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  1. Enable configuration flag CFGEnableFuelNeutralCOA. When enabled:
    • The following fields appear in the IMOS - Voyage Estimate Cargoes grid:
      • Fixed Percentage: The percentage of base freight rate or lumpsum that is not subject to CPI adjustment.
      • Base CPI: Base Consumer Price Index value used by the Estimate.
    • A new menu option, Auto Calculate Fuel/Variable Base Freight appears on the Voyage Estimate menu and is selected by default for any new Benchmark Estimate. This option must be selected to create Fuel-Neutral Cargo COAs.
    • Two columns are added to the Fuel/Lube Types form: ExtFrtTerm(F) and ExtFrtTerm(L). Using these columns, you can link Extra Freight Terms with their corresponding fuel types. An Extra Freight Term cannot be linked to more than one Fuel Type.
    • Two fields are added to the Cargo COA: Reference Ballast Port and Reference Reposition Port. These fields are populated from the Voyage Estimate when the Fuel-Neutral COA is created.
  2. Enable configuration flags for the freight-based Extra Freight Term:
    • If using a Variable Rate component, enable CFGVariableBaseRateComponent and specify the value of the flag as the corresponding code of a Rate type Extra Freight Term from the IMOS - Extra Freight Terms form.
    • If using a Variable Lumpsum component, enable CFGVariableBaseLumpsumComponent and specify the value as the corresponding code of a Lumpsum type Extra Freight Term from the IMOS - Extra Freight Terms form.

Set Up Extra Freight Terms

  1. On the IMOS - Extra Freight Terms form, create lines for each Fuel Type you will use in the voyage. 
    1. Create one line per Fuel Type for lumpsum and for rate.
    2. Create a line for freight-based variable lumpsum and variable rate.
  2. On the Fuel/Lube Types form, link these Extra Freight Terms via the Code of their corresponding Fuel Types in the ExtFrtTerm(F) and ExtFrtTerm(L) columns.

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  • There are two components to the calculation of the freight:
    • Base Freight can be broken down into two parts:
      • Fixed Base Freight: The Lumpsum amount specified in the Voyage Estimate Cargoes grid.
      • Variable Base Freight: The Fixed Base Freight (The Lumpsum amount on the Voyage Estimate Cargoes grid) * [(100 - Fixed %) / Fixed %]. For example, if you enter a Lumpsum of 25000 and a fixed percentage of 25, the resulting Variable portion of the Base Freight would be 25 * [(100 - 25) / 25000] = 75000. The Variable Base Freight will appear as an Extra Freight Term defined by configuration flag CFGVariableBaseLumpsumComponent.
    • Fuel Component: The Fuel Component of each Fuel Type = Estimated cost of the fuel type (the value in the Bunker Expenses field in the Voyage Estimate P&L Summary). The Fuel Component of each Fuel Type is an Extra Freight Term as specified on the Fuel/Lube Types form.

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titleRelated Config Flags


CFGEnableFuelNeutralCOA

CFGVariableBaseRateComponent

CFGVariableBaseLumpsumComponent