Voyage Performance Report

Monday, June 06, 2011

PREPARED BY

APPLIED WEATHER TECHNOLOGY

PRESENTED TO

EMIRATES TRADING AGENCY

VESSEL NAME

MELBOURNE MAJESTY
DEPARTURE PORT AND DATE

MAGDALLA Oct 21 2010

ARRIVAL PORT AND DATE

MINA SAQR Nov 13 2010

REFERENCE NUMBER

110531168

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Voyage Map
MELBOURNE MAJESTY EMIRATES TRADING AGENCY Reference 110531168 Ballast & Laden Voyages

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Performance Evaluation
MELBOURNE MAJESTY EMIRATES TRADING AGENCY From MAGDALLA ( 21N 72.6E ) To MUNDRA ( 22.72N 69.7E ) Reference 110531168 Ballast Voyage ATD Oct 21 2010 1930Z ATA Oct 23 2010 0018Z

Voyage Summary
Total Distance Sailed Total Time En Route Average Speed 385 NM 28.80 hours 13.37 knots

Good Weather Analysis

Good Weather Distance Good Weather Time En Route Good Weather Average Speed Good Weather Current Factor Performance Speed 385 NM 28.80 hours 13.37 knots -0.07 knots 13.44 knots

Time Analysis
CP Speed About 13.25 knots Allowed Time En Route 29.21 hours Time (loss)/gain* 0.41 hours Allowed CP speed = CP - 0.5 knots for time loss and CP speed for time gain calculations Allowed Time En Route: If Time Loss: Total Time En Route - Time Loss If Time Gain: Total Time En Route + Time Gain * Time (loss)/gain = Total Distance / Performance Speed - Total Distance / Allowed CP speed

Bunker Analysis
(Unit:MT) IFO Daily CP Allowance 28.000 Actual Bunker Consumption 34.280 Allowed Bunker Consumption * 34.078 Fuel (over)/under consumed (0.202) * Allowed Bunker Consumption: If Time Loss: Daily CP Allowance x (Time En route - Time Loss if any) / 24 If Time Gain: Daily CP Allowance x (Time En route + Time Gain if any) / 24 If No Time Gain or Loss: Daily CP Allowance x (Time En route) / 24 Daily CP Allowance applies 0% for overconsumption (Unit:MT) From - To MAGDALLA-MUNDRA TOTAL * This is the ballast leg. Departure IFO MDO 1022.560 42.780 MDO 3.500 4.480 4.260 (0.220)

Arrival IFO MDO 988.280 38.300

Consumed IFO MDO 34.280 4.480 34.280 4.480

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Performance Evaluation
MELBOURNE MAJESTY EMIRATES TRADING AGENCY From MUNDRA ( 22.72N 69.7E ) To MINA SAQR ( 25.99N 56.04E ) Reference 110531168 Laden Voyage ATD Nov 04 2010 0412Z ATA Nov 13 2010 0730Z

Voyage Summary
Total Distance Sailed Total Time En Route Average Speed 1514.8 NM 121.30 hours 12.49 knots

Good Weather Analysis

Good Weather Distance Good Weather Time En Route Good Weather Average Speed Good Weather Current Factor Performance Speed 1514.8 NM 121.30 hours 12.49 knots 0.07 knots 12.42 knots

Time Analysis
CP Speed About 12.75 knots Allowed Time En Route 121.30 hours Time (loss)/gain* No Time Gain or Loss Allowed CP speed = CP - 0.5 knots for time loss and CP speed for time gain calculations Allowed Time En Route: If Time Loss: Total Time En Route - Time Loss If Time Gain: Total Time En Route + Time Gain * Time (loss)/gain = Total Distance / Performance Speed - Total Distance / Allowed CP speed

Bunker Analysis
(Unit:MT) IFO Daily CP Allowance 29.000 Actual Bunker Consumption 145.000 Allowed Bunker Consumption * 146.571 Fuel (over)/under consumed 1.571 * Allowed Bunker Consumption: If Time Loss: Daily CP Allowance x (Time En route - Time Loss if any) / 24 If Time Gain: Daily CP Allowance x (Time En route + Time Gain if any) / 24 If No Time Gain or Loss: Daily CP Allowance x (Time En route) / 24 Daily CP Allowance applies 0% for overconsumption (Unit:MT) From - To MUNDRA-DAMMAM DAMMAM-MINA SAQR TOTAL * This is the laden leg. Departure IFO MDO 985.210 64.140 869.640 194.030 Arrival IFO MDO 872.320 50.790 837.530 190.020 MDO 3.500 17.360 17.690 0.330

Consumed IFO MDO 112.890 13.350 32.110 4.010 145.000 17.360

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Performance Evaluation Explanation

Time Analysis Total Distance Time Loss/Gain = Performance Speed Time Loss: Time Gain: No time loss and no time gain: Allowed Charter Party (CP) Speed * Total Distance

