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This is a Key Topic, with high value for all users.
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Walkthrough: Scheduling a Voyage
These breadcrumbs show where you are in the walkthrough. To move to a different section, click its link:
Create a TC Out > Create a Voyage Estimate or Voyage > Hand Off to Operations
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The Time Charter Out is a contract for a vessel from the perspective of the Owner; you are allowing a Charterer the use of your vessel. Hire is paid in advance, and the Billing Period is usually 15 days. The first bill includes the Time Charter hire for the applicable period, plus Gratuities and bunkers. Typically, you sell the entire amount of bunkers upon Delivery of the vessel. When the vessel is Redelivered, you buy back the entire amount, at the price stated on the contract.
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- To create a Time Charter Out, do one of the following:
- In the Chartering or Operations module center , click Time Charter Out.
- On the TC Out List, click and then click New TC Out.
- On the IMOS7 menu, point to New and then click Time Charter Out.
To copy a Time Charter Out, click and then click Copy to TCO. You can also create a Time Charter In by clicking Copy to TCI.
- Enter the required information. This is the same as for the Time Charter In, except for the Charterer field, rather than Owner.
- Enter any additional information, following the Time Charter In instructions.
- To save your changes, click . IMOS creates a Time Charter code.
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- : Add Other Information or comments about a number of aspects of the Time Charter.
- : Add Lifting or Purchase options, if there is an option to extend the contract or to purchase the vessel, and you have to notify the other party by a certain date.
- : Open the TC Out Hire Statement. The Hire Statement for a Time Charter Out lists all the amounts invoiced or received; you can issue a bill from it. You can also view reports.
- : Open the Time Charter Bill form to create Time Charter Bills.
- : View and create Time Charter Commission or Claim Commission Payments or (when config flag CFGEnableBrokerRules is enabled) Add Default Brokers.
- : Schedule a voyage.
- (when config flag CFGEnableContractMirroring is enabled): Open the mirrored TC In.
- : Create a Time Charter Out Estimate.
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