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Multiple Demurrage Rates

Configuration flag CFGMultiDemRate enables multiple demurrage rates per Laytime Calculation (not per Cargo contract).You can  enables demurrage rates that change during the time on demurrage. You can create multiple Laytime Calculations that use different Demurrage/Despatch rate tablesDespatch rate Rate tables. If the rate table differs between the load and discharge port, two separate calculations must be created.

You can use this form with Demurrage on Account, which supports incremental invoicing for Demurrage over the life of a voyage for the discharging port.

To set up multiple demurrage rates, right-click a port in a Laytime Calculation and then click Demurrage/Despatch Rates.

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Enter Up to (days)Days and Demurrage and Despatch Rates. Rules for calculating:

  • If this form is populated, the rates entered here supersede whatever is entered in the port line for the entire laytime.
  • If only one demurrage rate Demurrage Rate is defined, it is used for the whole period.
  • If a rate is defined with the highest Up to daysDays less than the demurrage time, that rate is used for all extra time.
  • In the example above, the following rates are applied:
    • First 1 day 5 days = $10K$1K/day
    • Next 6 10 days = $20K$2K/day (even though it says up to 2 days; there is no higher amount)
    • Total = $130K

Stepped Demurrage Rates

With Demurrage on Account, Laytime Calculations support Stepped Demurrage Rates. Stepped rates are automatically copied to the next calculation. The following setup is required:

  • Configuration flag CFGEnableDemurrageOnAccount is enabled.
  • Cargo/VC In Pricing Tab:
    • Demurrage On Account is selected.
    • Billing Days have been entered.
    • Demurrage On Account Basis has been selected (Defaults to Demurrage Days).
    • Reversible is selected.
  • New Laytime Calculation Setup:
    • Reversible is selected (default when selected on the Cargo).
    • All ports are selected and included in the Laytime Calculation.
  • Laytime Calculation:
    • On Account is selected.

Add stepped rates to a Laytime Calculation before importing Port Activities. In the first on account calculation, right-click a port in a Laytime Calculation and click Demurrage/Despatch Rates.

When you save a subsequent calculation, stepped rates are automatically copied from the previous calculation.

...

    • Next 15 days and beyond = $3K/day