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For vessel owners and operators fixing spot business, creating a Voyage Estimate and then scheduling a voyage is a common workflow. In this case, the spot Cargo details are first entered in the Voyage Estimate as a tool for calculating and negotiating freight. As the deal progresses, the Voyage Estimate can be updated to be a highly accurate representation of a potential Voyage P&L before finally fixing the business and scheduling a voyage.

Cargo or VC In

For a cargo owner/vessel charterer, creating a Cargo or VC In contract (which can be from a COA) and then scheduling the voyage is a common workflow. Optionally, you can create a Voyage Estimate before scheduling. It can also be used for operators who may have forward fixtures, particularly if your business has many COAs. Finally, for clients who use the Trading and Risk Management module, it is common to create your Voyage Estimate from a Cargo with a linked Benchmark Voyage Estimate.

Time Charter In

For long-term (several years) and period (several months) Time Charter In contracts, creating the TC, adding it to a Voyage Estimate, and then scheduling the voyage is a common workflow. For a long-term TC In, after the TC is created, it is treated like an owned vessel from that point forward. For a period TC In, after the TC is created, it is treated like an owned vessel until the point of redelivery, at which point the Chartering team must consider redelivery conditions like bunker quantity and port.

Time Charter Out

For clients who are fixing their vessels on TC Out on long term basis with minimal ballasting, creating a Time Charter Out contract and then scheduling a voyage is a common workflow. Optionally, you can create a Voyage Estimate before scheduling.

Time Charter Out Estimate

For clients who may be fixing on trip or period basis with a ballast leg, creating a TC Out Estimate and then scheduling a voyage is a common workflow.