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February 2023: New IMOS v7.11.24123
Improved Unavailable Days Logic on TC Contract for exposure calculations
Requires schema version 396 or higher.
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November 2022: New IMOS v7.11.24119
Associate an FFA/Paper Trade contract with a specific vessel
Requires configuration flag CFGAddVesselNameToPaperTrade
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June 2022: New IMOS v7.11.24097
Multiple demurrage and despatch rates now supported for FOB cargoes
Requires configuration flag CFGMultiDemRate.
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October 2021: New in IMOS v7.11.22128
New Parameters Added to Voyage P&L Summary Data Set in Report Designer
The parameters "Period Range Gmt" and field "Portion %" have been added to Voyage P&L Summary data table, so that you can report on a pro-rated voyage P&L for a specific date range.
New Dropdown Option to Avoid Winter Load Line Zones
VIP and Veslink Distances maps now have a new dropdown to enable avoiding winter load line zones.
New Reversal Reason Tag Added to Invoice Notification XML
A new tag called "reversalReason" has been added to the invoice notification XML. It shows the Reversal Reason entered by user when reversing a posted invoice.
Voyage Object Added to Invoice Details Default Rules Engine
CFGEnableInvoiceDefaultRules must be enabled
The Invoice Details Default Rules setup in Financials has been extended to include Port, Voyage, Voyage Itinerary and Voyage Cargo Handling joins so you can set defaulting rules using those joins for the Financials' invoice detail lines linked to a specific voyage and/or port.
New Configuration Flag Adds Nomination Date Value
CFGNominationDateOnFixtureAndVoyage must be enabled
When enabled, a new Nomination Date value is added to the Voyage Fixture and the Voyage Manager objects. When the vessel is nominated to a cargo, the nomination date must be populated manually. This date can be separate from the Fixture Date, the Voyage Commencement Date, or CP Date on the cargo. When the nomination date is populated on the Fixture, it will carry down to the Voyage Manager on scheduling. If the nomination is updated on the Voyage it will update the Fixture.
Additionally, a new Module Right was added, which enables you to edit the nomination date on Voyage Fixture and Voyage Manager: Operations-> Actions-> Edit Nomination Date
New Force Calc Parameter Added to Voyage P&L Summary Data Set in Report Designer
A "Force Calc" parameter has been added to Voyage P&L Summary data table in Report Designer. You can use it when you need to calculate Voyage P&L numbers from scratch instead of from a current stored P&L snapshot.
September 2021: New in IMOS v7.11.21639
New Configuration Flag Enables Exchange Rate Date Column in TC In Payment and TC Out Bill Details Grid
CFGInvDetailExchangeRate and CFGAddExchDatetoTCIPandTCOBForms must be enabled
When CFGAddExchDatetoTCIPandTCOBForms is enabled, a new Exchange Rate Date column will be added to the Time Charter In Payment and Time Charter Out Bill details grid, allowing you to capture a unique exchange rate date for each line item and apply a different exchange rate to each line item. The Exchange Rate Date will flow down to the Transaction Data Entry form on posting to the matching details line item.
New Configuration Flag Allocates TCO Hire Bills to Voyage Period Journals
Configuration flag CFGEnableTCOPeriodJournal must be enabled
When CFGEnableTCOPeriodJournal is enabled, TCO Hire Bills that are posted during a given period will be allocated down to the voyages in the period through journal entries generated during the Voyage Period Journal process. This will better account for a TC Out contract that has multiple voyages in a period and remove the allocation to the first voyage of the full posted amount.
When this flag is enabled, CFGDefVoyNoToTcoBill should be set to N. This functionality is not compatible with the Model B workflow.
New Configuration Flag For Manually Locking Vessel Valuations
Configuration flag CFGManuallyLockVesselValuations must be enabled
When CFGManuallyLockVesselValuations is enabled, you can manually lock your saved vessel valuations to prevent further editing. A new security permission is required to do this. A secondary permission is also available to provide a subset of admins with the ability to unlock a Valuation ID. Now, when saving the Vessel Valuation, the results will be stored in the database in addition to the input parameters. This will require a schema update to latest.
View Projected Claim and Claim Commission Invoices in the Financials Console
A new list called "Create Claim Invoices" has been added to the Financials console. It shows all projected claim and claim commission invoices, which you can then create from the “Create Claim Invoices” list.
New Columns Added to Create TC Invoices List and TC Projected Invoice Table
The following columns have been added to the TC Invoices List and corresponding Time Charter Projected Invoice table in the Report Designer: Original Inv No, Original Ops Inv Trans No, Original Inv Curr Amount, Original Inv Status, Primary Broker, Primary Broker Rate, Secondary Broker Rates and Chartering Specialist.
They show relevant data for projected Time Charter hire and commission invoices.
August 2021: New in IMOS v7.11.21214
New Parameters Added to Voyage P&L Summary Data Set in Report Designer
The parameters "Period Range Gmt" and field "Portion %" have been added to Voyage P&L Summary data table, so that you can report on a pro-rated voyage P&L for a specific date range.
New Dropdown Option to Avoid Winter Load Line Zones
VIP and Veslink Distances maps now have a new dropdown to enable avoiding winter load line zones.
New Reversal Reason Tag Added to Invoice Notification XML
A new tag called "reversalReason" has been added to the invoice notification XML. It shows the Reversal Reason entered by user when reversing a posted invoice.
Voyage Object Added to Invoice Details Default Rules Engine
CFGEnableInvoiceDefaultRules must be enabled
The Invoice Details Default Rules setup in Financials has been extended to include Port, Voyage, Voyage Itinerary and Voyage Cargo Handling joins so you can set defaulting rules using those joins for the Financials' invoice detail lines linked to a specific voyage and/or port.
New Configuration Flag Adds Nomination Date Value
CFGNominationDateOnFixtureAndVoyage must be enabled
When enabled, a new Nomination Date value is added to the Voyage Fixture and the Voyage Manager objects. When the vessel is nominated to a cargo, the nomination date must be populated manually. This date can be separate from the Fixture Date, the Voyage Commencement Date, or CP Date on the cargo. When the nomination date is populated on the Fixture, it will carry down to the Voyage Manager on scheduling. If the nomination is updated on the Voyage it will update the Fixture.
Additionally, a new Module Right was added, which enables you to edit the nomination date on Voyage Fixture and Voyage Manager: Operations-> Actions-> Edit Nomination Date
New Force Calc Parameter Added to Voyage P&L Summary Data Set in Report Designer
A "Force Calc" parameter has been added to Voyage P&L Summary data table in Report Designer. You can use it when you need to calculate Voyage P&L numbers from scratch instead of from a current stored P&L snapshot.
August 2021: New in IMOS v7.11.21214
Remittance Banks Added to Bareboat Manager Screen
Remittance Bank information can now be specified on Bareboat Contracts.
Cargo Quantity Column Added to Additional Emissions Data
This feature requires IMOS database schema version 33.6 or higher
A Cargo Qty column has been added to the Voyage Manager's Additional Emissions Data form, allowing you to record carried cargo quantities not otherwise recorded in the voyage itinerary. Values entered in the new column will contribute to the total cargo quantity displayed in the Sustainability side panel.
Cargo ID Column Added to the Freight Calculation Grid in Freight Invoice
A Cargo ID column has been added to the Freight Calculation Grid in the Freight Invoice form that pulls in the ID of the cargo that matches the line item. If there is more than one cargo that matches the line item, then the column will be left blank for that row.
New Configuration Flag Displays Load Quantity in the Voyage Estimator Column View
CFGShowLoadQuantityInEstColumn must be enabled
When CFGShowLoadQuantityInEstColumn is enabled, the estimate column view will display the total load quantity. The existing field "Quantity/Unit" has been renamed to "CP Quantity/Unit".
Freight Type "S" Now Available for COA Contracts
Shuttle Tanker is now available as a Pricing and Advanced Pricing option for COAs and their liftings.
Physical Bunkers Added to Linked Trade Grids on Contracts - Multiple Fuel Types
CFGLinkBunkerPurchase and CFGLinkBunkerPurchaseTradesByFuelType must be enabled
The functionality of CFGLinkBunkerPurchase has been expanded to include bunker purchases that are for multiple fuel types. When this flag is enabled and CFGLinkBunkerPurchaseTradesByFuelType is also enabled, user will be able to select fuel type to be linked and see a fuel type as well as the trade ID in the linked trades grid when the trade type being linked is Bunker Purchase.
July 2021: New in IMOS v7.11.20750
Attachments Toolbar Button Added to Claims Invoice Form
An attachments toolbar button has been added to the Claim Invoice form. Its functionality is the same as all other operations' invoice types in IMOS (such as Freight, Other Revenue/Expenses etc.).
Approval Date and Approval Comments Added to Invoice Interface XML
Approval Date and Approval Comments tags have been added to the export invoice XML.
Saving Mirrored Voyages Will Generate an XML for Both
Saving mirrored voyages will generate an XML for that voyage and for the destination voyage.
Advanced Pricing Functionality Available with COA Planning Periods
CFGEnableCOAPlanningPeriod must be enabled
When CFGEnableCOAPlanningPeriod is enabled, Advanced Pricing functionality is displayed under the Cargo COA pricing tab.
