Laytime
In a voyage, in order to perform a Laytime calculation you need to follow the below steps:
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this guide, we will go through the steps to create a Laytime calculation.
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Click the Revenue section on the voyage screen to access the financials module. Once the financials module screen is loaded, click Demurrage at the top.
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In the demurrage screen, you can manually enter the events/port activities on each port log
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, which is time-consuming and prone to errors, or you can click the three-bar menu
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at the top right
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to import the port logs.
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Click Import port logs to see the port logs available for import. These are based on the SOF submitted
by the vessel.
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Once the SOF has been imported, you can manually edit
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and update it
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. You
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can set
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the date/time
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and define
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whether this activity
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starts, ends, or suspends Laytime.
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Once the events section is defined, the system calculates the total Laytime in days and provides the demurrage time after the Allowed Time is deducted.
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In the example above, we have used the demurrage rate of $150,00.00. This will be multiplied by the demurrage rate/day, and the total demurrage cost will be $110,000.00.
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Total Demurrage without any manual adjustments.
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In the Deductions sections, we can add any form of deduction with the start, end time and percentage of deduction. In this example, the description is
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At last, click on the save button and select “Save calculation & Revenue
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Weather, we have populated the start and end dates/times, and the percentage has been set to 100%. Once the above is entered, the laytime calculation and the demurrage amount will change accordingly.
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Once the Laytime calculations have been finalised, we can click on the save icon. This gives us two options.
Save Calculation: only save the current calculation
Save Calculations & Revenue: saves the calculation based on the populated figures and includes the calculated Laytime to the revenue section of the financials module.
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The financials screen displays a demurrage of $150,000.00. We can now click Add under the invoice section to create an invoice for this amount.