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Panamax / LR1
7 sister tankers of one design, built 2008–2011 in South Korea.
$11,817,000
Condition C: Long lay-up or damage: heavy repairs.
| Hull13,400 LDT × $520 scrap price × 1.24 for age and condition | $8,640,000 |
|---|---|
| OFAC licence and lawyers | $400,000 |
| Repairs, condition C13,400 LDT × $120 | $1,608,000 |
| Class renewal survey | $500,000 |
| Our margin, 6% | $669,000 |
| Total, ready to trade | $11,817,000 |
$12,147,000
Condition B: Idle for a while: steelwork and machinery.
| Hull13,400 LDT × $520 scrap price × 1.40 for age and condition | $9,755,000 |
|---|---|
| OFAC licence and lawyers | $400,000 |
| Repairs, condition B13,400 LDT × $60 | $804,000 |
| Class renewal survey | $500,000 |
| Our margin, 6% | $688,000 |
| Total, ready to trade | $12,147,000 |
$12,260,000
Condition C: Long lay-up or damage: heavy repairs.
| Hull13,400 LDT × $520 scrap price × 1.30 for age and condition | $9,058,000 |
|---|---|
| OFAC licence and lawyers | $400,000 |
| Repairs, condition C13,400 LDT × $120 | $1,608,000 |
| Class renewal survey | $500,000 |
| Our margin, 6% | $694,000 |
| Total, ready to trade | $12,260,000 |
$12,368,000
Condition B: Idle for a while: steelwork and machinery.
| Hull13,400 LDT × $520 scrap price × 1.43 for age and condition | $9,964,000 |
|---|---|
| OFAC licence and lawyers | $400,000 |
| Repairs, condition B13,400 LDT × $60 | $804,000 |
| Class renewal survey | $500,000 |
| Our margin, 6% | $700,000 |
| Total, ready to trade | $12,368,000 |
$12,368,000
Condition B: Idle for a while: steelwork and machinery.
| Hull13,400 LDT × $520 scrap price × 1.43 for age and condition | $9,964,000 |
|---|---|
| OFAC licence and lawyers | $400,000 |
| Repairs, condition B13,400 LDT × $60 | $804,000 |
| Class renewal survey | $500,000 |
| Our margin, 6% | $700,000 |
| Total, ready to trade | $12,368,000 |
$13,499,000
Condition A: Kept in trim at anchor: light repairs.
| Hull13,400 LDT × $520 scrap price × 1.66 for age and condition | $11,567,000 |
|---|---|
| OFAC licence and lawyers | $400,000 |
| Repairs, condition A13,400 LDT × $20 | $268,000 |
| Class renewal survey | $500,000 |
| Our margin, 6% | $764,000 |
| Total, ready to trade | $13,499,000 |
$13,499,000
Condition A: Kept in trim at anchor: light repairs.
| Hull13,400 LDT × $520 scrap price × 1.66 for age and condition | $11,567,000 |
|---|---|
| OFAC licence and lawyers | $400,000 |
| Repairs, condition A13,400 LDT × $20 | $268,000 |
| Class renewal survey | $500,000 |
| Our margin, 6% | $764,000 |
| Total, ready to trade | $13,499,000 |
Typical figures for tankers of this class; fuel at sea covers the main engine, generators and boilers.
Lightweight is the weight of the empty ship, the figure a breaker pays for, estimated for this design's deadweight.