New Ability to Create Intercompany TCO from TCO Estimate
CFGEnableContractMirroring must be enabled
Previously, the mirroring workflow could not be initiated from a TCO Estimate. Now, if the CFGEnableContractMirroring flag is enabled, when you fix a TCO Estimate with two internal companies, the intercompany checkbox will be automatically checked and mirrored contracts will be created.
June 2021: New in IMOS v7.11.20299
New “Valuation ID” Field Added to Time Charter Contract
CFGEnableVesselValuation must be enabled and you must have either the Trade Hub or Trading & Risk module license
A new field has been added to the Time Charter contract called "Valuation ID". It allows for linking a saved Vessel Valuation to a Time Charter contract.
New Columns in Time Charter Invoice List
The following columns have been added to the to the Create Time Charter (TC) Invoice: LOB, Vessel Code, Vessel Name, Vessel Fleet, and Ops Coordinator.
Bareboat Payments Now Included on Time Charter Invoice List
The Time Charter Invoice List now includes bareboat payments.
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Department Field Now Supported
The Department field is now supported on all forms and list filters for TC Payments, TC Billing, Bareboat Payments, and Equipment Payments.
COA Planning Periods Dropdowns Now Sorted in Descending Order
Previously, the dropdowns for selecting COA Planning Periods were sorted in ascending order. They are now sorted in descending order.
Additional Payment Terms
Additional basis options have been added to Payment Terms setup in Data Center.
They can now be used when calculating Due Date in Freight, TC Payment, TC Commission and Claim Invoice programs as well as in the TDE when posting those invoices.
May 2021: New in IMOS v7.11.19799
Lumpsum Broker Commission Type Now Available in VIP
The lumpsum broker commission type is now available in both Time Charter contract and TCO Estimates in VIP.
April 2021: New in IMOS v7.11.19334
AdvancePayment Field Added to APR Form and APR Form XML
This feature requires updating imosmsg to the latest version and updating standard Veslink forms with the Update Forms button (in Veslink Classic > Forms & Vessels > Forms).
The tag APRAdvancePayment has been added to the xml for "Veson Offline Port Disbursement". You can now submit Advance Payments when the status is "APR" by adding a value to APRAdvancePayment, which translates to "APR Advance Payment" in the form. This field will only display in the form UI if there is a value assigned to it. When there's no value for APRAdvancePayment, the Amount Advanced is equal to the APR Total.
Actual Date Field Now Displayed on Port Disbursement Form
Requires updating the standard Veslink forms
The "Actual Date" field is now visible when opening a Veslink Port Disbursement form with an actual date value entered from submitting via the API.
New Load/Discharge Rates Table in Laytime Calculation Form
Configuration flag CFGEnableLDRateTable must be enabled
A new table named Load/Discharge Rates has been added as a right-click option on each Itinerary Line in the Laytime Calculation form. This table is enabled with the flag CFGEnableLDRateTable and calculates the Allowed Laytime and the average L/D Rate for each Itinerary line given a collection of quantity portions and individual L/D Rates.
March 2021: New in IMOS v7.11.18930
New Configuration Flag Allows for Rate Tables in the Data Center
Requires schema version 319
CFGEnableExtraFrtRateScaleTable must be enabled
When enabled, this configuration flag allows you to set up Scale Table type Rate Tables in the Data Center. You can then use these Rate Tables in the Advanced Pricing structure of Cargo/VC In COA and Cargo/VC In contracts under Extra Freight Terms. Additionally, Scale Table-based freight rates would then be included in both Voyage P&L calculations and related Freight Invoices.
New Configuration Flag Automatically Creates Commissions Invoice when TC Hire Invoice is Generated
CFGAutoGenerateTCComms must be enabled
When enabled, TC Commission invoices will automatically be created when the corresponding TC Hire invoice has been posted.
Laytime Calculator Form Improvements
A few improvements have been made to the standard Laytime Calculator form:
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New Configuration Flag Allows for Exposure Handling for Index-Linked Contracts When Using Market Value
CFGApplyMarketValueConcept, "Short Position for Cargo on an index-linked TCI" and "Keep TCTO in exposure when one contract is index-linked" must be enabled
When enabled, an index-linked Time Charter contract that is scheduled with a fixed-rate short contract will remain in exposure and the exposure will be based on the Market Value Rate defined on the voyage for that contract instead of the contract rate.
View Berth Information for Specific Port Calls
Port call berth information has been added to the v1/agent/portcalls/{companyCode}/details Veslink API endpoint, allowing you to view berth information for specific port calls. This includes a new top level Berths element in the response for each berth stay associated with the portcall, as well as a BerthSeqNo for each returned PortCargo.
New Configuration Flag for Capturing Trades With Nonconsecutive Periods and Different Quantities Per Period
CFGPaperTradePeriods must be enabled
When enabled, paper trades can be created for multiple non-consecutive periods with differing quantities in each period.
New Ability to Display/Hide Off Hire and Off Hire Reversals in Hire Statements
You can now hide or display individual off hire and off hire reversals from time charter in (TCI) and time charter out (TCO) forms.
Updated Configuration Flag Links Estimated Demurrage Per Port
When CFGEnableMultiEstDem is enabled, you can break down Estimated Demurrage by counterparty and by port.
By Counterparty:
Select the counterparty to make the Estimated Demurrage calculation per charterer rather than per voyage. With no charterer entered, the calculation represents all charterers of the voyage without a charterer-specific Estimate. CFGAllowEstLaytime must also be enabled.
By Port: Estimated Demurrage records can be linked to specific port calls within a voyage. Only ports where the selected counterparty’s cargo is handled will be available for selection. When an Estimated Demurrage record is linked to a port call, its description in the Voyage P&L will note as much, and it will be superseded as appropriate by actual demurrage entered via Laytime Calculations.
February 2021: New in IMOS v7.11.18372
New Controller Filter Added to TC Schedules
A Controller filter has been added to the list of available filters in the TC Payment Schedule, TC Billing Schedule, Bareboat Payment Schedule, and Equipment Payment Schedule workspaces. To filter by controller, select an existing controller value from the dropdown list and all schedule items with a matching controller value will be shown.
New Configuration Flag Automatically Creates Commissions Invoices When Freight Is Posted
Requires configuration flags CFGAutoGenerateFreightComms and CFGAutoNumberPayables
When enabled, freight commission invoices will automatically be created when the corresponding freight invoice has been posted.
New Add To Hire Check Box for Adding Individual Delays as Hire Delays
You can now add individual delays as hire delays using the Add To Hire check box in the Off Hire tab of a Time Charter form. Additionally, the existing Add Off Hire check box was renamed Add All Off Hires to better reflect its existing functionality.
Bareboat Data Points Added to Reporting
Bareboat contracts can now be reported on in the Report Designer, via a join from the Time Charter Contract table.
January 2021: New in IMOS v7.11.17864
Remarks Text Box in Estimates Enlarged for Increased Character Limit
Requires database schema version 30.9 or higher
The Remarks box in Estimates has been resized from 256 to 512 characters to accommodate longer comments.
DWT, DWF%, and Use Scrubber Info Added to Voyage Estimate Column, Use Scrubber Check Box Added to Details View
DWT information, DWF% information, and a "Use Scrubber" check box have been added to the Voyage Estimate Column View. Additionally, a "Use Scrubber" check box has been added to the Voyage Estimate Details View.
Benchmark Estimate Workflow Added to TC Out Contracts
A Benchmark Estimate workflow has been added to the TC Out contracts behind the CFGTCOutBallastExposureCapture and CFGEnableBenchmarkEstimate configuration flags. When enabled, you will have the ability to create a Benchmark TCTO estimate and link that to a TC Out contract. The Ballast days and bunkers will be automatically captured at the contract level from the Benchmark Estimate.
New Check Box Added to TC Contract and Trade Routes Form to Define Calculated Route as a Split Route
Requires the Trading module
A new check box has been added to the Trade Routes form to define a calculated route as a "split" route. When a route with the check box selected is used to define the exposure details on a TC contract then the TC exposure will be split across the routes that are defined in the formula for the calculated route. This split will be both for the Exposure Days and the Exposure amount.
Additionally, the check box has been added to the Exposure details on the cargo form so you can de-select this on trades that you do not want to split.
This split route exposure will allow you to properly capture the exposure of vessels that do not fit into a specific class or type against the indices for the correct amounts.
New Ability to Duplicate Off Hire Line in Delay Window
Two new options have been added to the right-click menu for off hire delays in the Delays form.
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December 31, 2020: New in IMOS v7.11.17479
New Option to Select Allowed Laytime as a Result in Pricing Rules
You can now select “Allowed Laytime” as a result in Advanced Pricing, which allows for the seamless flow of contractual COA laytime terms into cargo contracts. Allowed Laytime includes several fields: Scale Table, Allowed Time (Hours or Days), Terms (e.g., SHINC or SHEX), and a Reversible check box.
Ability to Change Port Functions on the Bunker Planning Form
You can now change P (Passing), C (Commencing), and T (Terminating) port functions to F (Fueling) on the Bunker Planning form for non-cargo handling port functions.
New Fields Added to TC Out Contract Exposure Tab to Account for Ballast Days
CFGTCOutBallastExposureCaptuthremust be enabled
When enabled, several new fields are added to the TC Out contract's Exposure tab to record the Net Daily TCE, Benchmark Estimate, Ballast Bunker Exposure, and Ballast Days. When populated, these fields will update the TC Out contract exposure to account for the Ballast Days required to get to the delivery port. The new value will become the Net Daily TCE and the Ballast Bunker Exposure will be displayed either in addition to the delivery exposure or separately if the ballast period is different.
