Maritime Economics (MRTE) MEMO/GRADE11/TEST1/MAR2023

GRADE: 11

MARITIME ECONOMICS (MRTE)

MARCH 2023

MEMO
MARKS : 100
TIME : 1 Hour

INSTRUCTIONS

1. This MEMO consists of 2 pages including cover page

2. Markers must mark strictly according to this memo, except where indicated by ‘any
other plausible answer’.
3. Markers are encouraged to do the question paper, and forward any memo
discrepancies to the examiner.
4. Where calculations are involved, learners must show calculations. In the absence of
calculations steps, maximum mark a learner can get is 2 (two).

1
Maritime Economics (MRTE) MEMO/GRADE11/TEST1/MAR2023

QUESTION 1

1.
1.1 Buffalo River (2)
1.2 Estuary (2)
1.3 Cars, Containers, grain, ANY TWO (4)
1.4 Drydock, fresh water, bunkers, repairs, fishing, ANY FOUR (4)
1.5 180 000 cars/year ÷ 52 week/year = 3461 cars/week (accept 3462) (4)
1.6 Durban and Gqeberha (Port Elizabeth) (4)
1.7 A 202m containership MSC Nilgun with a draught of 9 metres is under pilotage
coming into East London port on a given at 14:00.
1.7.1 Multi-purpose terminal (2)
1.7.2 Second Officer/Second Mate (2)
1.7.3 Master (2)
1.7.4 9m – 2m = 7 metres (2)
1.7.5 No shoreside cranes (2)
1.7.6 Car parts (2)

QUESTION 2

2.1
2.1.1 Bulker, Length, beam, draught, geared, deadweight, ANY FOUR (8)

2.2
2.2.1 17d + 2d + 5d +1d = 25 days (6)
2.2.2 Voyage charter (2)
2.2.3 25d x $15000 = $375 000 (6)
2.2.4 (2 x $7000) + (6 x $6000) + $13000 = $63 000 (6)
2.2.5 (17d x 23t/d x $389) + (25d x 3t/d x $480/t) = $188 099 (6)
2.2.6 $375000 + $36000 + $188099 + $610000 = $1 209 099 (6)
2.2.7 $1 209 099 ÷ 24000 tons = $42,88/t (6)
2.2.8 Load new cargo on clean holds, prevent contamination and damage, any
other plausible answer. (4)
2.2.9 Laytime (2)
2.2.10 More (2)
2.2.11 Demurrage (2)
2.2.12 Charterer (2)
2.2.13 Shipowner (2)
2.2.14 Notice of readiness (2)

2.3 06:23 Friday 24 February. (6)