TTM05240 - The 75% limit on charters-in: How to calculate

Example 3: All ships operated for whole accounting period

A company operates the following ships during year ended 31/12/2003:

Ship	Control	No. of days	Net tonnage
Tanker 1	Time chartered	365	30000
Tanker 2	Time chartered	365	20000
Bulk carrier	Finance leased	365	10000
Gas tanker	Bareboat chartered	365	15000
Product tanker 1	Time chartered	365	5000
Product tanker 2	Owned	365	5000
Total tonnage	-	-	85,000

The vessels neither owned nor bareboat chartered are

Ship	Control	No. of days	Net tonnage
Tanker 1	Time chartered	365	30000
Tanker 2	Time chartered	365	20000
Product tanker 1	Time chartered	365	5000
Chartered-in tonnage	-	-	55.000

So the percentage is simply 55,000/85,000 x 100 = 64.7 (below the 75% limit).

References

Reference	Link
How to calculate 75% limit	TTM05200