Support Added for Multiple Lumpsums per Booking in Freight Calculations
A new “On Booking” column has been added to the Extra Freight Terms form in the Data Center. When enabled, it allows a Lumpsum type code to apply to a booking instead of individual cargoes, so new lumpsum on booking terms can be configured and applied together, both in extra freight terms and in Advanced Pricing on COAs. Previously, only the LB code could be applied as a lumpsum on booking.
Estimate Received Fuel and Price Fields Added to the Report Designer
Requires IMOS database schema 30.6 or higher
The “Price” and “Received Qty” fields from the Bunker Planning form have been added to the Report Designer under the Estimate Itinerary > Estimate Itinerary Bunkers table.
November 30, 2020: New in IMOS v7.11.17044
Improved Cargo Data Filtering on Onboard Form/Voyage Itinerary
Requires the Voyage Reporting module
On custom cargo-level Onboard forms, a new “Cargo_Name” field enables you to filter voyage itinerary data to a specific cargo, instead of showing data for all cargoes on the voyage itinerary.
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October 31, 2020: New in IMOS v7.11.16677
Improved In-Progress Estimation Accuracy in Voyage Estimate
Several new features have been added in Voyage Estimate:
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September 30, 2020: New in IMOS v7.11.16275
Set Start of Ballast Leg as the Exposure Basis Date for Cargo Contracts
Requires the Trading & Risk module
A new check box called "Use Est. Ballast Days For Exposure Start Calc" has been added to the Trading Profile. When selected, the Trading P&L Summary and Details List will take into account the estimated Ballast Days required to move a cargo, and will calculate an updated start of exposure based on the start of laycan less these days.
Additionally, the Trading Profile "Select Basis to Calc Ballast From Other than Min" check box can be used to select the laycan window's mid or max to deduct the Ballast Days from to calculate the start of exposure. If "Select Basis to Calc Ballast From Other than Min" is not selected, Ballast Days will always be deducted from the start of the laycan window.
Show Miles in ECA Zone
On the Voyage Manager and Voyage Estimate itineraries, an "ECA Miles" column has been added to the Port/Date tab to view the ECA distances between port calls. In addition, an “ECA Distance” column has been added to the Route Selection modal.
New Trading Profile Form Tabs
Requires the Trading & Risk module
The Trading Profile form has been reorganized to support the use of “Mark to Market,” “Rules,” and “Profile Flags” tabs. Previously, these sections were all displayed together on the form, but now there is a dedicated tab for each section, making navigating the Trading Profile form much easier.
Link Paper Trades to One Another for Hedging and Rolling
CFGLinkPapertoPaper must be enabled
With appropriate configuration, a Linked Trades grid appears on the FFA/Option and Bunker Swap/Option forms. On the Linked Trades tab of each paper trade form, the Linked Trades grid enables you to link two paper trade contracts together.
"Cargo" and "Cargo ID" Fields Populate in the Operations Forms List
Requires the Voyage Reporting module
The Forms list now populates the "Cargo ID" and "Cargo" columns for Cargo Handling form rows.
August 31, 2020: New in IMOS v7.11.15882
Edit Arrival/Departure ROBs on Voyage Itineraries
You can now update the Bunker Itinerary information on Voyage Itineraries for upcoming ports, allowing you to plan and manage your voyages more effectively by updating arrival/departure ROBs. Once edited, the field will be colored blue to indicate a manual override. Actualized ROBs and commencing ports are not editable.
Ignore Duration Basis from the TC Contract & Always Account for Min
Requires the Trading & Risk module
A new check box called “Use Min Duration On TC Contracts” has been added to the Trading Profile. When selected, the duration basis on the TC contracts displayed in the Trading P&L Summary and Details Lists will be ignored and, instead, the contract will be evaluated against its min duration. The min/max period defined on the contract will then always be assessed as an optional period.
Link Trades on a Quantity Basis Instead of Just a Period Basis
Configuration flag CFGLinkPaperTradeQty must be enabled
With appropriate configuration, paper trades can be linked to physical trades on a quantity basis within a period, providing a more granular level of linking and allowing for one paper trade to be linked across multiple physical contracts within the same period.
Added ECA Zone in South Korea
New ECA zone was added for the South Korean ports: Busan, Incheon, Yeosu/Gwangyang, and Ulsan.
July 31, 2020: New in IMOS v7.11.15015
Select “Min Excl Option” Duration Basis on TC Contracts
Requires the Trading & Risk module
A new duration basis option called “Min excl Option” has been added to Time Charter contracts. This basis option behaves like "Min," except when exposure on the contract is calculated, since the exposure period does not include the options period or the Min/Max period.
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The latest version of IMOS v7.11 and its Release Notes are available in the Client Center.
Operations
Select a Cargo in Port Activities prior to Receiving the BL Code
Configuration flag CFGSelectCargoInPortActivitieswithNoBLCode must be enabled
With appropriate configuration, you can select a cargo on the Port Activities form prior to a BL Code being received, for example, when you are waiting for the BL Code from the agent.
Add "ETA" and "ETD" Fields to Custom Voyage Reporting Forms
Requires the Voyage Reporting module
“ETA” and “ETD” fields are now available to add to custom forms. When forms containing these fields are submitted, entered values update port ETAs and ETDs in IMOS.
Financials
IFRS 16 Compliance: Create Lease Modification "Error Correction” Journals
Configuration flag CFGEnableTCLeaseAccounting must be enabled
On the Time Charter Period Journals form, you can now create either “Re-Value” or “Error Correction” journals.
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The latest version of IMOS v7.11 and its Release Notes are available in the Client Center.
Additional Audit Reporting
Feature Board suggestion; requires a schema update
Several fields have been added to the Voyage List, Voyage Invoices List, and other Financials lists to enable more granular reporting on invoice creation and approval.
Warning When Deleting a Port with a Data Submitter
Feature Board suggestion; requires the API and the Agent Portal
For clients that connect to agents and port services suppliers through the API, the system will now warn you if you try to delete a port in the voyage itinerary with a Data Submission entry, helping to ensure that you adjust your itinerary with intention.
Help Save the Planet – Emissions Calculator
Feature Board suggestion
On Voyage Estimate and Voyage Itineraries, a new “CO2” column enables you to capture CO2 emitted per leg. When evaluating voyage options, you can minimize the EEOI impact of a voyage by choosing the lowest estimated CO2 emissions.
Trading Profile Option: Display ROB Exposure Based on Future Scheduling
Requires the Trading module
On the Trading Profile form, the logic behind the “Display ROB Exposure Based on Future Scheduling" option has been updated to better handle TCTO voyages, specifically the delivery exposure and capturing the net between that and the leading TCOV ROBs.
Optimize Ballast and Laden Speeds for Maximum TCE
On the Voyage Estimate details menu, click “Apply Max TCE Speed” to pull in ballast and laden speeds from the vessel's defined speeds that will result in a maximum TCE result. These speeds will update in the voyage itinerary.
Create a Voyage Estimate from the Benchmark Linked to a Cargo
Configuration flag CFGEnableBenchmarkEstimate must be enabled
You can now create a Voyage Estimate from a Cargo based on the linked Benchmark Estimate. On the Cargo “Estimate” menu, click “Add Cargo To New Estimate From Benchmark.”
Display TC In Broker Commission on the Voyage Estimate P&L
Configuration flag CFGTciBrokerCommOnEstimate must be enabled
On the Voyage Estimate P&L, you can now display a broker commission amount and percent from the Time Charter contract, when applicable.
Improved Voyage Visibility on Booking Forms
Configuration flags CFGEnableCargoBooking and CFGEnableVCInBooking must be enabled
On the Cargo and VC In Booking forms, you can now see “Voyage Status” for each associated voyage. You can now click column headers to sort through the list of voyages by column value.
Manage Who Can Edit Accounts in Transactions and Journal Entries
Configuration flag CFGEnableEditTDEandJournalAccountsEntry must be enabled
Administrators can now control access to the "Account” fields within the Transaction Data Entry and Journal Entry forms via two new security permissions at the group or user level: "Edit Account on Transaction Data Entry" and "Edit Account on Journal Entry." Enabling this configuration will supersede configuration flag, "CFGEnableModifyTDEAccounts."
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The latest version of IMOS v7.11 and its Release Notes are available in the Client Center.
Track “Firming ETA” in Contract Performance Reports
Configuration flag CFGStoreFirmingETAOnCargoTrigger must be enabled
Depending on the trigger defined in the configuration flag value, when a voyage’s status is set to “Forecast,” “Scheduled,” or “Commenced,” a static “Firming ETA” field populates on the linked Cargo or VC In Itinerary/Options tab. You can compare this value with the actual ETA in a custom Report Designer report.
Add Pilot Stations to Your Itinerary
Configuration flag CFGEnablePortPilotStations must be enabled
On a Port, you can designate it as a “Pilot Station” by selecting the check box of the same name. Pilot Stations can be associated with a standard Port (on the Port form Pilot Stations grid) and then added before, after, or in place of the associated Port on the estimate or voyage itinerary.
Receive Voyage Reporting Forms from Tows
Requires Veslink Essential and the Barging module
An “Active for Veslink” check box has been added to the Tow form, enabling Tows to submit Voyage Reporting forms to shore.