Performance Speed < CP speed - 0.5 Performance Speed > CP speed (CP speed - 0.5) Performance Speed CP speed

* For calculating time loss, 0.5 knots is subtracted from the actual CP speed. For calculating time gain, the CP speed itself is used. Fuel Analysis The actual bunker consumption is compared with the Charter Party (CP) allowed consumption where the allowed time of the voyage is adjusted to compensate for any time gain or time loss. Allowed Time for Allowed Consumption: If time loss: If time gain: If no time gain and loss: Total Time En Route - time loss at (CP speed - 0.5) Total Time En Route + time gain at CP speed Total Time En Route

Fuel over-consumption is indicated if the actual consumption exceeds what would have been achieved at the stated consumption allowance, based on the Total Time En Route, with above adjustments for any time gain or loss. Upward allowance in relation to over-consumption, for any 'about' in the wording of the Charter Party, is as instructed by AWT's client. Fuel under-consumption is indicated if the actual consumption is less than what would have been achieved had the vessel met her stated Charter Party speed requirement. AWT believes that the above methodology used in this speed and consumption analysis report is in an objective format in accordance with legal precedent, and is considered an objective way to calculate a speed and consumption analysis.

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Voyage Summary
MELBOURNE MAJESTY EMIRATES TRADING AGENCY From MAGDALLA ( 21N 72.6E ) To MINA SAQR ( 25.99N 56.04E ) Reference 110531168 Ballast & Laden Voyages ATD Oct 21 2010 1930Z ATA Nov 13 2010 0730Z
AWT ANALYZED CONDITIONS POSITION WIND WAVE SWELL CURRENT TIME DATE UTC LAT LON DIR BF M DIR M REL.DIR KTS BR 21-Oct 1930 Dep:MAGDALLA RP 22-Oct 0630 20.5N 70.6E NW 3 0.4 SSW 0.4 HD 0.2 AP 23-Oct 0018 Arr:MUNDRA W 3 0.6 WNW 0.6 BM 0.1 DP 04-Nov 0412 Dep:MUNDRA RP 04-Nov 0630 22.6N 69.3E ENE 2 0.2 SSW 0.2 FL 0.2 RP 05-Nov 0730 23.6N 64.2E WNW 2 0.2 SSW 0.3 BW 0.3 RP 06-Nov 0830 25.2N 58.6E NE 4 0.8 N 0.0 QF 0.3 RP 07-Nov 0900 26.4N 53.9E E 4 0.9 NNE 0.2 FL 0.7 AP 08-Nov 0200 Arr:DAMMAM NE 4 0.5 E 0.5 QF 0.1 DP 12-Nov 0400 Dep:DAMMAM RP 12-Nov 0900 27.0N 51.4E NW 5 1.2 N 0.0 BW 0.1 ER 13-Nov 0730 Arr:MINA SAQR NNE 3 0.2 WNW 0.1 BW 0.3 Positions:BR-Begin Route ER-End Route AP-Arrive Middle Port DP-Depart Middle Port SV-Stop Voyage RV-Resume Voyage RP-Reported Position CP-Calculated Position Directions:HD-Head BW-Bow BM-Beam QF-QFollow FL-Follow Yellow highlighted intervals are analyzed as good weather. Good weather intervals are considered those intervals during which over one-half of the weather encountered meets the good weather criteria. REPORTED WEATHER DIR W BF 3

INTERVAL NM 147.9 237.1 29.6 312.3 317.5 293.9 216.1 64.3 281.1 KTS 13.45 13.32 12.87 12.49 12.70 12.00 12.71 12.86 12.49

W W ENE ENE

3 3 4 4

NNW

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Good Weather Voyage Summary

MELBOURNE MAJESTY EMIRATES TRADING AGENCY From MAGDALLA ( 21N 72.6E ) To MINA SAQR ( 25.99N 56.04E ) Reference 110531168 Ballast & Laden Voyages ATD Oct 21 2010 1930Z ATA Nov 13 2010 0730Z
AWT ANALYZED CONDITIONS DATE RP AP RP RP RP RP AP RP ER 22-Oct 23-Oct 04-Nov 05-Nov 06-Nov 07-Nov 08-Nov 12-Nov 13-Nov POSITION TIME UTC LAT LON 0630 20.5N 70.6E 0018 Arr:MUNDRA 0630 22.6N 69.3E 0730 23.6N 64.2E 0830 25.2N 58.6E 0900 26.4N 53.9E 0200 Arr:DAMMAM 0900 27.0N 51.4E 0730 Arr:MINA SAQR WIND DIR BF NW 3 W 3 ENE 2 WNW 2 NE 4 E 4 NE 4 NW 5 NNE 3 WAVE M 0.4 0.6 0.2 0.2 0.8 0.9 0.5 1.2 0.2 SWELL DIR M SSW 0.4 WNW 0.6 SSW 0.2 SSW 0.3 N 0.0 NNE 0.2 E 0.5 N 0.0 WNW 0.1 CURRENT REL.DIR KTS HD 0.2 BM 0.1 FL 0.2 BW 0.3 QF 0.3 FL 0.7 QF 0.1 BW 0.1 BW 0.3 REPORTED WEATHER DIR W W W ENE ENE NNW BF 3

