Adjustment Percentage: If Market Hire Rate = 1,000/day, and % = 70, new Hire Rate = 700 (70% of 1,000)
Lumpsum Offset: If Market Hire Rate = 1,000/day, and Lumpsum Offset = 70, new Hire Rate = 1,070/day
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Related Config Configuration Flags
CFGCMSIADataTag
Controls the XML element used to get the index value for market data feeds. Possible tag values:
TimeCharterSettlement
TimeCharterAverage
CFGFixIndexLinkedHirePricingPeriod
When enabled, index-linked hire rate is calculated for pricing periods predetermined by hire start time and period length. Pricing periods should not be affected by individual invoicing periods. This configuration should only be enabled when CFGEnableGeneralUnpricedComponent is Y.