Validate Port Activity Pairing in Voyage Reporting Forms
Requires Veslink Optimum; configuration flag CFGApplyCodePairInPortActSelection must be enabled
Voyage Reporting forms containing a Port Activities control, such as the Statement of Facts, will enforce any pairing set up on the Port Activities form in the Data Center.
Generate a Receivable Demurrage Time Bar Task after Last Discharge Port
Requires the Claims module; configuration flags CFGAlwaysAddPerVoyageReceivableTimeBarTask and CFGEnableDemTBTasks must be enabled
With appropriate configuration, a single AR Demurrage Time Bar Task will always be generated in OVOV, RELT, TCOV, and VCOV voyages for the cargo charterer when the last discharge port's activities are completed.
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The latest version of IMOS v7.11 and its Release Notes are available in the Client Center.
ECA Zone Changes for 2020
Requires a Distances upgrade
To comply with January 2020 regulations, a new ECA - YANGTZE INNER RIVER zone was added. ECA Zones are available as a visual overlay in any map workspace, and the zones can be minimized when calculating routes in Estimates, Voyages, and Distances.
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Update VC In L/D Rates, Based on COA Options
Configuration flag CFGUpdateLDRatesWhenLinkedtoCOA must be enabled
When a VC In is linked to a COA, the Load/Discharge rates will update from the COA options when the VC In itinerary has matching ports in the COA Load/Discharge options.
Assign Owner’s Agent, Based on Ports Serviced
Configuration flag CFGAutoAssignOwnersAgent must be enabled
On the Agents and Notices form, Owner's Agent automatically populates for the voyage port call with an agent that services the port. If there are multiple agents that can service the port, the field populates with the first agent returned. Only forward port calls will be updated after this flag is enabled; historical port calls will not be updated.
Generate Time Bar Tasks for RELT and VCOV Voyages
Requires the Claims module; configuration flag CFGEnableDemTBTasks must be enabled
Demurrage Time Bar Tasks to complete demurrage-related activities are automatically generated based on contract and voyage data. In addition to existing logic and triggers for different voyage types, tasks are now generated for RELT and VCOV voyages.
Apply Code Pairing to Port Activities
Configuration flag CFGApplyCodePairInPortActSelection must be enabled
Code Pairing set up in the Port Activities list in the Data Center will now allow you to pair two activities together through the "Code" and the "Pair With" fields. When one activity is manually added to port activities, the paired activity will also automatically add.
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IMO 2020: New Bunker Symbols Available
Requires the Trading module and a bunker data feed
Two new bunker symbols have been added to support IMO 2020 fuel grade compliance: SPO05FO (Marine 0.5% FOB Singapore) and RDM05FO (Marine 0.5% FOB Rotterdam Barges). The symbols must be added manually to the Bunker Symbol form in the Trading module.
Use Idle/Off Consumption for Dry Dock Port Functions
Applies only to new or unused Port Functions other than L, D, or M
When defining Port Functions in the Data Center, you can select the “Idle/Off Cons” check box to use the Idle/Off consumption rate defined on the Vessel Consumption tab. This enables you to calculate in-port bunker consumption differently when the vessel is waiting at port (using the Idle/On rate) versus in dry dock (using the Idle/Off rate).
Compare Sea and Port Consumption against an Average
Applies only to non-tow voyages
On the Voyage Bunkers form, two new columns enable you to see “Avg Sea Cons” and “Avg Port Cons” per fuel, on the Summary tab, and per sea leg, on fuel-specific tabs.
Add Technical Managers to the Address Book
Configuration flag CFGAddTechMgmtCoAddType must be enabled
In the Address Book, you can now create Addresses that are Type “T,” for Technical Manager, which can be selected in the Manager drop-down menu on the Vessel Contacts tab.
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The latest version of IMOS v7.11 and its Release Notes are available in the Client Center.
IMO 2020: Flexibly Configure Fuel Zone Consumption
Configuration flag CFGEnableScrubberType must be enabled
If a fuel zone is marked as “IMO 2020,” you can now select H (high-sulfur) and G (general) fuel types in nonscrubber configuration of fuel zones, which are taken into account when bunker consumption is calculated.
IFRS 16: Enhanced Support for Lease Modifications
Lease modifications will now use the latest ROU depreciation rate, and add an adjustment to the MLAJ journal to compensate for any change in accumulated depreciation due to the modifications. Prior periods will continue to be depreciated according to the value stored with each MLAJ journal.
Exclude Pending Paper Trades from a Trading Profile
On the Trading Profile form, you can select a new option, "Show Only Confirmed Paper Trades.” When selected, any paper trade with a "Pending" status will not be shown in the Trade Details list or Trading P&L summary.
Back-create a Booking from a Voyage
Configuration flags CFGEnableCargoBooking and/or CFGEnableVCInBooking must be enabled; requires a schema upgrade
When configuration flag CFGCreateBookingFromVoyage is enabled, on the Create New Voyage form, a new option appears in the "Create From:" drop-down menu: "Voyage Booking." When selected, upon saving the voyage, a new Booking will be created and linked to the voyage, with its properties initialized basis the entered voyage data.
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By October 31, 2019, existing help links will redirect to articles in the Help Center.
Key Features
IMO 2020: Select Scrubber Type per Port, Vessel, Voyage Estimate, and VoyageEdit
When CFGEnableScrubberType is enabled, a scrubber drop-down menu appears on the Port, Voyage Bunkers, Bunker Planning, and Vessel forms accessed through a Voyage Estimate. On the Port and Vessel forms, the drop-down menu reflects scrubber values allowed at the port and equipped in the vessel. On the Voyage Estimate and Voyage, it reflects the scrubber type used for bunker calculations. On the Vessel form, the “Use Scrubbers” check box is replaced with the new “Scrubber Type” drop-down menu. The Fuel Zones form has two tabs to support “Scrubber” and “Non-Scrubber” configurations. These new options facilitate bunker calculations to use the new IMO 2020 regulations.
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Back-Create a Voyage Estimate from a Voyage Fixture
On a Voyage Fixture, click the new “Estimate” button to back-create a Voyage Estimate.
For Gas, LNG, and Tanker Bookings, Track Tank Inspection and Purging
Configuration flags “Enable Cargo Booking” and “Enable VC in Booking” must be enabled
Two new columns appear on the Tank Information form, “Insp.Status” and “Purg. Status.” These statuses can be set to “In Progress,” “Denied,” “Approved,” and “Additional Request.”
“Processing” Forms Appear Light Blue in the Veslink Forms List
Requires Veslink
To more easily differentiate from Veslink forms in status “Approved,” “Processing” forms now appear with a light blue background in the Veslink Forms list. As before, “Pending” forms are highlighted in green, and “Pending with Errors” forms are highlighted in red.
Denote Cargo Names that Require Special Handling
A new check box, "Special Handling Required," has been added to the Cargo Name form in the Data Center. It is available to flag products that need additional attention during vetting. The "Special Handling Required" column is available for display in the Cargo lists and Cargo Name reports.
September 3, 2019: New in IMOS v7.11.10064
The latest version of IMOS v7.11 and its Release Notes are available in the Client Center.
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Apply Coordinates to "At Sea" Ports in an Itinerary
When configuration flag “Enable Lat Lon Override” is enabled, you can manually override At-Sea Port Latitude and Longitude values in the Voyage Estimate and Voyage Manager, to more accurately reflect waiting points or itinerary deviations.
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Bulk Update Contracts from the COA Linked Liftings Tab
In addition to bulk updating contracts from the Cargo List and VC In List, you can select Linked Liftings to update from the COA form. Select the contracts that you want to update and then click the “Bulk Update” button below the grid.
Add Attachments to Addresses
Administrators can add attachments to any Address by right-clicking the “Attachments” link in its Summary tree. You can also dynamically attach links using configuration flag “DataForm.AddressBook.Links.”
August 2, 2019: New in IMOS v7.11.9601
The latest version of IMOS v7.11 and its Release Notes are available in the Client Center.
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IMO 2020: Define Acceptable Fuels per Port and Record Scrubber Install Date
Configuration flag “Enable Port Fuel Availability” adds a Fuel Type/Grade Availability grid to the Port form, in which you can capture fuels that are available at the port.
Configuration flag “Enable Vessel Scrubbers” adds a “Scrubbers Active” field to the Vessel form, in which you can record the date when scrubbers were installed.
To learn more about Veson Nautical's IMO 2020 solution, RSVP for the upcoming webinar, A Digital Solution for IMO 2020.
Marine Planning: View Port ETAs and ETDs on the Booking Form
The marine planning workflow requires additional existing configuration flags
Configuration flag “Enable Ports Grid in Booking” adds a Ports grid to the Cargo Booking and VC In Booking forms. This grid displays port ETAs and ETDs from the port calls and voyages tied to the booking. These fields only populate when there is a voyage, and they cannot be edited. Only ports that appear in the Cargo grid appear, so transshipment ports do not display.
July 1, 2019: New in IMOS v7.11.9161
The latest version of IMOS v7.11 and its Release Notes are available in the Client Center.
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Synchronize Cargo and Voyage Revenues and Expenses
Enabling configuration flag "Link Cargo Rev Expense to Voyage Rev Expense" creates a persistent link between Revenues and Expenses added in the Rev/Exp tab in the Cargo form and those on the Voyage Other Revenues and Expenses form. Row highlighting and hover help indicate which lines will not be synced because they were created prior to the availability of this configuration.
