Answer
1. Capital Cost – are fixed, one time expenses incurred to bring a ship into commercially operable status. These costs include – Construction or Purchase Costs , Financing Costs (interest payments on loans for ship’s acquisition), Initial Registration & licensing fees, Pre Delivery Costs (Such as surveys & inspections before delivery of vessel), Insurance Costs (pre-delivery)
2. Operational Cost – These are recurring expenses necessary to maintain & operate the ship – Manning, Stores & lubricants, repairs & maintenance, Insurance coverage for ships, Administration costs (Shore staff & office related expenses)
3. Voyage Costs – Fuel costs, Port charges, tugs, Pilotage, canal dues.