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• Display ROB Exposure Based on Future Scheduling (when Include TC Bunker ROB Exposure is selected): When a future voyage scheduled for a vessel is a TCTO:

  • The net of the preceding voyage’s ROBs and the delivery bunkers for the TCO will be reflected in exposure.

  • Redelivery bunkers will be in exposure if the TCTO is the last scheduled voyage.

  • If there is a voyage scheduled after the TCTO voyage, then the redelivery bunkers will not be in exposure as they are considered covered by the next voyage.

  Any voyages scheduled after the TCTO voyage will operate the same way, in that the bunker exposure will reflect the last ROBs from the final scheduled voyage and the redelivery bunkers for the TC In.

• Show Cargo/VC In Weighted Days as Voyage Days: When selected:

  • For cargo contracts that utilize the Benchmark Estimate exposure method and are scheduled onto a voyage, the Weighted Days column will reflect the voyage days from the associated voyage instead of the Weighted Days.

  • When there are multiple contracts scheduled on one voyage, the Weighted Days column for each contract will display the Total Voyage Days / Number of Cargoes on the voyage. For example, if there are 3 cargoes on a 21 day voyage each cargo will show 7 days in the Weighted Days field.

  • Start date reflects the Commencement Date of the voyage instead of the Cargo Laycan.

• Apply Contract Correlation to Weighted Days: Select to apply weighted days, adjusted for the correlation value, to a P&L calculation.

• Show Only Confirmed Paper Trades: Select to hide any paper trade with a Pending status from the Trade Details List and Trading P&L Summary.

• TCI Redelivery Adj Days (appears when Adjust TC Redelivery On Market Condition is selected): Number of days to be used in the following logic as X.

  • For TCI Contracts:

    • If the TCI Min/Max is OTM (Option Status is Out of The Money), exclude the TCI Min/Max and the Options. The total Exposure time is until the Min redelivery + X.

    • If the TCI Min/Max is ITM (Option Status is In The Money), but the Options are OTM, exclude the Options. The total Exposure time is until the Max redelivery + About Days - X.

    • If the TCI Min/Max and the Options are ITM, include both. The total Exposure time is until the last option's redelivery + About Days - X.

  • For TCO Contracts:

    • If the TCO Min/Max is ITM, exclude the TCO Min/Max and the Options. The total Exposure time is until the Min redelivery.

    • If the TCO Min/Max is OTM, but the Options are ITM, exclude the Options. The total Exposure time is until the Max redelivery + About Days.

    • If the TCO Min/Max and the Options are OTM, include both. The total Exposure time is until the last option's redelivery + About Days.

• Include TC Bunker ROB Exposure: Select to have the TC in ROB calculation account for TCTO voyage ballast legs until TC out has been delivered. 

  • When a TCTO voyage has a ballast leg before delivery to the TCO Charterer, the bunker tons in exposure will show the net amount calculated onboard the vessel at the time of delivery (ROB) and the delivery quantity from the TC Out Contract. When bunkers are pre-purchased for the Charterer prior to delivery of the vessel to them, the ROB calculation will account for this and include these bunkers as part of the delivery quantity. 

Trading Profile List

All Trading Profiles appear on the Trading Profile List. In the Trading module center , next to Trading Profile, click List.

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