Zei Lesson 2 Shipping Costs - Center for Science and Environmental Outreach

• Insurance Cost o ( 1.5 * DWT + 0.003 * Value of ship ) • Freight earned o Tons of cargo * freight rate per ton • Total Cost of running a ship o ( DRC * Total time ) + Bunker requirements + Cargo handling costs + Other port costs + Canal costs + insurance • Ships daily profit ................
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