/
How to Enter Different Payment Cycles for a Vessel on Time Charter (TC)?

How to Enter Different Payment Cycles for a Vessel on Time Charter (TC)?

Owned by Erik Fritz Loy
Last updated: Apr 26, 2019 by Bernhard HaftingVersion comment

Question

If a vessel on a time charter (TC) has different payment cycles how is this solved in Dataloy VMS, for example 15 one month and 15.5 days the next month?

Answer

If the payment cycle is not fixed, i.e. changes month per month, the payment cycle must be changed in the contract in advance of each billing.

Related content