…
Panamax / LR1
9 sister tankers of one design, built 2004–2009 in South Korea.
$10,743,000
Condition B: Idle for a while: steelwork and machinery.
| Hull13,200 LDT × $520 scrap price × 1.23 for age and condition | $8,443,000 |
|---|---|
| OFAC licence and lawyers | $400,000 |
| Repairs, condition B13,200 LDT × $60 | $792,000 |
| Class renewal survey | $500,000 |
| Our margin, 6% | $608,000 |
| Total, ready to trade | $10,743,000 |
$11,252,000
Condition B: Idle for a while: steelwork and machinery.
| Hull13,200 LDT × $520 scrap price × 1.30 for age and condition | $8,923,000 |
|---|---|
| OFAC licence and lawyers | $400,000 |
| Repairs, condition B13,200 LDT × $60 | $792,000 |
| Class renewal survey | $500,000 |
| Our margin, 6% | $637,000 |
| Total, ready to trade | $11,252,000 |
$11,436,000
Condition C: Long lay-up or damage: heavy repairs.
| Hull13,200 LDT × $520 scrap price × 1.21 for age and condition | $8,305,000 |
|---|---|
| OFAC licence and lawyers | $400,000 |
| Repairs, condition C13,200 LDT × $120 | $1,584,000 |
| Class renewal survey | $500,000 |
| Our margin, 6% | $647,000 |
| Total, ready to trade | $11,436,000 |
$11,711,000
Condition A: Kept in trim at anchor: light repairs.
| Hull13,200 LDT × $520 scrap price × 1.44 for age and condition | $9,884,000 |
|---|---|
| OFAC licence and lawyers | $400,000 |
| Repairs, condition A13,200 LDT × $20 | $264,000 |
| Class renewal survey | $500,000 |
| Our margin, 6% | $663,000 |
| Total, ready to trade | $11,711,000 |
$11,711,000
Condition A: Kept in trim at anchor: light repairs.
| Hull13,200 LDT × $520 scrap price × 1.44 for age and condition | $9,884,000 |
|---|---|
| OFAC licence and lawyers | $400,000 |
| Repairs, condition A13,200 LDT × $20 | $264,000 |
| Class renewal survey | $500,000 |
| Our margin, 6% | $663,000 |
| Total, ready to trade | $11,711,000 |
$11,980,000
Condition B: Idle for a while: steelwork and machinery.
| Hull13,200 LDT × $520 scrap price × 1.40 for age and condition | $9,610,000 |
|---|---|
| OFAC licence and lawyers | $400,000 |
| Repairs, condition B13,200 LDT × $60 | $792,000 |
| Class renewal survey | $500,000 |
| Our margin, 6% | $678,000 |
| Total, ready to trade | $11,980,000 |
$11,980,000
Condition B: Idle for a while: steelwork and machinery.
| Hull13,200 LDT × $520 scrap price × 1.40 for age and condition | $9,610,000 |
|---|---|
| OFAC licence and lawyers | $400,000 |
| Repairs, condition B13,200 LDT × $60 | $792,000 |
| Class renewal survey | $500,000 |
| Our margin, 6% | $678,000 |
| Total, ready to trade | $11,980,000 |
$12,221,000
Condition A: Kept in trim at anchor: light repairs.
| Hull13,200 LDT × $520 scrap price × 1.51 for age and condition | $10,365,000 |
|---|---|
| OFAC licence and lawyers | $400,000 |
| Repairs, condition A13,200 LDT × $20 | $264,000 |
| Class renewal survey | $500,000 |
| Our margin, 6% | $692,000 |
| Total, ready to trade | $12,221,000 |
$12,511,000
Condition A: Kept in trim at anchor: light repairs.
| Hull13,200 LDT × $520 scrap price × 1.55 for age and condition | $10,639,000 |
|---|---|
| OFAC licence and lawyers | $400,000 |
| Repairs, condition A13,200 LDT × $20 | $264,000 |
| Class renewal survey | $500,000 |
| Our margin, 6% | $708,000 |
| Total, ready to trade | $12,511,000 |
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.