Home > Operations > P&L Calculation Options
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| Option | Description |
|---|---|
| Apply TC Hire to Period | TC Out Hire will not be prorated; instead, TC Out Hire will be calculated based on hire rate and actual voyage days in the period. CVE and commissions will be applied only to the period in which they occur. In Monthly Accruals, TC Commission will be applied to period when set as a percentage of the Hire in the contract. |
| Apply Additional Hire to Period | For Time Charter voyages, 100% of an XHIRE (additional hire) amount is allocated to period based on TCIP (Time Charter In Payment) or TCOB (Time Charter Out Bill) Invoice Date. |
| Apply Off Hire/Waiting to Period | Off Hire will be allocated to the actual period, that is, full deduction of Off Hire in the period when the Off Hire occurred. |
| Apply Ballast Bonus to Period | Ballast Bonus and Ballast Bonus Commission for TCI and TCO will be allocated to the period of voyage commencement. The P&L Period Range will begin before the voyage commences. |
| Apply TC Bunker Adjustment to Period | For Time Charter voyages, 100% of a Bunker Adjustment amount is allocated to period based on operations ETA for delivery (TCO) or redelivery (TCI). For Time Charter Out Voyages, if the TCO Contract is set to Bunkers on Consumption, the Bunker Adjustment will be allocated to the period containing the departure from the Z port. |
| Apply TC Expenses to Period | For TCIP and TCOB INTHC (Intermediate Hold Cleaning), ILOHC (In Lieu of Hold Cleaning), and VOYEX (Voyage Expenses), 100% of the line item amount is allocated to period based on the Invoice Date of the invoice in which it is included. Items included on incremental invoices will still be allocated based on their original invoice's date. |
| Apply Bunker Consumption to Period | Bunker expense will not be prorated, but calculated based on actual consumed amount in the period. |
| Apply Other Revenues/Expenses to Period | For invoice types VEXP (Voyage Other Expense, Lumpsum) and VREV (Voyage Other Revenue, Lumpsum), 100% of the invoice amount, including linked non-freight rebills, is allocated to period based on a specific date, determined by configuration. |
| Apply Port Expenses to Period | 100% of a Port Expense amount, including linked non-freight rebills, is allocated to period based on a specific date, determined by configuration. |
| Apply Demurrage to Period | When this option appears on a form, its effect depends on the values of configuration flags CFGDefaultPnlCalcApplyDemurrage and CFGDefaultPnlCalcAdjustForDemurrageDays; for more information, see Compliance with IFRS 15 & 16 Regulations. |
| Adjust Portion for Off Hire | Off hire time is considered when determining the percentage. For example, if you have a 2-month voyage, and it is off hire for the entire first month, the voyage will be considered 0% complete after the first month and 100% after the second month. If the check box is cleared, the system will consider the voyage 50% complete after the first month and 100% complete after the second month. |
| Adjust Portion for Waiting Time | Waiting Time is considered when determining the percentage. For example, if you have a 2-month voyage, and it is waiting for the entire first month, the voyage will be considered 0% complete after the first month and 100% after the second month. If the check box is cleared, the system will consider the voyage 50% complete after the first month and 100% complete after the second month. |
| Adjust Portion for Ballast Days | Load-to-discharge or delivery-to-redelivery is used as P&L recognition basis when the check box is selected, otherwise the full voyage duration is used as the basis. Voyage revenues and expenses will be allocated within the L/D period (for voyage charters) or Y/Z period (for TC Out voyages). Note that this does not have any impact on revenues/expenses that are applied to period; these will still be allocated to the period in which they were incurred. The change impacts any revenues and expenses that are prorated only. For more information, see Compliance with IFRS 15 & 16 Regulations. |
| Reconcile Bunker ROB for Current Voyages | Accrual includes ROB rows up until the accrual period with new bill codes of the format ROB_FuelType in current voyages. The accrual basis is based on the ROB from the most current Activity Report in the accrual period, rather than based on bunker planning estimation. For consecutive voyages, when no commenced voyage exists for the vessel, the most recently completed voyage is considered current. For non-consecutive voyages, all (except closed voyages) are considered as current. When running the Monthly Accruals for a TCTO with this option selected, only the net ROB (ROB minus the TCO delivery quantity) will be displayed. |
| Exclude Running Costs for Long Term TCI/OV | There will be no accrual for Running Cost on OV vessels and vessels on Long Term TCI contract. |
| Exclude Hire Related Items for Long Term TCO | For long term Time Charter Out contractscontracts (which is something that can only be defined via inter-company mirroring), excludes hire-related items, such as Hire, Off Hire, CVE, Hire Commissions, Off Hire Commissions, and Off Hire CVE, from P&L calculations. |
| Accrue Linked Trades Upon Settlement | Only settled periods of trades linked to the Voyage P&L will be included in Monthly Accruals; exposed periods will be excluded. |
| Apply Internal Freight Revenue to Period | When selected, freight revenue with an internal counterparty on the voyage, excluding demurrage, will be 100% allocated to the period based on the BL Date for the contract. Demurrage will still be allocated according to the Apply Demurrage to Period option. When Adjust Portion for Ballast Days is also selected, its setting will take precedence. |
| Accruals for Closed Voyages | Run accruals for closed voyages. This is meant to be run as a catch-all for any invariances for voyages that may have been wrongly closed prior to financial closure of the voyage. |
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Option | Period-Based Voyage P&L | Monthly Accruals | Voyage Period Journals | Voyage P&L Summary Report |
|---|---|---|---|---|
| Apply TC Hire to Period | ✓ | ✓ | ✓ | ✓ |
| Apply Additional Hire to Period | ✓ | ✓ | ✓ | ✓ |
| Apply Off Hire/Waiting to Period | ✓ | ✓ | ✓ | ✓ |
| Apply Ballast Bonus to Period | ✓ | ✓ | ✓ | ✓ |
| Apply TC Bunker Adjustment to Period | ✓ | ✓ | ✓ | ✓ |
| Apply TC Expenses to Period | ✓ | ✓ | X | ✓ |
| Apply Bunker Consumption to Period | ✓ | ✓ | ✓ | ✓ |
| Apply Other Revenues/Expenses to Period | ✓ | ✓ | X | ✓ |
| Apply Port Expenses to Period | ✓ | ✓ | X | ✓ |
| Apply Demurrage to Period | ✓ | ✓ | X | ✓ |
| Adjust Portion for Off Hire | ✓ | ✓ | ✓ | ✓ |
| Adjust Portion for Waiting Time | ✓ | ✓ | ✓ | ✓ |
| Adjust Portion for Ballast Days | ✓ | ✓ | ✓ | ✓ |
| Reconcile Bunker ROB for Current Voyages | ✓ | ✓ | X | ✓ |
| Exclude Running Costs for Long Term TCI/OV | ✓ | ✓ | ✓ | ✓ |
| Exclude Hire Related Items for Long Term TCO | ✓ | ✓ | X | ✓ |
| Accrue Linked Trades Upon Settlement | ✓ | ✓ | X | ✓ |
| Apply Internal Freight Revenue to Period | ✓ | ✓ | X | ✓ |
| Accruals for Closed Voyages | ✓ | ✓ | X | X |
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