Manage Cargo Movements from a Centralized Booking
Configuration flags "Enable Cargo Booking" and "Enable VC In Booking" must be enabled
IMOS supports a more robust marine planning workflow for commodity owners. Working from the Cargo or VC In Booking, you can determine the most efficient way to group cargoes, manage vessel nominations, schedule voyages, and manage cargo movements through to discharge.
Set Default Data Submission Agents per Port
When configuration flag "Enable Default Data Submission Agent Per Port" is enabled, a "Data Submission Agent" field appears on the Port form. When an agent is selected for a port, that Data Submission Agent will populate by default for its port calls, taking precedence over configuration flag "Default Data Submission Agent."
Define Return Bunkers and Hire for Shuttle Freight Invoicing
Configuration flag "Enable Shuttle Freight Invoicing" must be enabled
Agreed Transit Times and Rates Rule and Agreed Transit Bunkers Rule forms, available in the Data Center, enable you to create rules that define return (theoretical) times/rates and bunker consumption, used to calculate shuttle tanker freight. For ease of use, these forms have been designed to resemble other rule creation forms in IMOS.
June 3, 2019: New in IMOS v7.11.8840
The latest version of IMOS v7.11 and its Release Notes are available in the Client Center.
Key features and enhancements:
View a List of Alerts Assigned to You
Alerts can now be assigned to specific users, just like Tasks. In the Operations module, a new Alert List shows all Alerts created in the system, for which you can create a user view filtered to show only Alerts that are assigned to you.
Determine the Correlation Value of TC Vessels, against a Benchmark
Requires the Trading module; Vessel Valuation must be enabled for you by Veson Nautical
The new Vessel Valuation form enables you to compare any number of vessels against a benchmark vessel, across a Matrix of Estimates, to determine each vessel's appropriate Ratio % (correlation) value.
Do More with Cargo/VC In Booking
Cargo and VC In Cargo Booking must be enabled
As part of an initiative to support marine planning workflows in Multiple Cargo/VC In Booking, a new Tank Information form enables users to make safe and sanitary cargo scheduling decisions by tracking the cargo history of each vessel tank and then assigning cargoes to appropriate tanks.
Furthermore, from the Cargo and VC In lists, users can now bulk add contracts to bookings. New fields on the Cargo Booking and VC In Booking forms track additional data points: Product Code, Unit, Voyage, and Chtr Coordinator.
May 3, 2019: New in IMOS v7.11.8523
The latest version of IMOS v7.11 and its Release Notes are available in the Client Center.
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Pay TC In Hire Past the Minimum Redelivery Date
When configuration flag Pay Hire Beyond Min is enabled, users can make payments after the minimum redelivery date without having to change the duration basis on the contract. This enables traders to still consider the optional min/max period while meeting contractual commitments to make payments.
Get the “Charterer” View of an Estimate
When configuration flag Enable Voyage Estimate Charterer Itinerary is enabled, a “Charterer” tab appears on the Voyage Estimate Itinerary as the default itinerary grid. This tab consolidates high-value information such as vessel particulars, cargo and routing details, and bunker breakdown information.
Incorporate Profit Share in Estimated Voyage P&L
When configuration flag Enable Voyage Estimate TCE Profit Share is enabled, fields for Profit Share percent and Profit Share TCE are available in the Voyage Estimate column view. Additionally, when configuration flag Use Multi Owners is also enabled, a field for "Profit Share %" is available on the Vessel Owners form.
In Advanced Pricing, Use Freight Scale Tables Billed Basis CP Qty
When creating Pricing Rules for contracts that use Freight Scale Tables billed basis CP Qty instead of the typical BL Qty, you can now right-click a Freight Scale Table result to “Edit Scale Table” and set the Basis.
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March 4, 2019: New in IMOS v7.11.8000
The latest version of IMOS v7.11 and its Release Notes are available in the Client Center.
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Leverage New Data Points in the Report Designer—Cargo Transfers, Interface Messages, and More
In the Report Designer, several new data sets are available. For example, if you manage cargo transfers in IMOS, you can use the Voyage > Cargo Transfers join to report on a parent voyage and all of its associated transfer voyages, vessels, and cargoes. With the new Interface Messages and Notifications table, you can create reports that include records of data imported and exported.
In the Trading Profile, Show Cargo/VC In Weighted Days as Voyage Days
Requires the Trading & Risk Management module
On the Trading Profile form, when “Show Cargo/VC In Weighted Days as Voyage Days” is 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.
Group VC In Contracts on a Single Booking
When configuration flag Enable VC in Booking is enabled, a VC In Bookings form is available in the Chartering module. It has all of the same functionality as the Cargo Booking form, but it is used for grouping VC In rather than Cargo contracts. Additionally, when a VC In associated with a VC In Booking is linked to a Cargo contract on a RELT voyage, the booking becomes locked from editing.
Inactivate Specific Fuel Zones
On the Fuel Zones form, when the "Inactive" check box is selected for a specific zone, routing will not be minimized through the zone and consumption of Low Sulfur fuel will not show.
Add Attachments to Equipment Hire Payments
Requires the Barging module
To attach supporting documents and links to equipment Hire Payments, click the Attachments button.
Record Additional Data for Chemical Cargo Types
When configuration flag Enable Chem Cargo Name Fields is enabled, the following fields appear on the Cargo Name form when the Cargo Class is LIQUID: USCG Name, MARPOL Category, IMO Ship Type, SG Temp Basis Degree, SG Temp Coefficient, SG Temp Scale, Melting Point, Melting Point Temp Scale, Boiling Point, Boiling Point Temp Scale, IMO Class, ADNR/ENI Class, USCG Grade, USCG Subchapter, and USCG Cargo Name. The fields are also available in the Cargo Name list and Report Designer table.
February 4, 2019: New in IMOS v7.11.7661
The latest version of IMOS v7.11 and its Release Notes are available in the Client Center.
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Manage Lease Accounting in Accordance with IFRS 16
When configuration flag Enable TC Lease Accounting is enabled, lease accounting functionality enables you to recognize the total value (service cost, interest, and depreciation) of leased assets (TC vessels) on the balance sheet of your books. You can manage initial terms and modifications to the Lease tab on Time Charter contracts, show or hide lease costs in the Voyage P&L, and create Time Charter Period Journals to transfer lease line items to your balance sheet. Lease data are available in the Report Designer and Task & Alert Rules. For more information, see Compliance with IFRS 15 and 16 Regulations.
Allocate Voyage Invoices to Cargo Itinerary Lines
Each Invoice Details line in Transaction Data Entry forms on all voyages are now linked with cargo itinerary line items so that users can properly allocate the costs to the appropriate counterparty on the voyage, prorated by their quantity as a part of the total quantity. Cargo Itinerary Allocation data can be interfaced and are available in the Report Designer.
Edit Boat and Barge Codes on Equipment Creation
Requires the Barging module
When creating Boats and Barges in the Data Center, as with Vessels, you can now enter a custom 4–6 character Vessel Code. When the new Boat or Barge is saved, Vessel Code becomes read-only.
Apply Default P&L Calculation Options to Pool Distributions
Requires the Pooling module
When configuration flag Pool Use Default P&L Calc Options is enabled, default P&L calculation option settings are applied to Pooling Distribution calculations. P&L calculation options previously affected period-based P&L, Monthly Accruals, Voyage Period Journals, and Voyage P&L Summary reports only.
December 20, 2018: New in IMOS v7.11.7285
The latest version of IMOS v7.11 and its Release Notes are available in the Client Center.
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New Fields Added to the Built-in Voyage Estimation Column Report
Per Unit Cost (for LNG Carriers), Laycan From/To, and Daily Cost now appear in the Voyage Estimation Column Report, which is accessible from the Voyage Estimate column menu.
Veslink Voyage Instructions Enhancements
Requires Veslink Optimum
When sending Veslink Voyage Instructions, row details now appear indented, to be easier to read. Additionally, when designing Voyage Instructions forms, Option Type Name and Port Function Name are now available external data sources when joining to Voyage Cargo Handlings.
Track Invoice Received Date
A new field has been added to several invoice forms to capture the Received Date of the invoice. This differentiates from the invoice date, which is provided by a vendor, and the accounting date when a transaction is posted.
Generate One Demurrage Time Bar Task per Cargo
Requires the Claims module, and Demurrage Time Bar Tasks must be enabled
When configuration flag Use Cargo Counterparty in Time Bar Task is enabled, only one Demurrage Time Bar Task is generated per cargo for the entire voyage, if the vessel is a tanker or the cargo is reversible. Otherwise, one Demurrage Time Bar Task is created per cargo per port.
November 30, 2018: New in IMOS v7.11.7085
The latest version of IMOS v7.11 and its Release Notes are available in the Client Center.
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Sync Bunker Delivery Dates on Veslink Bunkering Form Approval
Requires Veslink Voyage Reporting
When configuration flag Enable Veslink Bunkering Form Date Sync is enabled and a Veslink standard Bunkering Form is approved in IMOS, the Bunkering Completed Date and Time on the form are synced with the Delivery field in the Bunker Requirement and, if one has been created, the Delivery Date field in the associated Bunker Invoice. If there are multiple Bunker Requirements for this port, IMOS chooses the first one to sync to (the one with the lower Requirement ID for that port with that fuel type). If the Bunker Requirement Request Status is Canceled, or if Procurement Status is Completed or Canceled, IMOS will not update the Bunker Requirement's Delivery date.
