Sum of operating-expense categories to get a daily OPEX figure - the break-even baseline for time-charter pricing.
Formula
$$ \text{OPEX}_\text{daily} = \text{Crew} + \text{Stores} + \text{Maint} + \text{Insurance} + \text{Admin} + \text{Drydock} $$
Symbol legend
| Symbol | Meaning | Unit | Source |
|---|---|---|---|
| $Crew$ | Wages, overtime, rotation travel | USD/d | HR budget |
| $Stores$ | Lubes, spares, consumables | USD/d | procurement |
| $Insurance$ | H&M premium × 1/365 + P&I calls | USD/d | broker |
Sources
- Drewry - OpEx Benchmarking Report.
- Moore Stephens - OpCost report.