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Name
TCO Bunker Adjustment
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Description
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Adjustment for bunker price/qty difference. Recognizes gain or loss on purchase/sale of bunkers during TCO. |
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Use Case
The default system setting of configuration flag CFGTCOBunkerAdj is N (disabled). If it is disabled, there will be no TCO bunker adjustment values.
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When generating Voyage Period Journals, there will be an extra journal, TCO Bunker Adjustment. The calculated price difference can be set to be linked to a P&L-affecting account (expense account), thus allocating (debit/credit) money from your bunker inventory asset account to recognize gain/loss from TCO delivery bunker prices.
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Will this adjustment value go away when the same amount and price of bunkers are redelivered for the TCO contract?
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