CHARTERING AND BROKERAGE EXAMS TEST PAPER
2026 QUESTIONS AND ANSWERS SURE A+
✔✔Dry bulk carriers classification: Handymax - ✔✔35K - 45K
✔✔Dry bulk carriers classification: Handy - ✔✔20K - 35K
✔✔WLTHC - ✔✔Waterline to top of hatch coaming
✔✔Draft survey - ✔✔before start of loading, gauge all tanks and draft marks to estimate
displacement. At end, gauge each tank and draft to find final displacement. The
difference is the "Cargo Tonnage" on the Bill of Lading
✔✔CPP/DPP - ✔✔Clean petroleum product / Dirty petroleum product
✔✔Lay days - ✔✔load window
✔✔Voyage estimate: - ✔✔o $ Cost for Voyage / Mountain Tons = Voyage Estimate
($/MT=VE)
✔✔Displacement - ✔✔Amount of tons at water at summer salt water
✔✔Light ship - ✔✔Just the metal of the ship
✔✔Dead weight / Deadweight all told - ✔✔DWT / DWAT
✔✔ABCs - ✔✔Anything but cargo
✔✔Deadweight cargo capacity - ✔✔DWCC
Amount that can be loaded by weight
✔✔TPI - ✔✔Tons per 1 inch immersion
✔✔Grain cubic - ✔✔All available space for cargo
✔✔Bale cubic - ✔✔all available space minus the space where cargo cannot be stored
✔✔Stow factor: Grain - ✔✔60cuFt/LT
✔✔Stow factor: Iron ore - ✔✔10-12cuFt/LT
✔✔FIO - ✔✔Free in/out
, ✔✔IACS - ✔✔International association of classification societies
✔✔MOLOO - ✔✔More or less owners option
✔✔Limits of carrying capacity - ✔✔weight
volume
order
✔✔Short ton - ✔✔2000lb
✔✔Long ton - ✔✔2240lb
✔✔Metric ton - ✔✔2204.6lb
✔✔measurement ton - ✔✔(Lenth x Width x height) / 40
✔✔Full & down - ✔✔all cargo spaced filled and at the appropriate plimsoll mark.
Maximized the volume of the ship and the weight carrying capacity.
✔✔3 Functions of the bill of lading - ✔✔-Receipt of cargo
-May be evidence to cargo
-Contains contract of carriage for tramp
✔✔"Stright bill of lading" - ✔✔Cites specific entity for pickup of cargo
✔✔"to order bill of lading" - ✔✔Anyone can pick up cargo
✔✔Ex Works - ✔✔seller packages and puts it on their loading bay, buyer works from
there
✔✔FOB - ✔✔Free on board
buyer takes over once aboard
✔✔FAS - ✔✔Free along side
✔✔CIF - ✔✔seller covers cost, insurance, and freight
✔✔Mates receipt - ✔✔-Record of cargo on/off + location + damages
-Done by checkers
✔✔ Liner Shipping - ✔✔-Common carrier principles
-Set Schedule
_little/no negotiation
-open to anyone
2026 QUESTIONS AND ANSWERS SURE A+
✔✔Dry bulk carriers classification: Handymax - ✔✔35K - 45K
✔✔Dry bulk carriers classification: Handy - ✔✔20K - 35K
✔✔WLTHC - ✔✔Waterline to top of hatch coaming
✔✔Draft survey - ✔✔before start of loading, gauge all tanks and draft marks to estimate
displacement. At end, gauge each tank and draft to find final displacement. The
difference is the "Cargo Tonnage" on the Bill of Lading
✔✔CPP/DPP - ✔✔Clean petroleum product / Dirty petroleum product
✔✔Lay days - ✔✔load window
✔✔Voyage estimate: - ✔✔o $ Cost for Voyage / Mountain Tons = Voyage Estimate
($/MT=VE)
✔✔Displacement - ✔✔Amount of tons at water at summer salt water
✔✔Light ship - ✔✔Just the metal of the ship
✔✔Dead weight / Deadweight all told - ✔✔DWT / DWAT
✔✔ABCs - ✔✔Anything but cargo
✔✔Deadweight cargo capacity - ✔✔DWCC
Amount that can be loaded by weight
✔✔TPI - ✔✔Tons per 1 inch immersion
✔✔Grain cubic - ✔✔All available space for cargo
✔✔Bale cubic - ✔✔all available space minus the space where cargo cannot be stored
✔✔Stow factor: Grain - ✔✔60cuFt/LT
✔✔Stow factor: Iron ore - ✔✔10-12cuFt/LT
✔✔FIO - ✔✔Free in/out
, ✔✔IACS - ✔✔International association of classification societies
✔✔MOLOO - ✔✔More or less owners option
✔✔Limits of carrying capacity - ✔✔weight
volume
order
✔✔Short ton - ✔✔2000lb
✔✔Long ton - ✔✔2240lb
✔✔Metric ton - ✔✔2204.6lb
✔✔measurement ton - ✔✔(Lenth x Width x height) / 40
✔✔Full & down - ✔✔all cargo spaced filled and at the appropriate plimsoll mark.
Maximized the volume of the ship and the weight carrying capacity.
✔✔3 Functions of the bill of lading - ✔✔-Receipt of cargo
-May be evidence to cargo
-Contains contract of carriage for tramp
✔✔"Stright bill of lading" - ✔✔Cites specific entity for pickup of cargo
✔✔"to order bill of lading" - ✔✔Anyone can pick up cargo
✔✔Ex Works - ✔✔seller packages and puts it on their loading bay, buyer works from
there
✔✔FOB - ✔✔Free on board
buyer takes over once aboard
✔✔FAS - ✔✔Free along side
✔✔CIF - ✔✔seller covers cost, insurance, and freight
✔✔Mates receipt - ✔✔-Record of cargo on/off + location + damages
-Done by checkers
✔✔ Liner Shipping - ✔✔-Common carrier principles
-Set Schedule
_little/no negotiation
-open to anyone
