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  • To open the form with information from the Voyage Manager:
    • On the Operations menu , under Freight/Demurrage, click Freight Invoice and enter the Vessel Name and Voyage Number. 
    • On the Voyage Manager toolbar, click Image Removed Freight and then click Freight Invoice.
    • Create the invoice in Financials, on the Voyage Invoice List.
  • To open a blank form, on a Freight Invoice, click Image Removed +.

  • Required:
    • Select the Counterparty. Information for the cargo and the Bill of Lading are combined to create the freight calculation.
    • Check that the Status is Actual.
    • Enter the Invoice Date.
    • When you save the form, an Invoice Number is generated.
  • Optional:
    • Contact Name: Specify one of an internal company's contacts. The voyage to which the Freight Invoice relates must have a Company code assigned.
    • Invoice Type:
      • Normal (default): A regularly scheduled payment for a specific period of time, such as every 15 days.
      • Special: A payment outside the regular schedule. Period-based costs, such as the Time Charter Hire, cannot be allocated this way. If the contract has no more Period payments remaining, the Invoice Type defaults to Special.
      • Incremental: A payment for which the accounts are balanced each time based on what has already been paid. It automatically includes an adjustment that shows the previously invoiced amount and the invoice number.
        Note: Configuration  Configuration Flag CFGEnableFinalFreight must be enabled, and users must select Counterparty and Cargo before the Freight Invoice Type can be set.
    • Payment Terms: Specify a Payment Terms code.
    • Due Date: Calculated based on Payment Terms.
    • Invoice Qty: Specify this in the Cargo grid to use an amount that is different from the CP Quantity and the BL Quantity, if your contract does not specify their use.
      Anchor
      Partial Invoice
      Partial Invoice
    • Inv %: To create a partial freight invoice, specify the percentage to pay. The remaining percentage is entered on the next invoice.
    • Freight Commission: To deduct from the invoice, select the Include Commission check box. Otherwise, use the Freight/Relet Commission Payment form to enter and process invoices for brokerage on freight sales and purchases that were not deducted.
    • Bill To check box: Select to send the bill to the broker.
    • Freight Adjustment: Add any relevant information:
      • Commissionable: Set to Y to deduct commission on demurrage/despatch/other additional items.
    • To include additional invoices, such as a Demurrage or Despatch calculation, click Image Removedclick Add Details.


      The additional invoices need to be on Actual status to be included in the Freight Invoice.

      On the Additional Invoices form, you can select additional invoices to include in the freight:
    • Demurrage and Despatch invoices included in the Freight Invoice will be shown with Posted status in the voyage invoices list; the actual posting will be done when the Freight Invoice is posted.
    • When there is more than one load or discharge port, to assign different pricing and create an invoice for each port, use the Top-off or Reverse Top-off check box on the Cargo Pricing tab.
    • To print the invoice, on the Freight Invoice toolbar, click Image Removed Invoice.

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Re-issuing a Freight Invoice

If a recalculation is needed, you can reissue re-issue a normal Freight Invoice that has been posted, using the same invoice percentage.

  1. After posting a normal Freight Invoice, open it.
  2. A Re-issue button appears instead of the Refresh button. Click Image Removed Re-issue. A new Freight Invoice with the same Inv % is created that reverses the previously issued invoice and recalculates the Freight.

Notes:

  • You cannot reissue re-issue an invoice more than once.
  • You cannot reissue cannot re-issue an invoice of type ReissueRe-issue.
  • You cannot reissue cannot re-issue an invoice that was already included in an Incremental invoice.

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Expand
titleRelated Configuration Flags


Name/FlagDescription
Freight Comm Based on Paid Amount
CFGFreightCommBasedOnPaidAmount
  • Bases Freight and Demurrage Commission on the paid amount instead of the actual calculated amount.
  • Prompts to create Commission Invoices upon the payment of the invoice in the Transaction Data Entry, if the adjustments in the invoice are linked to the Cargo.
  • Adds a Deducted from Freight/Demurrage Payment check box to the Commission form. Select it to set the commission amount; the counterparty of the Commission Invoice is set to be the Charterer.
  • Adds a quick search Invoice(s) field below the Broker field to filter the values that appear in the Invoice(s) column in the grid below.
Default Cargo Reference on Freight Invoice
CFGDefaultCargoRefOnFreightInv

Populate the Reference field with the Reference No. from the Cargo form.

Lock Invoice Header
CFGLockInvoiceHeader

Locks editing of the Address, PO Box, and Country fields on the Header form of the Freight Invoice. When disabled, these fields are editable.

