…
VLCC
11 sister tankers of one design, built 2003–2008 in South Korea.
$33,665,000
Condition B: Idle for a while: steelwork and machinery.
| Hull43,800 LDT × $520 scrap price × 1.20 for age and condition | $27,331,000 |
|---|---|
| OFAC licence and lawyers | $600,000 |
| Repairs, condition B43,800 LDT × $60 | $2,628,000 |
| Class renewal survey | $1,200,000 |
| Our margin, 6% | $1,906,000 |
| Total, ready to trade | $33,665,000 |
$34,389,000
Condition B: Idle for a while: steelwork and machinery.
| Hull43,800 LDT × $520 scrap price × 1.23 for age and condition | $28,014,000 |
|---|---|
| OFAC licence and lawyers | $600,000 |
| Repairs, condition B43,800 LDT × $60 | $2,628,000 |
| Class renewal survey | $1,200,000 |
| Our margin, 6% | $1,947,000 |
| Total, ready to trade | $34,389,000 |
$34,519,000
Condition C: Long lay-up or damage: heavy repairs.
| Hull43,800 LDT × $520 scrap price × 1.12 for age and condition | $25,509,000 |
|---|---|
| OFAC licence and lawyers | $600,000 |
| Repairs, condition C43,800 LDT × $120 | $5,256,000 |
| Class renewal survey | $1,200,000 |
| Our margin, 6% | $1,954,000 |
| Total, ready to trade | $34,519,000 |
$35,114,000
Condition B: Idle for a while: steelwork and machinery.
| Hull43,800 LDT × $520 scrap price × 1.26 for age and condition | $28,698,000 |
|---|---|
| OFAC licence and lawyers | $600,000 |
| Repairs, condition B43,800 LDT × $60 | $2,628,000 |
| Class renewal survey | $1,200,000 |
| Our margin, 6% | $1,988,000 |
| Total, ready to trade | $35,114,000 |
$36,079,000
Condition B: Idle for a while: steelwork and machinery.
| Hull43,800 LDT × $520 scrap price × 1.30 for age and condition | $29,609,000 |
|---|---|
| OFAC licence and lawyers | $600,000 |
| Repairs, condition B43,800 LDT × $60 | $2,628,000 |
| Class renewal survey | $1,200,000 |
| Our margin, 6% | $2,042,000 |
| Total, ready to trade | $36,079,000 |
$36,803,000
Condition B: Idle for a while: steelwork and machinery.
| Hull43,800 LDT × $520 scrap price × 1.33 for age and condition | $30,292,000 |
|---|---|
| OFAC licence and lawyers | $600,000 |
| Repairs, condition B43,800 LDT × $60 | $2,628,000 |
| Class renewal survey | $1,200,000 |
| Our margin, 6% | $2,083,000 |
| Total, ready to trade | $36,803,000 |
$37,416,000
Condition C: Long lay-up or damage: heavy repairs.
| Hull43,800 LDT × $520 scrap price × 1.24 for age and condition | $28,242,000 |
|---|---|
| OFAC licence and lawyers | $600,000 |
| Repairs, condition C43,800 LDT × $120 | $5,256,000 |
| Class renewal survey | $1,200,000 |
| Our margin, 6% | $2,118,000 |
| Total, ready to trade | $37,416,000 |
$37,527,000
Condition B: Idle for a while: steelwork and machinery.
| Hull43,800 LDT × $520 scrap price × 1.36 for age and condition | $30,975,000 |
|---|---|
| OFAC licence and lawyers | $600,000 |
| Repairs, condition B43,800 LDT × $60 | $2,628,000 |
| Class renewal survey | $1,200,000 |
| Our margin, 6% | $2,124,000 |
| Total, ready to trade | $37,527,000 |
$37,527,000
Condition B: Idle for a while: steelwork and machinery.
| Hull43,800 LDT × $520 scrap price × 1.36 for age and condition | $30,975,000 |
|---|---|
| OFAC licence and lawyers | $600,000 |
| Repairs, condition B43,800 LDT × $60 | $2,628,000 |
| Class renewal survey | $1,200,000 |
| Our margin, 6% | $2,124,000 |
| Total, ready to trade | $37,527,000 |
$39,292,000
Condition A: Kept in trim at anchor: light repairs.
| Hull43,800 LDT × $520 scrap price × 1.51 for age and condition | $34,392,000 |
|---|---|
| OFAC licence and lawyers | $600,000 |
| Repairs, condition A43,800 LDT × $20 | $876,000 |
| Class renewal survey | $1,200,000 |
| Our margin, 6% | $2,224,000 |
| Total, ready to trade | $39,292,000 |
$39,292,000
Condition A: Kept in trim at anchor: light repairs.
| Hull43,800 LDT × $520 scrap price × 1.51 for age and condition | $34,392,000 |
|---|---|
| OFAC licence and lawyers | $600,000 |
| Repairs, condition A43,800 LDT × $20 | $876,000 |
| Class renewal survey | $1,200,000 |
| Our margin, 6% | $2,224,000 |
| Total, ready to trade | $39,292,000 |
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.