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1. Do one of the following:
   
   • In the Operations module center , under Time Charter Out, click Time Charter Bill. Select the TC Code.
   • On the IMOS - Time Charter Out, click .
   
2. On the bill, complete the information:
   • Payment Type:
     • Period (default): A regularly scheduled payment for a specific amount 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 Payment Type defaults to Special.
     • Incremental: For an Incremental payment, a sort of reconciliation of accounts is performed. It calculates all amounts due since the beginning of the Time Charter Contract, and subtracts all payments made. It then shows the net difference as the payment due. You can use this payment method once at the end of the Time Charter to ensure the accounts are correct, or use it for every payment.
   • Rate: Thisfield is populated only for the Time Charter Hire lines, with the rate used for each line.
     • When the rate of an index-linked hire line is changed after issuing the invoice (either due to a manually-entered value or new market data), the next issued invoice will include a reversal of the previous invoice/invoices and the current rate will be used for that period.
   • TC Rebill: This field can be used to rebill CVE, Miscellaneous, Voyage, Off Hire, or Port Expenses across Time Charter Contracts for the same vessel.
     
     • When rebilling between two Time Charter contracts with different Company values, the amount is rebilled in the same sign as the original amount. If the two contracts are recorded under the same Company, the rebillable amount has the opposite sign of the original amount.
3. Click  to select line items to add to the bill in the Item Select form.
4. To create an invoice to send, click . The bill appears in the Summary tree on the Time Charter Out. 

   When you issue an invoice for bunker costs, the text refers to the entities as Charterer and Owner. The Item Select form has a separate check box for quantities For Operator’s Account, and with Cost on Delivery selected, any prepurchased quantity will be deducted from the delivery quantity. You can also select Supplement to Delivery.

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