INTERVAL KTS 13.45 13.32 12.87 12.49 12.70 12.00 12.71 12.86 12.49 12.66

NM 147.9 237.1 3 29.6 3 312.3 4 317.5 4 293.9 216.1 4 64.3 281.1 TOTAL 1899.8

Positions:BR-Begin Route ER-End Route AP-Arrive Middle Port DP-Depart Middle Port SV-Stop Voyage RV-Resume Voyage RP-Reported Position CP-Calculated Position Directions:HD-Head BW-Bow BM-Beam QF-QFollow FL-Follow Good weather intervals are considered those intervals during which over one-half of the weather encountered meets the good weather criteria.

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Engine Summary
MELBOURNE MAJESTY EMIRATES TRADING AGENCY From MAGDALLA ( 21N 72.6E ) To MINA SAQR ( 25.99N 56.04E ) Reference 110531168 Ballast & Laden Voyages ATD Oct 21 2010 1930Z ATA Nov 13 2010 0730Z

AVG.DAILY ANALYZED WEATHER RELATIVE TO SHIP INTERVAL CONS.(mt) POSITION WIND WAVE SWELL CURRENT TIME DATE UTC LAT LON RPM IFO MDO IFO MDO DIR BF M DIR M DIR KTS NM KTS BR 21-Oct 1930 Dep:MAGDALLA 1022.56 42.78 RP 22-Oct 0630 20.5N 70.6E 82.25 1008.63 40.90 30.39 4.10 HD 3 0.4 BM 0.4 HD 0.2 147.9 13.45 AP 23-Oct 0018 Arr:MUNDRA 988.28 38.30 27.44 3.51 QF 3 0.6 QF 0.6 BM 0.1 237.1 13.32 DP 04-Nov 0412 Dep:MUNDRA 985.21 64.14 RP 04-Nov 0630 22.6N 69.3E 82.47 982.34 63.82 29.95 3.34 QF 2 0.2 BM 0.2 FL 0.2 29.6 12.87 RP 05-Nov 0730 23.6N 64.2E 82.47 952.24 60.22 28.90 3.46 BW 2 0.2 BM 0.3 BW 0.3 312.3 12.49 RP 06-Nov 0830 25.2N 58.6E 81.76 922.09 56.62 28.94 3.46 QF 4 0.8 BM 0.0 QF 0.3 317.5 12.70 RP 07-Nov 0900 26.4N 53.9E 81.08 892.64 53.13 28.85 3.42 FL 4 0.9 BM 0.2 FL 0.7 293.9 12.00 AP 08-Nov 0200 Arr:DAMMAM 872.32 50.79 28.69 3.30 QF 4 0.5 BM 0.5 QF 0.1 216.1 12.71 DP 12-Nov 0400 Dep:DAMMAM 869.64 194.03 RP 12-Nov 0900 27.0N 51.4E 81.76 863.78 193.30 28.13 3.50 QF 5 1.2 BM 0.0 BW 0.1 64.3 12.86 ER 13-Nov 0730 Arr:MINA SAQR 837.53 190.02 28.00 3.50 BM 3 0.2 FL 0.1 BW 0.3 281.1 12.49 Positions:BR-Begin Route ER-End Route AP-Arrive Middle Port DP-Depart Middle Port SV-Stop Voyage RV-Resume Voyage RP-Reported Position CP-Calculated Position Directions:HD-Head BW-Bow BM-Beam QF-QFollow FL-Follow Yellow highlighted intervals are analyzed as good weather. Good weather intervals are considered those intervals during which over one-half of the weather encountered meets the good weather criteria.

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Weather Evaluation
MELBOURNE MAJESTY EMIRATES TRADING AGENCY From MAGDALLA ( 21N 72.6E ) To MINA SAQR ( 25.99N 56.04E ) Reference 110531168 Ballast & Laden Voyages ATD Oct 21 2010 1930Z ATA Nov 13 2010 0730Z

Wind
Dir BF <=2 3 4 5 6 >=7 Overall Voyage Head Hours 12.6 15.8 7.9 Bow Hours 6.4 15.6 9.4 Beam Hours 6.2 3.0 Q-follow Hours 11.4 6.8 26.2 8.6 Follow Hours 0.7 8.5 11.0 0.2 Total Hours 31.1 52.8 57.5 8.8

150.1

Swell
Dir Meter <=1.5 1.6-2 2.1-3 3.1-4 >=4.1 Overall Voyage Head Hours 15.4 Bow Hours 23.5 Beam Hours 81.1 Q-follow Hours 15.6 Follow Hours 14.5 Total Hours 150.1

150.1