For voyage estimates on a voyage charter under FIOST terms, which information cannot be independently ascertained by the owner?

For voyage estimates on a voyage charter under FIOST terms, which information cannot be independently ascertained by the owner?

• A. Voyage origin and destination
• B. Load and Discharge terms
• C. Cargo quantities
• D. Fuel price history

Answer: (B)

When preparing voyage estimates under FIOST terms, the owner can forecast data that comes from the voyage plan or external market information, but the operational details of loading and unloading are not something the owner can determine on its own. Free In and Out (and Stowed and Trimmed) sets who pays for loading and discharge, but the exact terms of how loading and discharging will be carried out—rates, equipment availability, port-specific handling, scheduling, and any special requirements—depend on the charter party and cargo interests. Those operational specifics are negotiated with the charterer and cargo and can vary by port, making them not independently ascertainable by the shipowner. In contrast, voyage origin and destination are defined by the cargo plan and contract, cargo quantities are provided by or aligned with the charter terms, and fuel price history is publicly accessible market data. So the element that cannot be independently determined by the owner is the load and discharge terms.

When preparing voyage estimates under FIOST terms, the owner can forecast data that comes from the voyage plan or external market information, but the operational details of loading and unloading are not something the owner can determine on its own. Free In and Out (and Stowed and Trimmed) sets who pays for loading and discharge, but the exact terms of how loading and discharging will be carried out—rates, equipment availability, port-specific handling, scheduling, and any special requirements—depend on the charter party and cargo interests. Those operational specifics are negotiated with the charterer and cargo and can vary by port, making them not independently ascertainable by the shipowner.

In contrast, voyage origin and destination are defined by the cargo plan and contract, cargo quantities are provided by or aligned with the charter terms, and fuel price history is publicly accessible market data. So the element that cannot be independently determined by the owner is the load and discharge terms.