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There are different methods and functionalities regarding best practice when entering owner's expenses depending on the type of expense and vessel/voyage scenario. The best practice to be used depends on whether a vessel is emplyed on voyage or time charter and whether it is owned or on time charter. For detailed information when what scenario applies where, please see: Best Practice for Owner's Expenses:
| Vessel Employed on Voyage Charter (VC) | Vessel Employed on Time Charter (TC) |
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Vessel is Owned | - Enter breakdown of DA from agent and other invoices under the Port Cost module.
- Ensure to check the Owners checkbox for any items which are Owners cost.
- The owners items will be deducted from the total port cost for the port call and voyage.
| - Any port calls prior to delivery or after redelivery follow the same procedure as for Voyage Charter (VC).
- Other port calls the charterer might invoice various port charges that are normally owner's expenses.
- Same procedure as for voyage charter but enter the Charterer as Agent.
- Invoiced amount will automatically be deducted from the hire in the Accounts Receivable module.
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Vessel is Time Chartered | - See information under "Vessel is Owned".
- Any items checked as Owners will automatically be deducted from the hire in the Hire Payable module.
| - See information under "Vessel is Owned".
- Any items checked as Owners will automatically be deducted from the hire in the Hire Payable module.
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