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November 1, 2018: New in IMOS v7.11.6840
The latest version of IMOS v7.11 and its Release Notes are available in the Client Center.
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Set Tasks to Status "Overdue (In Progress)"
There is a new status for Tasks called "Overdue (In Progress)," which has an icon that differentiates it from Tasks that are overdue but not yet started.
More Easily See Claim Commission in the Voyage P&L
Claim Commission now appears under Freight/Demurrage in the Voyage P&L for Actual and Posted values.
Do More with Custom Forms
Requires Veslink Voyage Reporting Optimum
The Bunker Tanks table has been updated so that, if it is on the same form as a Bunkers ROB control, ROB data are shared between the two form elements. Bunker Tanks also has improved data entry validation, to ensure accurate bunker reporting. Additionally, a new Berth Name field can be added to any custom form; it automatically populates based on the voyage itinerary.
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Specify Voyages Types to Share with a Disbursement Service Provider
Requires the Disbursement Interface
Configuration flag Operations Types for Portschinfo DA enables you to define a comma-separated list of voyage types, for which port call information will be shared via the Disbursement Interface.
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New Distances Release, ECA Zone Updates
In response to China's updated ECA zone regulations, in effect as of October 1, 2018, Veson Nautical has released a new version of Distances for IMOS.
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Manage Multicurrency Tax Information in Invoices
Configuration flag Enable Tax Group must be enabled
Enabling configuration flag Access TDE Form from Operations Invoice adds a TDE button to several Operations invoices, which opens the Transaction Data Entry form; from there, you can enter multicurrency tax information for the invoice. Enabling configuration flag Tax Per Line Item exports invoices with taxes calculated individually per line item rather than grouped per Tax Code.
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September 5, 2018: New in IMOS v7.11.6262
The latest version of IMOS v7.11 and its Release Notes are available in the Client Center.
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Set Up an Initial Bunker FIFO Queue in Voyage Estimates
Configuration flag Enable Voyage Estimate Init Bunker Queue must be enabled
Voyage Estimates now allow multiple initial lots for each bunker type, similar to the Voyage Manager. On the Bunker Planning form, you can click the Initial Quantity field label link to open the Initial Bunkers form. These lots will default from open positions, TC In delivery, and in-progress voyages.
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Record and Report on Delay Cost Breakdowns
When recording a delay for a voyage, you can now use the Extra Information for Delay form to enter a breakdown of costs associated with a Delay line item. This new form does not impact the Voyage P&L, but you can report on its data using the Report Designer.
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Set Up Security for Intercompany Transactions
Configuration flag Enable Intercompany Security must be enabled
For intercompany workflows, the Intercompany Security form enables you to establish which of your internal companies can transact with each other via invoices or journal entries.
Seamlessly Integrate with External Systems
Requires an interface license
To improve integration between IMOS and SAP, a vesselFlag tag has been added to the invoice export message. In the Data Center, Cargo Itinerary Mapping Rules enable you to map port names from external systems to standard Ports in IMOS.
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Additional IFRS 15 Functionality
New P&L calculation options, Adjust Portion for Ballast Days and Apply Demurrage to Period, and related configuration flags enable you to comply with IFRS 15 (or ASC 606) accounting regulations that are in effect this year. For a complete description of the new functionality, see Compliance with IFRS 15 and 16 Regulations.
For SPOT and RELT Voyages, Submit One Statement of Facts to Sail a Port Call
Requires Veslink Voyage Reporting
For SPOT and RELT voyages, where bunkers aren't tracked, instead of submitting three separate forms to arrive and depart a port call (Arrival, Statement of Facts, and Departure), it is now possible to submit a single Statement of Facts form. The form’s PS and PE date/times will be used as the arrival and departure date/times in the voyage. If the form only has a PS or only has a PE activity, it will not sail the port call. Additionally, if the port call is already sailed, the Statement of Facts form will simply update the port activities, including the PS and PE times.
Record Invoice Actions for Unposted AP and AR Invoices
Configuration flags Enable Invoice Notes and Enable Actions for Non Posted Invoices must be enabled
The Invoice Actions form enables you to keep track of invoice follow-up actions, typically for posted payable and receivable invoices. With configuration flag Enable Actions for Non Posted Invoices, this form is now available for invoices that are not yet posted.
Manage Multiple Approvals for Receivable Invoices
Configuration flag AR Invoice Approval Needed must be enabled
It is now possible to configure the number of approvals required for AR invoices independent of the number of approvals required for AP invoices. This is accomplished with configuration flag AR Invoice Approval Needed. You can use this independently or in combination with existing configuration flag Invoice Approval Needed.
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Create Rules-Based Alerts with Dynamic Text
With Tasks and Alerts Rules, you can generate Alerts with dynamic text. For example, if you want to generate an Alert that freight has not been fully invoiced, using custom expressions, you can embed invoice information within the text of the Alert.
Save Time with Chartering Enhancements
On the Cargo Name form, you can set a default Bill By method per cargo type (by BL Qty, Invoice Qty, CP Qty, or Outturn Qty), which flows through to relevant contracts. When the Voyage Commencing date of the first voyage of a TC In contract is changed, the corresponding update to the initial start date in the Hire grid now takes place immediately; previously, this update did not occur until a user opened the TC In contract form, with the result that any reports generated in the meantime would reflect the old/stale Hire Start date.
Create a Berth Rotation
For each port call, the updated Berth Management form enables Operators to define a berth itinerary with or without cargo operations.
Define Default Recipients for Veslink Voyage Instructions*
Requires Veslink Voyage Reporting
On the IMOS Voyage Template, Operators can define default To and CC recipients for Veslink Voyage Instructions. They can specify either voyage roles or specific Address Book entries.
Run Voyage Period Journals against a Snapshot
To reduce calculation time, Accountants can choose to run Voyage Period Journals against one Voyage Snapshot instead of recalculating the P&L for all voyages in the current filter.
Do More with Payment Batches*
On a bank’s Remittance Information form, Accountants can record Remittance Instructions, which can be shared with other systems and colleagues via the Messaging Service (requires an interface license) or on the Payment Batch form. They can also restrict certain banks from being used in Payment Batches using the Res. PB check box in the Address Book.
Receive Acknowledgment Messages When Importing Certain Information*
Requires an interface license
You can now configure the Messaging Service to generate acknowledgment messages for certain types of incoming messages, including invoiceImport and bunkerRequirementImport.
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Nominate Data Submission Agents and Define Port Activities for FOB Voyages
In IMOS, an FOB Voyage is composed of one or more FOB Cargoes. Through the Veslink Agent Portal (requires separate licensing), agents can now submit Statements of Facts for FOB Voyages. On the FOB Voyage form, right-click a line in the new Itinerary grid to access the Port Activities form (to define port activities for the Statement of Facts) or the Agents and Notices form (to nominate a Data Submission agent). Additionally, when creating a Laytime Calculation, you can now import Port Activities from an FOB Voyage.
Calculate LNG Discharge Quantity Based on Desired Heel
Requires the LNG module
When creating an LNG Voyage Estimate, if you know what the heel should be on arrival at the terminating port, you can use the Calc Disch Qty based on desired Heel form to automatically back-calculate the optimal discharge quantity. The calculation takes into account in-transit LNG consumption.
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To require one or more approvals for invoice reversals, set configuration flag Invoice Reversal Approval Needed to a value greater than 0.
To exclude digits after the decimal separator for certain currencies (for example, 900 JPY), enter a comma-separated list of currency codes as the value of configuration flag Currencies Without Digits After Decimal Separator.
Modify Standard Distance and Consumption Calculations based on Historical Data
Configuration flag Enable Port to Port Overrides must be enabled; requires schema v223 or later
On the Port-to-Port Overrides form, you can define custom port-to-port distance calculations with effective dates. This functionality can be useful, for example, when planning voyages with routes where transit duration and fuel consumption vary due to sea ice.
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Track Cost Per MMBTU for LNG Estimates and Voyages
Requires the LNG module; configuration flag Display Cost Per MMBTU must be enabled
On the Voyage Estimate and Voyage P&L for a Type L (LNG Carrier) vessel, a new field USD/MMBTU appears so that you can see the overall cost per energy unit of the LNG being carried.
Manage Multiple Approvals for Payment Batches
Configuration flag Batch Payment Supported must be enabled
You can require one or more approvals for a Payment Batch before it is sent to the bank. When Payment Batch Approval Needed is set to 1 or greater, the flag value defines the number of approvals needed before the batch is considered fully approved. Payment Batch approvers must have the Approve a Batch PaymentModule Right.
March 30, 2018: New in IMOS v7.11.4213
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Configure Task & Alert Rule Joins, Task Attachments, and Rule Set Categories
On the Task & Alert Rule form, joins are easier to find, preceded by > (for example, > Vessel…). Rules that include joins can be configured to evaluate to true when Any, All, or No joined fields meet the specified conditions. You can also choose to Run this rule once per a joined field; for example, you can generate Tasks and Alerts for each Bunker Lifting, instead of for the Voyage. Rules-based Tasks can now include attachments. Task & Alert Rule Set Categories, primarily used for reporting, can be defined in the Data Center and then added to Task & Alert Rule Sets.
Add Notes to Payable and Receivable Invoices
When configuration flag Enable Invoice Notes is enabled, Notes links appear in the Action column of Payables and Receivables Summaries. When you click Notes, the Invoice Actions form appears, on which you can add follow-up, payment, and other information.
