Voyage Charter

Short Description

A voyage charter (or Voyage Charter Party) can be defined as the hire contract for a vessel for one or a specified number of voyages to carry specified cargo/es at stipulated freight rates (or lumpsum) on agreed terms and conditions between designated load and discharge ports, port ranges or regions.

The Voyage estimator enables an unlimited number of voyage charter calculations (or estimates) as to calculate and analyse potential profitability of voyages (compared to the cost of a vessel) without turning a calculation into an actual voyage. Several separate calculations for the same voyage can be performed, and maybe one selected for fixture. A voyage calculation can also be created based on an already entered Contract of Affreightment (COA). It is also possible to calculate for relets of cargoes.

Each calculation (or estimate) is identified by a unique number and can be shared, copied and if needed, retrieved at a later date. Each calculation can, however, only be edited by the user who initiated them. The estimates are auto-saved and several can be open in different tabs simultaneously at any one time.

The Voyage Charter interface is a single calculations screen divided into five main sections: the main calculation field, a port rotation panel and a cargo list displaying all port calls and cargoes of an estimated voyage respectively, a various revenue/cost panel for all cost/revenue items related to either the cargo/es or voyage and a cargo port list (displays all cargoes load and discharge ports per cargo). There are additional features and functions to further improve accuracy and effectiveness, for example sensitivity analysis, deviation and round voyage calculations, scheduling, running reports, etc.

All estimates can be frozen and transferred to the Bookings & Operations module for execution, thereby becoming Actual Voyages (or fixtures). Once frozen, Dataloy VMS automatically generates a voyage number, a schedule and a live copy of a calculation enabling future tracking, scheduling and post voyage analysis (i.e. the running of both a Preliminary and an Adjusted report of the voyage).

Long Description

* = Chapter

Top
Back

Related Content