pre-paid interest and insurance. The government requires that your lender give you a Loan Estimate within three business days of receiving your loan application. The Loan Estimate is only an estimate; some fees can change before closing. Lender fees and the interest rate (if you have locked yo...
Port costs are independent of speed and other costs, such as capital recovery, labour and insurance. Port costs are also time-based and are therefore related to the inverse of speed. The basic cost equation is: TC=PC+PF×V^2+OC/V Where: TC = total voyage costs PC = costs at port ...