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Integrate with SIS3 Vessel Data
Requires an SIS3 license
You can import SIS3 vessel details into the Vessel form or Voyage Estimate. To set this up using configuration flags, please contact Veson Nautical Support.
Create Freight Invoices by Booking Number
When multiple cargo booking is enabled (with configuration flag Enable Cargo Booking), a Booking No. field appears on nonincremental Freight Invoices. When you select a counterparty and then a Booking No., only the cargoes under that booking appear in the invoice Cargo grid.
Apply IC Adj % to Extra Freight Terms of Model B Mirrored Freight Contracts
When configuration flags Enable Contract Mirroring and Apply IC Adjustment to Xfrt are enabled, for a model B mirrored freight contract (Cargo/VC In and Cargo/VC In COA), an Extra Freight Term is adjusted by IC Adj % in the same way as the base freight, if the Extra Freight Term type is Rate or Lumpsum (not Percent).
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Capture Custom Data Points Using the IMOS Data Dictionary
In the Data Dictionary, now available in IMOS, you can create and edit custom data points (Elements) and then use them in the Report Designer and Task & Alert Rule Sets. For example, instead of creating a one-off custom report column, you can create an Element in the Data Dictionary, so that others in your organization can include the same data point in their reports or use it to generate a rules-based Task or Alert.
Create Rules-Based Alerts for COAs
Using the Task & Alert Rule Set List, you can now create rules-based Alerts to appear on COAs. Dynamic Tasks and Alerts can already be created for Address Book entries, Cargoes/VC Ins, Cargo Names, Ports, Time Charters, Vessels, Voyages, and Voyage Estimates.
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Apply Demurrage to Period*
A new Apply Demurrage to Period P&L calculation option can be applied to Monthly Accruals and voyage P&L reporting. On the Laytime Calculation form, click the Period Allocation button to quickly view demurrage period allocation details.
Expanded Contract Mirroring Functionality*
Enhancements have been made to the freight and demurrage invoicing of mirrored contracts, including new configuration flags. Additionally, mirrored contracts are now accessible from the Cargo and VC In menus.
Configure Your Workflow*
New configuration flags enable you to do any of the following:
Default TCI on Estimate Vessel Select: When you select a vessel in a Voyage Estimate, a TC In or a Head Fixture is automatically assigned.
Other Rev Expense Counterparty Address Types: Specify which Address Types can be selected as the counterparty of Other Revenues/Expenses invoices.
Enable Modify TDE Accounts: Enable the Module Right Modify Credit/Debit Accounts on TDE Form, which controls users’ ability to modify the account codes on the Transaction Data Entry.
APAR Invoice No Generation Unified: Generate AP and AR invoice numbers from one set of numbers.
Enable Claim Insurance Status: Add Insurance Status and Submission Date fields to the Claim form. Requires the Claims module.
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Set Up Custom Commodity Trade Units*
Requires the Trading module
On the Units of Measure form in the Data Center, administrators can create custom Type T (Commodity Trade) units to select on the Commodity Symbol and Commodity Option Symbol forms. Commodity trade units appear on the Commodity-Option Trade form when a symbol is selected.
Based on Rules, Define Default Values for Cargoes/VC Ins, Time Charters, and Invoices*
Similar to Pricing and Task & Alert Rules forms, the following new forms enable you to create rules that define default values on Cargoes/VC Ins, Time Charters, invoices, and invoice detail lines: Cargo Broker Rules, Time Charter Broker Rules, Invoice Default Rules, and Invoice Detail Default Rules.
Create and Schedule Multi-Cargo Benchmark Estimates*
Requires the Trading module
Benchmark Estimate functionality now supports multiple cargoes per voyage. By linking several cargoes to one Benchmark Estimate, you can calculate and monitor exposure for the overall voyage in the Trading P&L Summary, sync exposure information between contracts, and schedule all linked cargoes simultaneously.
Schedule Consecutive Voyages by Company*
IMOS can be configured to schedule consecutive voyages based on the most recent voyage of the same Company.
Use Stepped Demurrage Rates in On-Account Laytime Calculations*
Requires the Claims module
On the Demurrage-Despatch Rates form, when Demurrage on Account is enabled, you can now set up demurrage rates that change during the time on demurrage.
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Bulk-approve multiple invoices on the Approve Invoices list.
Select new P&L calculation option, Exclude Hire Related Items for Long Term TCO.
On the Invoice Approvals form, restrict Claim Invoice approvals by Claim Type.
Configure IMOS to automatically post the mirror of a posted invoice, by invoice type.*
Share Cargo/VC In, Time Charter, and Claim commissions with internal brokers.*
Warn, block, or allow the creation of TC Payments beyond what is due back in redelivery bunkers.*
For Payment Batches, default the Payment Method, display an error when the total amount is less than zero, and/or require all payments within a batch to use the same currency.*
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Create Custom Drop-Down Menus with User-Defined Fields
For a string type User-Defined Field, you can now create a predefined set of Values on the User-Defined Fields form, so that in the applicable object, the value of the field can only be selected from the predefined list.Link Claims to FOB Cargoes
Requires the Claims module
On the Claim form, if the CP Reference is FOB Cargo, you can search for and select the specific FOB Cargo contract using the Reference No. field. When an FOB Cargo ID is selected, you can open the contract by clicking the Reference No. field label link.
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Value Trade Options Using the Turnbull and Wakeman Approximation
Requires the Trading module
On the Trading Profile form, in the Option Valuation Rules grid, you can now select Turnbull Wakeman (1991) for Delta and Pricing on the different option types.For Voyage Estimates, Optimize Planned Bunker Liftings
On the Bunker Planning form, a new Optimize Liftings for Cargo check box appears. When you select the check box and then enter bunker Prices for one or more fueling ports, suggested lifting amounts automatically populate at the ports with the lowest price. Optionally, when running bunker optimization, you can take into account the freight rate of one of the Cargoes on the Voyage Estimate.On a Voyage Estimate, View Planned Bunker Liftings on Hover
On Voyage Estimate Details or Column View, bunker price fields highlight in yellow if planned liftings exist on the Bunker Planning form. When you hover over a highlighted field, the Weighted Average prices of all Fuel Types appear as well as details about all Planned Liftings for the voyage.Flexibly Handle Expenses for Credit and Debit Accounts
On the Business Rules form, for a given Source and Bill Code, you can now add two new lines that include a *.CR and *.DB suffix for that Bill Code. When posting an invoice that uses the Source and Bill Code, two additional detail lines appear on the invoice that net zero on the Transaction Data Entry form. *.CR and *.DB lines can be used to credit and debit accounts of your choosing.
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Manage Commodity Hedge Trades in IMOS
Requires the Trading module
IMOS now supports the creation of Commodity Hedge trades, useful for clients who trade nonfreight derivatives as hedges against overall exposure. In the Trading module, a new Commodity/Option Trade form was added, which functions similarly to an FFA/Option Trade. Exposure and settlement are calculated the same as for FFA/Option Trades.
Account for Bunker Exposure When Booking FFAs on $/ton or Worldscale Routes
Requires the Trading module
On the FFA/Option Trade form, when a $/ton or Worldscale Route is selected, a new Bunker Exposure tab appears, on which you can track tonnage of bunker exposure for specified Fuel Types.
On Cargo Contracts, Realize Bunker Exposure as Bunkers Are Lifted
Requires the Trading module; configuration flag Auto Update Bunker Exposure on Voyages must be enabled
IMOS can be configured to automatically update the Bunker Exposure Breakdown grid on the Cargo Exposure tab with consumption quantities from the associated Benchmark Estimate or Voyage.
Add Vessels from External Sources to Estimates
Configuration flag Enable Vessel Import from Estimate must be enabled, and additional licensing is required for vessel data feeds
IMOS can be configured so that you can add vessels from Baltic99, Fairplay, and Q88 to Estimates, even if they do not yet exist on your Vessel List.
Select a Default Remittance Bank for a Company
Configuration flag Show Remittance in Cargo must be enabled
On the Bank Links tab of a Type W Address, to select a default Remittance Bank for each Currency, select the Default check box. On a Cargo, Cargo COA, or Time Charter Out, when the Company and Currency are selected, the Remittance Bank field autopopulates with the default value; you can choose a different bank if needed.
Easily Access the Contract Associated with a Claim
On a Claim, to open the contract it is linked to, click the Reference No. field label link.
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Create Claims for Cargo and VC In Contracts
On the Claim form, the CP Reference field includes two new options: Cargo and VC In. To link a Claim to a Cargo or VC In, enter its Cargo ID in the Reference No. field. Claim Invoices flow through to their respective voyages.Define and Report on Custom P&L Snapshot Types
When saving a new P&L snapshot, any P&L Snapshot Type defined in the Data Center can be selected. You can compare all of your custom P&L Snapshot Types in the Report Designer.Require a Tax Code When Invoicing Certain Companies
To help you meet different tax requirements, on a per-company basis, you can now set invoices to require a Tax Code before they can be posted. On the IMOS Address form for any Type W company, select Tax Code Required.
