners and
Charterers. Charter Party is detailed legal binding contract prepared basis the RECAP (Agreed Main Terms) which covers the
details of obligations, rights and liabilities of the owner and charterer for performing the voyage.

As soon the vessel is clean fixed, Owners will start sending the ETA Notice / Itinerary of the Vessel to Charterers as per CP /
Recap on daily basis via Broker / directly.

Charterers will send the Voyage Instructions to the Owners which mentions the cargo quantities ( cargo breakup if more than
one parcel is to be loaded, load port details (if load port is not yet confirm, the intention load port details to be provided),
stowage factor of cargo, if multiple cargo loaded, then cargo plan is also provided.

On arrival of vessel, Master of the Vessel tenders NOR ( Notice of Readiness ) to Charterers / Appointed Agents / Shippers as by
Email / Fax as per the CP.

Appointed agent will commence the Port Formalities in order to make sure that NOR is valid. Formalities are Custom clearance ,
Free Pratique Clearance and any particular formality of the Port which is necessary to be cleared prior to the commencement of
Loading.

If there is any delay form shippers / charterers side for vessel getting berth or delay in stocking of cargo, Master of the Vessel
will submit the LOP ( Letter of Protest ) to the Charterers / Shippers mentioning the delay and make sure the delay is reported in
the SOF also.

Agent will start maintaining the daily track of events happening for the vessel stays in the Port, this is called SOF (Statement of
Facts) which also mentions if there is any delay during any activity like delay in getting berth / custom clearance or if there is
any weather delay. This is important to calculate the demurrage / despatch.

Initial draft survey is carried out, after which loading is commenced by ship cranes / shore cranes. SOF is prepared on daily
mentioning each hourly activity / delays if any and reason of delays by which party Owners / Charterers / Stevedores.

Both the Charterers & Owners can issue LOP ( Letter of Protest ) , mentioning the delay or if there is any damage to the vessel or
port infrastructure with the details and party responsible for the delay / damage.

On completion of loading a final draft survey is carried out to find out the quantity of cargo loaded on to the vessel. Vessel
departs from load port. If CP say part cargo is to be loaded from other port, same process is repeated, as the Vessel arrives to
second port and tenders NOR. Master of the vessel issues three set of B/L. It serves as a proof of ownership (title) of the cargo,
and may be issued either in a negotiable or non-negotiable form. In negotiable form, it is commonly used in letter of credit
transactions, and may be bought, sold, or traded; or used as security for borrowing money. A bill of lading is required in all claims
for compensation for any damage, delay, or loss; and for the resolution of disputes regarding ownership of the cargo. The rights,
responsibilities, and liabilities of the carrier and the shipper under a bill of lading) are governed general by Hague rule.

On departure of load port, Master of the vessel keeps On completion loading, Freight is paid to the Owners as per CP,
sending ETA notices at Discharge port to the Cargo completion documents is send to Charterers and
Charterers. Vessel arrives at discharge port and the Demurrage claim / Despatch at Load Port is prepared as per CP
process is repeated of that of load port by Owners / Charterers.

On completion of discharge, voyage is completed, if more than one discharge port is considered, voyage is completed on
completion of discharge at second port. Agent send the discharge port documents to Charterers / Owners for demurrage /
despatch calculations.