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Estimated Position (EP) - use this when you want to find out where you are, after having travelled from a previously known position (fix). It takes account of tide, and leeway due to wind. 

Estimated Position Process handout  

Click here for Estimated Position Worked Example EP example 

A Predicted Estimated Position  is plotted to find where you will travel on a known course, ie will your track clear any danger, or where and when you will intercept a desired position.

Dead Reckoning (DR) - is the simple form of  Estimated Position, without using the tide or leeway.

Leeway is estimated by comparing the centre line of the boat with the wake:

If you need to find distance, time or speed use the 'Distance / Speed / Time' circle:

Cover the required value and the circle gives the equation for that value.

eg Distance = Speed x Time