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Easily Identify and Act On High-Priority Tasks
On the Tasks & Alerts panel, Tasks have a new look-and-feel to help you prioritize items that need immediate attention. High-priority Tasks now appear highlighted in red and show the number of days overdue or until due. Each Task now only takes up one line of text so you can view more items at a glance, in order of most to least urgent.Automatically Generate Voyage Profit-Share Invoice Numbers
Invoice numbers are now automatically generated on the voyage Profit Share Distribution form.Avoid Duplicate Invoice Numbers within the Same Accounting Period
IMOS can be configured to check for duplicate invoice numbers either for all time or within the same accounting period; this is useful if you have counterparties who reuse the same invoice numbering sequence each year.In Laytime Calculations, Configure How Overlapping Deduction Periods Are Handled
On the Laytime Calculation form, to help you avoid overlapping Deduction periods that may skew results, a yellow warning triangle icon appears. When you click the icon, a pop-up message shows which Deductions periods overlap. Alternatively, you can configure IMOS to allow Deduction periods to overlap; they will not be double-counted in Laytime Calculations.Sync Time Charter Notices with Estimated or Projected/Actual Delivery and Redelivery Dates
On the Time Charter form, the Notice tab enables you to set up notices to counterparties about vessel delivery and redelivery. A new drop-down menu enables you to Sync all Notice Dates with estimated, projected/actual, or no dates; this new functionality replaces the Update based on Proj. Date button.Analyze Trading Profit and Loss by Line of Business
Requires the Trading module
On the Trading P&L Summary, you can now group trades by LOB.Filter the Create Freight Invoices List by BL Date without Hiding Cargo Handling Records
When filtering the Create Freight Invoices list by BL Date, all cargo handling records still appear, even if a BL Date has not been entered. Records without a BL Date appear in order of Arrival Date.
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Key features and enhancements:
In Tasks and Alerts, Create Save-Preventing Errors and Dynamic Start/Due Dates
You can now create Alerts that prevent users from saving a form until they have corrected the error. Additionally, when creating rules-based Tasks for Voyages, Estimates, Time Charters, and Cargoes, you can dynamically set Start and Due Dates based on date fields (for example, based on Voyage Commence Date). To avoid dates landing on nonworking days, you can set an option to have them fall on the previous or next business day.Follow a New Requirement-Driven Bunker Workflow
IMOS now supports requirement-driven bunker procurement, in which you can change operational quantities (Opr Qty) on your bunker plan until a requirement is confirmed. After that, Opr Qty automatically calculates as the sum of confirmed Bunker Requirements until you have actual liftings, at which point the Opr Qty becomes the sum of the bunkers lifted.In Cargo Matching, Match Best Vessels and View Last Five Cargoes
Requires the Cargo Matching module
You can match the best vessel for the cargo in the Cargo List. An Estimate Worksheet is created, with an Estimate for the vessel with the highest profit that can meet the cargo laycan, as long as it will not trigger any error Alerts. The Estimate appears on the Vessel Schedule. You can also now add a new column to the Vessel Position List (Last 5 Cargoes) that lists the last five cargoes loaded by the vessel, to make sure the next planned cargo is compatible.Select/Deselect All in Profit Share Distribution
Requires the Pooling module
On the Profit Share Distribution form, a new check box column header enables you to select or deselect all Profit Share Details lines at once. This makes it easier to quickly select the items for which you want to make payments.Record the Percentages of MTBE, FAME, and ETBE in Cargoes Handled.
When configuration flag Enable MTBE Tracking is enabled, three new check boxes appear on the Cargo Name form: MTBE (methyl tert-butyl ether), FAME (fatty acid methyl esters), and ETBE (ethyl tert-butyl ether). For each check box selected, the Cargo Handling form includes a corresponding column where a percentage value can be recorded.
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Do Even More with Rules-Based Tasks and Alerts
With Tasks and Alerts, you can now create Task & Alert Rule Sets that apply to Cargo Names and Address Book entries, automatically update the status of a Task when the conditions of its Task & Alert Rule/s are no longer met, and dynamically name Tasks using custom expressions.Manage Estimated Owner’s Expenses in Time Charter (TC) Contracts
You can now include Estimated Owner’s Expense line items in any Time Charter Payment. IMOS automatically reduces the estimated owner’s expense balance per Bill Code when actual owner’s expenses are rebilled. The Estimated Owner’s Expense Summary Report shows the expense amounts billed in advance and the current balance for each Bill Code.Copy Voyage to Estimate
You can now copy a voyage to create a fully functional Voyage Estimate with key voyage data. You might use it to evaluate operational what-if scenarios or to create similar voyages.Flexibly Manage Pool Operations with Pooling Enhancements
Requires the Pooling module
The IMOS Pooling Distribution function now allows options to include/exclude off-hire days in the calculation of daily management fees. Pool Cash Distribution now allows manual adjustments to system-calculated cash allocation. It has become more efficient to report on and analyze incremental pool distribution by periods in the Report Designer.Automate Bareboat Contract Management in the Time Charter Manager
A number of improvements have been made in the Bareboat functionality within Time Charter Manager. On the Bareboat Manager, the hire-payment function now automatically invoices for any discrepancy between the Rate and Act Rate columns in the Miscellaneous items grid. Better support is provided for the From GMT/To GMT date columns in the same Miscellaneous items grid – these dates are now used in calculating amounts due, and default values are provided. Additionally, Bareboat and Long Term Bareboat have been added as available Contract Type selections on the Time Charter form. Also, Bareboat expenses are now included in Vessel Expenses in the Voyage Estimate.
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Entity-Based Dynamic Alerts
You can now create Task & Alert Rule Sets that apply to Vessel or Port information. This new functionality enables you to easily generate the same Alerts across multiple Voyage Estimate, Time Charter (TC), and Voyage Manager forms.Flexible Hire Periods in TC Contracts
A new configuration is now available allowing component Hire Rates with specific accounting codes in overlapping periods of TC In/Out contracts.More Robust Management of Bareboat Expenses, Commissions, and P&L
Manage Bareboat Commissions via the same workflow used for TC contracts.
Define Supplemental Contract Expenses in the Operations Ledger.
Configure Bareboat Miscellaneous Expenses to be treated as either Running Costs (default) or Voyage Expenses.
Faster, More User-Friendly Lists
Bunker Lifting, TC Lifting Options, TC Purchase Options, and Master Contract lists now load faster due to performance enhancements. In the Create Invoices and Edit Invoices lists, use new date filters to drill down to relevant data.
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Simplified FOB Laytime Calculation
When setting up FOB Laytime Calculations, you can now import Port Activities from a Voyage Template. This saves time by eliminating the need to manually enter Port Activities.
Auto-Posting Configuration for Disbursements Integration
Requires a Disbursements Interface
It is now possible to independently control whether or not to automatically post the Disbursement Invoices arriving through DA interface, based on DA types and Approval/Remittance statuses.Various Reporting Enhancements
The Report Designer includes many new fields and joins. For example, you can now create a one-to-many join between Estimate Cargoes and Extra Freight Terms as well as run reports on Advance Payments. A complete list of available fields and joins is available in the Data Map.
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As your business grows and your processes change, you can customize where and how your team manages Tasks. On the Task form, the Object Type field enables you to configure a Task to appear on the Tasks & Alerts panel of a specific form or be globally available in the Task List.
Create or open a Task.
In the Object Type field, select one of the following and then, if applicable, enter information for the form where you want the Task to appear:
Global
Cargo: Enter the Cargo ID.
Time Charter: Enter the TC Code.
Voyage: Enter the Vessel Name/Code and Voy No.
Voyage Estimate: Enter the Estimate ID.
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The following task management enhancements are also included in IMOS v7.11, from the latest IMOS v7.10.1541 Maintenance Release:
In the Tasks & Alerts panel, to update the Status of a Task, do any of the following:
To mark the Task as Completed, double-click its icon.
Right-click the Task and then click In Progress or Complete.
Select multiple tasks, click
, and then click Complete, Mark In Progress, or Cancel Tasks.
You can also update the Status of one or more Tasks from the Task List or My Task List.
Manage Complex FOB/Delivered Cargo Workflows
IMOS v7.11 offers new features related to FOB/Delivered Cargoes. For example, using the new FOB Voyage form, you can create a Laytime Calculation for multiple FOB/Delivered Cargoes:
Create an FOB/Delivered Cargo: On the Cargo Other Info tab, select the FOB/Delivered Cargo check box.
On the Cargo Itinerary/Options tab, do the following:
Enter the Cargo/Cargo Group.
Create an itinerary with at least one Load and one Discharge Port that include Quantity and Supplier or Receiver information.
Note: Configuration flag Enable Cargo Itinerary Supplier Receiver must be enabled.
Saving the Cargo form creates an FOB Voyage. To view the FOB Voyage, on the Cargo Other Info tab, click the Voyage field name link.
To add other FOB Cargoes to the same voyage, click
.To rearrange Cargo Handling lines, change Port Call numbers and then click
.To specify that multiple FOB Cargoes are handled on the same port call, give them the same Port Call number.
To create a Laytime Calculation for the FOB Voyage you just created, on the Cargo Other Info tab, click
.You can assign a Laytime Claim Type to the calculation (for example, Customer Claim or Owner Claim), for more detailed reporting.
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For LNG Carriers (Vessel Type L), you can now incorporate the following data points into performance calculations and reporting:
On the Warranty tab of a Time Charter contract, record the warranted fuel consumption applicable to loading and discharging operations.
On the Extra Information for Report form:
Record Pilot Flame consumption on DFDE/TFDE LNG vessels.
Select the Forced Boil-Off check box to include Forced Boil-Off in performance calculations.