Allow Overage as Deadfreight
CFGAllowOverageAsDeadfreight

Adds a new check box on the Pricing tab of Cargo and COA contracts: Overage as Deadfreight. When selected, freight will be billed as follows: All freight up to the BL Qty, including overage, is invoiced at the freight rate. The overage will then be deducted as a credit using the Deadfreight extra freight term rate, percentage, or lumpsum with the description "Reversed deadfreight credit."

Tax on Tax PST
CFGTaxOnTaxPST

Causes PST Tax to consider all items on the invoice as taxable, including other tax lines, rather than applying only to non-tax invoice items.

Use Invoice Date as Exch Rate Date
CFGUseInvDateAsExchRateDate

Causes the default Exchange Rate Date for Freight and Demurrage invoices to be the Invoice Date, rather than the Cargo contract Exchange Rate Date.

Freight Adjustment Require Sub Code
CFGFrtAdjRequireSubCode

If enabled, SubCode must be selected for any Freight Adjustments entered in the Freight Invoice.

Enforce Operations Ledger Code Commissionable Property
CFGEnforceOpsLedgerCodeCommissionableProperty

When enabled, the Commissionable setting of an Operations Ledger Code alone determines whether claim and freight adjustment line items are commissionable. When enabled, the commissionable setting cannot be overridden in invoices or per broker.

Enable Invoice Accrual Percentage
CFGEnableInvoiceAccrualPercentage

When enabled, an Accrual % field appears and can be used to anticipate bad debt on the following receivable invoices: Freight Invoice, Claim Invoice, Time Charter Billing, Voyage Other Revenue, and Voyage Expenses Rebill.

  • Accrual % defaults to blank. Blank is interpreted as 100%. You can manually set Accrual % to any value greater than 0.
  • An Update button appears so that you can modify Accrual % on invoices that are posted; prior to posting, you can save the invoice to update its Accrual %.
  • The Accrual % value has no affect effect on posting; the full invoice amount is always posted.

On the Voyage P&L:

  • Invoices with Accrual % values of 100% or blank are handled normally.

  • Amounts for invoices with Accrual % values other than 100% are split between three lines:

    • The top summary line shows the accrual amount = (original invoice amount × accrual %).

    • If you expand the summary line, the next line shows the original invoice amount.

    • The line below shows Provision for Bad Debt = (original invoice amount − accrual amount).

On Monthly Accruals, for invoices with Accrual % less than or greater than 100, the amount accrued = original invoice amount less provision for bad debt.

Auto Adjust Accrual Percentage
CFGAutoAdjustAccrualPercentage

Applies only when CFGEnableInvoiceAccrualPercentage is enabled; as invoice payments are received, the invoice Accrual % is automatically evaluated and increased when necessary to ensure that the sum of payments is not greater than the accrual amount.

Enable Cargo Booking
CFGEnableCargoBooking

Enables the Cargo Booking form. Also adds a Booking No. field to nonincremental Freight Invoices; after a Counterparty is selected, you can select one booking of that Counterparty on the voyage, so that only those Cargoes are included on the invoice.

Note: The setting of this config flag determines whether the No. of Cargoes in Booking variable is available on the Pricing Rule form:

  • N: Not available
  • Y: Available
Access TDE Form from Operations Invoice
CFGAccessTDEFormFromOpsInvoice

Note: CFGEnableTaxGroup must also be enabled.

When enabled, you can access the Transaction Data Entry form by clicking Image RemovedTDE on the toolbar of receivable Claim, receivable demurrage/despatch, Time Charter Bill, Voyage Other Revenues and Expenses (Types Revenue and Rebillable Expense), Other Revenues And Expenses By Daily Rate (Type Revenue), and Freight Invoice forms, which can be useful for entering multicurrency tax information.

Enable Shuttle Freight Invoicing
CFGEnableShuttleFreightInvoicing

Enables the Shuttle Tanker Workflow and master data forms necessary for freight invoicing of time and bunkers for both the actual voyage and theoretical return legs, most commonly used by shuttle tankers.

Enable Final Freight
CFGEnableFinalFrieghtCFGEnableFinalFreight		Allow setting Type on Freight Invoice to Incremental. Similar to incremental TC Bills and Payments, incremental Freight Invoices credit all previously invoiced items, then creates a final invoice that includes all items. Demurrage or despatch can also be included on incremental Freight Invoices. This flag must be enabled for the Type field to appear.


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