You can consider this as a Time Charter In Contract as well. The Head Contract may required for several reasons.

1. To reflect Daily Hire Expenses Instead of manual input into the ‘Hire’ field in Estimate (Voyage) when generating an Estimate. We can at the same time consider this as a Time Charter In Contract as well, with proper setup in Head Contract, the ‘Hire’ field gets automatically reflected with Daily Hire Expenses.

2. To keep track of past/transferred voyages, Delivery, and Redel info operated under the same Head Fixture at 3.0 Voyages

3. Keep track of all Offhires under the same Head Fixture at 4.0 Offhire

4. To use the Invoicing feature at 5.0 Financial

Creating of Head Fixture is not compulsory. If managing of Time Charter In and Hire Payment is to be handled outside of the VMS system, there may not be a strong reason to rely on the Head Contract feature.

1.0 Creating Head Contract

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1. On the Vessel Register, unlock the lock icon

2. Click add and a window opens up shown as above.

2.0 Contract

Parties
Fill in the fields accordingly. ‘Owner’ & ‘Broker’ fields are dropdown lists, where its options are created from the Company Register.

Remarks
The remarks field here can be utilized to input Head Contract Terms for reference purposes.

C/P Done
Fill in C/P and TC#. These fields are free text and do not generate in-running numbers.
Select the Type of charter from the dropdown list.

3.0 Voyages

4.0 Offhire

5.0 Financial

Refer to TC Invoicing

6.0 Linking Head Contract to Estimate/Voyage

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