We have updated our Mobile Voyage Estimator application with a completely new feature that allows you to add optional voyage calculations to an existing voyage estimate. The main goal is to give users the ability to make reverse TCE calculations for better market benchmarking, which will make evaluating various chartering options more efficient. To start using it, tap/click the Optional Voyages button on the voyage details page.
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However, before changing the TCE you should update any of the input parameters for the added optional voyages, otherwise the result would will not change. Let’s change the discharge port for the first optional voyage to Osaka and Fukuoka for the second, to Fukuoka. This will trigger a reverse calculation for both optional voyages using the new discharge ports and the current TCE of $11,490.
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Now, let’s consider that with the current TCE result of $11,490 this voyage would not be profitable enough and you need to negotiate a better freight rate. Based on previous experience you know that if the TCE could be increased to $20,000 it would be good enough to proceed. Let’s update the TCE to get new freight rates for both optional voyages and the base voyage.
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The system will reverse calculate the new freight rate using the new TCE value of $20,000. The new freight rates are $47.235/MT and $46.702, respectively. It’s important to note that you can always go back to the voyage details page and update some a parameter on the base voyage (e.g. broker commission). The system will return a new TCE result for the base voyage and the new TCE result will be used to recalculate all optional voyages to match the new TCE.
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If you now go back to the optional voyages page all optional voyages are updated using our previously set new discharge ports. Please note that your optional voyages will not be currently saved to in the database system and if you refresh the page all optional voyages will be lost.
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