PAINT COST COMPARISON

Chugoku Cost of Chugoku Cost of

Paint at DUQM, Chugoku Cost of Paint at DUQM,
OMAN. SGP Paint in China OMAN. SGP
BLASTING 1000 at VB and SGP 1000 at VB 1000 at VB and
PERCENT BT and SGP 500 and BT and SGP SGP 500 at FB
AREA AGE at FB 500 at FB andBT
Topside 2500 50% 13580 11676 13580

Boottop 4000 100% 92000 85216 60480

Vertical side 3000 100% 97300 90116 97300

Flat bottom 5700 100% 86160 79772 86160

Cargo hold 22800 60% 90738 90000 90738

Hatch cover
underside 3500 60% 10700 10600 10700

Thinner and
Marking 13700 11760 13460

404178 379140 372418

Chugoku 30
Discount Jotun 25%

NET $ 282,924.60 $ 265,398.00 $ 260,692.60

OMAN CHINA OMAN

Remarks All marking paints are included in Chugoku quotation but it is not included in Jotun paint specs
Jotun has quoted for total 3 combination of antifouling . (1) Seaqunatum Classic III for FB , VS and BT (2) Seaquant
(3) Seaforce Active - 2 variations of different DFT for VS, FB and VS. First 2 combinations costs are basis 100% blastin
OMPARISON

Jotun Cost of
Chugoku Cost of Jotun Cost of Paint Paint in China Jotun Cost of Owners Owners
Paint in China. at DUQM,OMAN Seaforce Paint at Jotun Cost of Jotun Jotun
SGP 1000 at VB Seaforce Active + Active + DUQM,OMAN Paint in China Seaforce Seaforce
and SGP 500 at Seaquantum Class Seaquantum Seaqunatum Seaqunatum active active
FB andBT ic on VS Class ic on VS Classic Classic Version 1 Version 2
11676 8749.07 8052.32 8749.07 8052.32 9638.78 9638.78

55996 42722.37 41051.61 78826.64 49356.82 24267.31 28614.48

90116 86748.66 91983.78 86748.66 85495.8 26030.99 31702.24

79772 73371.005 59482.17 118041.005 115535.23 34580.92 40775.63

90000 85952.38 79166.67 85952.38 79166.67 72482.9 72482.9

10600 13194.44 12152.78 13194.44 12152.78 11126.76 11126.76

11560 3776.31 3381.12 3946.65 3533.63 6898.48 6991.7

349720 314514.235 295270.45 395458.845 353293.25 185026.14 201332.49

$ 244,804.00 $ 235,885.68 $ 221,452.84 $ 296,594.13 $ 264,969.94 138769.605 150999.368

CHINA OMAN CHINA OMAN CHINA CHINA CHINA

luded in Jotun paint specs

ssic III for FB , VS and BT (2) Seaquantum Classic III on VS and Seaforce Active on FB and BT
mbinations costs are basis 100% blasting of underwater areas. Seaforce active quotation to owners is FB 50%, BT 50%,VS 50% and topside
, BT 50%,VS 50% and topside 40%
 PAINT COST COMPARISON

Chugoku Cost of Chugoku Cost of

Paint at DUQM, Chugoku Cost of Paint at DUQM, Chugoku Cost of Jotun Cost of Paint Jotun Cost of Jotun Cost of Owners Owners
OMAN. SGP Paint in China OMAN. SGP Paint in China. at DUQM,OMAN Paint in China Paint at Jotun Cost of Jotun Jotun
BLASTING 1000 at VB and SGP 1000 at VB 1000 at VB and SGP 1000 at VB Seaforce Active + Seaforce Active DUQM,OMAN Paint in China Seaforce Seaforce
PERCENT BT and SGP 500 and BT and SGP SGP 500 at FB and SGP 500 at Seaquantum Class + Seaquantum Seaqunatum Seaqunatum active active
AREA AGE at FB 500 at FB andBT FB andBT ic on VS Class ic on VS Classic Classic Version 1 Version 2
Topside 2500 50% 13580 11676 13580 11676 8749.07 8052.32 8749.07 8052.32 11013.78 11014.105

Boottop 4000 100% 92000 85216 60480 55996 42722.37 41051.61 78826.64 49356.82 32399.03 36746.71

Vertical side 3000 100% 97300 90116 97300 90116 86748.66 91983.78 86748.66 85495.8 32129.78 37800.94

Flat bottom 5700 100% 86160 79772 86160 79772 73371.005 59482.17 118041.005 115535.23 46168.62 52353.33

Cargo hold 22800 60% 90738 90000 90738 90000 85952.38 79166.67 85952.38 79166.67 72482.9 72482.9

Hatch cover
underside 3500 60% 10700 10600 10700 10600 13194.44 12152.78 13194.44 12152.78 11126.76 11126.76

Thinner and
Marking 13700 11760 13460 11560 3776.31 3381.12 3946.65 3533.63 6898.48 6991.7

404178 379140 372418 349720 314514.235 295270.45 395458.845 353293.25 212219.35 228516.445
Chugoku 30
Discount Jotun 25%

NET $ 282,924.60 $ 265,398.00 $ 260,692.60 $ 244,804.00 $ 235,885.68 $ 221,452.84 $ 296,594.13 $ 264,969.94 159164.513 171387.334
OMAN CHINA OMAN CHINA OMAN CHINA OMAN CHINA CHINA CHINA

Remarks All marking paints are included in Chugoku quotation but it is not included in Jotun paint specs
Jotun has quoted
(3) Seaforce for- total
Active 3 combination
2 variations of antifouling
of different DFT for VS,. (1) Seaqunatum
FB and VS. First 2Classic III for FB costs
combinations , VS and
areBT (2)100%
basis Seaquantum
blasting Classic III on VS areas.
of underwater and Seaforce Active
Seaforce onquotation
active FB and BTto owners is extrapolated to same
blasting areas for comparison purposes