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In the Estimate, it will pull the hire rates based on the commencement date. The daily hire will be averaged and used The Daily Cost in the Speed Comparison calculationsAnalysis is an average of the Hire Rate found in the Time Charter contract linked to the Voyage Estimate.

Example :

TCI Hire is $4000 for the first 10 days and $10,000 for the next 10 days.

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If the Voyage Estimate commences exactly at the start of the hire period (04/01/17 12:00), then the average daily hire calculated will be $7000 Daily Cost will be calculated to be $7,000 for the 20 voyage days.

The period from and to date of the TC Pricing tab and the commencement date of the Estimate affect the calculation of the daily hire.

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[(4,000 * 10) + (10,000 * 10)] / 20 = 7,000

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