Page Comparison

The Pooling Distribution form shows the final result; this page describes how those numbers are calculated. The calculations on this page are based on using configuration flag CFGUsePostedInPooling.

Example Scenario

VIP - Pool Assignment:

• Number of pool Participants: 2 vessels
• Management Fee: $100 per day

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IncomeBP IncomeBP

How the Income Before Pooling is Derived

The Income Before Pooling (Income BP) is derived from the Monthly Accrual Snapshot.

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• MV BELISAMA:
  • Income from January on the Jan 2017 Snapshot = $401,250
  • On-hire days = 27.4132 days
  • Vessel Points = 90
  

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IncomeAP IncomeAP

Formulas for Income After Pooling and On-Hire Days

The example pool has one Pooling Distribution period, for which:

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On-hire days are calculated as: voyage days – off-hire days

How the Income After Pooling is Derived

This formula is used to calculate Income AP based on Income BP:

• For MV AKTAIA: Income AP = ($423,161.02 + $401,249.89) * (30.66667 days * 110) / (30.6667 days * 110 + 27.4132 days * 90) = $476,158.35
• For MV BELISAMA: Income AP = ($423,161.02 + $401,249.89) * (27.4132 days * 90) / (30.6667 days * 110 + 27.4132 days * 90) = $348,252.55

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Note: Eff Start Date and Eff End Date fields have been added to the Pooling Distribution form.

How the Previous Month Adjustments are Incurred and Calculated

The Voyage P&L is dynamic when the vessel is still at sea. The Voyage P&L could be distributed in a past distribution period according to the Voyage P&L accrual snapshot in that particular period, but some voyage expenses and revenues are only incurred and posted in a later distribution period. Under this circumstance, Pooling Distribution captures this change and adds previous month adjustment components into the Pooling Distribution.

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In the following example, where the Income BP changes for a pool vessel MV AKTAIA, you can see how the previous adjustments are calculated.

Example of Previous Month Adjustments Due to Change in Income BP

The voyage MV AKTAIA 1701 commences in January and completes in February:

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The following is a recap of the calculation of January’s distribution, performed above:

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• For MV AKTAIA: Income AP = ($415,364.09 + $401,249.89) * (30.66667 days * 110) / (30.6667 days * 110 + 27.4132 days * 90) = $471,655.23
• For MV BELISAMA: Income AP = ($415,364.09 + $401,249.89) * (27.4132 days * 90) / (30.6667 days * 110 + 27.4132 days * 90) = $344,959.10

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