1) Due to the existing ship Meratus Java will not be allowed to enter Cebu port wef 01/11/15 onwards as a result of her excessive LOA 205.6M.
Considering Cebu berth leangth LOA must less than 190M., we have to offhire Meratus Java and deploying Lobivia in RMN svc which having her length LOA 188.10M.
for a smooth berth arrangement at Cebu.
2) With incremental operating cost of 11K/wk and higher unit cost ($15/teu) basing on 1500teus @ 14 tons while her actual effective capacity can take up to 1,640teus @ 14tons.
If we can make use of additional capacity 140teus, our unit cost will be similar to the existing ship (Meratus Java).
3) According to Joint Service Agreement with ACL, we have to maintain Cebu call in RMN svc to avoid deal breaker with ACL.
Hence, we have no choice but to charter in Lobivia as a replacement of Meratus Java.