🔑 This is a Key Topic, with high value for all users.
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To view the TC In Hire Statement, do one of the following:
Click 
Image Removed on Click Hire Statement on the Time Charter In.
On the Operations menu 
, under Time Charter In, click Hire Statement.
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To select Invoiced or Paid items, click the radio button at the bottom.
To make a payment, click 
Image RemovedMake Payment.
Reports
To view a report, click 
Image Removed and Report and then click a report name. You can view three reports that show Hire information in slightly different ways:
Hire Statement: Includes all the details of the contract so far: Gross Hire, Hire Commissions, Bunker Values, Owner's Expenses, Other Adjustments, and Payments. It also lists any inconsistent items. At the end of the contract, a charterer might send the owner the Hire Statement, showing the balance. It is a calculation of what should have been billed until the last invoice date.
On a Hire Statement Report for bunker costs, the text refers to the entities as Charterer and Owner.
Configuration flag CFGTcItemsFlag enables you to print out, as both Outstanding Items and Inconsistent Items, certain TC items, including Rebill, ILOHC, and INTHC.
Statement of Accounts or Statement of Accounts (Detailed): Using the same categories, shows if outstanding amounts are to be paid/received over a period in the TC that has already been invoiced/billed. The period is from the From Date of the first hire/bill to the To date of the last hire/bill. The report calculates the amounts due to the owner/charterer basis the TC In/Out fixture terms and deducts the amounts invoiced or paid/received. A charterer might send this along with each payment. When this report is selected, the SoA Setup form appears, and uninvoiced items can be selected for inclusion.
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Image AddedSoA Recap: Includes all invoiced items according to the corresponding categories. All invoices appear in the Payment section, including Pending invoices. The balance in the report is the balance of the Estimated Expenses entered into this contract.
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| title | Related Configuration Flags |
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Name/Flag | Description |
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TC Use Proj Redel Date
CFGTCUseProjRedelDate | Uses the Proj/Act Redelivery date on the Hire Statement rather than the Est Redelivery date. | Bank Select on Hire Statement
CFGBankSelectOnHireStatement | Enables bank selection when generating TC In, TC Out, and Bareboat Hire Statement reports. | Enable Detailed Hire Statement
CFGEnableDetailedHireStatement | Makes a Statement of Accounts (Detailed) option available in TC Hire Statement reports. Details of invoices related to the TC are exported to an XML file but not displayed in the UI. | Show Offhire as Adjustment in TC Reports
CFGShowOffhireAsAdjInTCReports | When enabled, the full delay details are displayed in the adjustment section of the Hire Statement. | Show Offhire details on Hire Statement and SOA CFGShowOffhireDetailsInTCReports | When enabled, will show offhire-related items in detail on the Hire Statement and SOA. | TC Items Flag
CFGTcItemsFlag | Controls which billable items from the TC will appear on the Hire Statement report, even if not included in an invoice. This flag is a bitflag, meaning that each option has a value, and summing up those values allows for different combinations. 0 = Default functionality. 1 = In Lieu of Hold Cleaning (ILOHC) items will appear, even if not already included in an invoice. 2 = Intermediate Hold Cleaning (INTHC) items will appear, even if not already included in an invoice. 4 = Rebillable items (e.g., Owner's Expenses) will appear, even if not already included in an invoice.
Possible bitflag combinations: 3 = Both ILOHC and INTHC will appear. 5 = Both ILOHC and Rebillable items will appear. 6 = Both INTHC and Rebillable items will appear. 7 = ILOHC, INTHC, and Rebillable items will appear.
| Allocate TCI Hire to Voyage
CFGAllocateTciHireToVoy | When enabled, voyage number is required for all hire-related lines in TC In; block incremental payment completely. See Allocating Period Cost to Voyages. | Def Voyage No to TCO Bill
CFGDefVoyNoToTcoBill | For TCO Bills, line items will have the voyage # pulled through the payment screen and the subsequent Transaction Data Entry form when posting. If set to Y, then by design, the Voy column on the TC In Payment or Billing form defaults to the corresponding voyage per line item. You can set the Voy column to zero or any existing voyage number to make changes. This works with multiple voyages linked to a contract. | Def Voyage No to TCI Pay
CFGDefVoyNoToTciPay | Auto-assigns the voyage number to a TC In payment. | Enable Multi-Currency TCs CFGEnableMultiCurrencyTCContracts | When enabled, Time Charter contracts now support hires with different currencies. This flag is incompatible with CFGUseTCInvoiceExchangeRateInVoyPNL. |
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