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VLCC
10 sister tankers of one design, built 2008–2012 in China.
$35,146,000
Condition C: Long lay-up or damage: heavy repairs.
| Hull41,000 LDT × $520 scrap price × 1.24 for age and condition | $26,437,000 |
|---|---|
| OFAC licence and lawyers | $600,000 |
| Repairs, condition C41,000 LDT × $120 | $4,920,000 |
| Class renewal survey | $1,200,000 |
| Our margin, 6% | $1,989,000 |
| Total, ready to trade | $35,146,000 |
$35,250,000
Condition B: Idle for a while: steelwork and machinery.
| Hull41,000 LDT × $520 scrap price × 1.36 for age and condition | $28,995,000 |
|---|---|
| OFAC licence and lawyers | $600,000 |
| Repairs, condition B41,000 LDT × $60 | $2,460,000 |
| Class renewal survey | $1,200,000 |
| Our margin, 6% | $1,995,000 |
| Total, ready to trade | $35,250,000 |
$36,154,000
Condition B: Idle for a while: steelwork and machinery.
| Hull41,000 LDT × $520 scrap price × 1.40 for age and condition | $29,848,000 |
|---|---|
| OFAC licence and lawyers | $600,000 |
| Repairs, condition B41,000 LDT × $60 | $2,460,000 |
| Class renewal survey | $1,200,000 |
| Our margin, 6% | $2,046,000 |
| Total, ready to trade | $36,154,000 |
$36,502,000
Condition C: Long lay-up or damage: heavy repairs.
| Hull41,000 LDT × $520 scrap price × 1.30 for age and condition | $27,716,000 |
|---|---|
| OFAC licence and lawyers | $600,000 |
| Repairs, condition C41,000 LDT × $120 | $4,920,000 |
| Class renewal survey | $1,200,000 |
| Our margin, 6% | $2,066,000 |
| Total, ready to trade | $36,502,000 |
$37,510,000
Condition B: Idle for a while: steelwork and machinery.
| Hull41,000 LDT × $520 scrap price × 1.46 for age and condition | $31,127,000 |
|---|---|
| OFAC licence and lawyers | $600,000 |
| Repairs, condition B41,000 LDT × $60 | $2,460,000 |
| Class renewal survey | $1,200,000 |
| Our margin, 6% | $2,123,000 |
| Total, ready to trade | $37,510,000 |
$37,806,000
Condition A: Kept in trim at anchor: light repairs.
| Hull41,000 LDT × $520 scrap price × 1.55 for age and condition | $33,046,000 |
|---|---|
| OFAC licence and lawyers | $600,000 |
| Repairs, condition A41,000 LDT × $20 | $820,000 |
| Class renewal survey | $1,200,000 |
| Our margin, 6% | $2,140,000 |
| Total, ready to trade | $37,806,000 |
$37,858,000
Condition C: Long lay-up or damage: heavy repairs.
| Hull41,000 LDT × $520 scrap price × 1.36 for age and condition | $28,995,000 |
|---|---|
| OFAC licence and lawyers | $600,000 |
| Repairs, condition C41,000 LDT × $120 | $4,920,000 |
| Class renewal survey | $1,200,000 |
| Our margin, 6% | $2,143,000 |
| Total, ready to trade | $37,858,000 |
$38,414,000
Condition B: Idle for a while: steelwork and machinery.
| Hull41,000 LDT × $520 scrap price × 1.50 for age and condition | $31,980,000 |
|---|---|
| OFAC licence and lawyers | $600,000 |
| Repairs, condition B41,000 LDT × $60 | $2,460,000 |
| Class renewal survey | $1,200,000 |
| Our margin, 6% | $2,174,000 |
| Total, ready to trade | $38,414,000 |
$38,710,000
Condition A: Kept in trim at anchor: light repairs.
| Hull41,000 LDT × $520 scrap price × 1.59 for age and condition | $33,899,000 |
|---|---|
| OFAC licence and lawyers | $600,000 |
| Repairs, condition A41,000 LDT × $20 | $820,000 |
| Class renewal survey | $1,200,000 |
| Our margin, 6% | $2,191,000 |
| Total, ready to trade | $38,710,000 |
$41,196,000
Condition A: Kept in trim at anchor: light repairs.
| Hull41,000 LDT × $520 scrap price × 1.70 for age and condition | $36,244,000 |
|---|---|
| OFAC licence and lawyers | $600,000 |
| Repairs, condition A41,000 LDT × $20 | $820,000 |
| Class renewal survey | $1,200,000 |
| Our margin, 6% | $2,332,000 |
| Total, ready to trade | $41,196,000 |
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.