Home > Pooling > Pooling Distribution Calculation Details
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The Pooling Distribution form shows the final result; this page describes how those numbers are calculated. The calculations on this page are based on using configuration flag CFGUsePostedInPooling.
Example Scenario
- Number of pool Participants: 2 vessels
- Management Fee: $100 per day
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The Income Before Pooling (Income BP) is derived from the Monthly Accrual Snapshot.
If After Profit Share is selected for a Pool, its Income BP = Net Voy Profit = Voyage Result – Profit Share.
For the two vessels in the example pool:
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- MV BELISAMA:
- Income from January on the Jan 2017 Snapshot = $401,250
- On-hire days = 27.4132 days
- Vessel Points = 90
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The example pool has one Pooling Distribution period, for which:
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On-hire days are calculated as: voyage days – off-hire days
How the Income After Pooling is Derived
This formula is used to calculate Income AP based on Income BP:
- For MV AKTAIA: Income AP = ($423,161.02 + $401,249.89) * (30.66667 days * 110) / (30.6667 days * 110 + 27.4132 days * 90) = $476,158.35
- For MV BELISAMA: Income AP = ($423,161.02 + $401,249.89) * (27.4132 days * 90) / (30.6667 days * 110 + 27.4132 days * 90) = $348,252.55
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| MV AKTAIA | MV BELISAMA | ||||
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| Data source | Voyage Period | Income BP | Income AP | Income BP | Income AP | ||
Pooling Distribution, as calculated in January | JAN | $423,161.02 | $476,158.35 | $401,249.89 | $348,252.55 | ||
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Note: Eff Start Date and Eff End Date fields have been added to the Pooling Distribution form.
How the Previous Month Adjustments are Incurred and Calculated
The Voyage P&L is dynamic when the vessel is still at sea. The Voyage P&L could be distributed in a past distribution period according to the Voyage P&L accrual snapshot in that particular period, but some voyage expenses and revenues are only incurred and posted in a later distribution period. Under this circumstance, Pooling Distribution captures this change and adds previous month adjustment components into the Pooling Distribution.
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In the following example, where the Income BP changes for a pool vessel MV AKTAIA, you can see how the previous adjustments are calculated.
Example of Previous Month Adjustments Due to Change in Income BP
The voyage MV AKTAIA 1701 commences in January and completes in February:
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To determine the voyage result of January when looking from February, in the Voyage P&L, check the snapshots for Feb 2017 Accruals during the period Jan 2017:
The following is a recap of the calculation of January’s distribution, performed above:
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MV AKTAIA | MV BELISAMA | ||||
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| Data source | Voyage Period | Income BP | Income AP | Income BP | Income AP |
Pooling Distribution, as calculated in January | JAN | $423,161.02 | $476,158.35 | $401,249.89 | $348,252.55 |
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- For MV AKTAIA: Income AP = ($415,364.09 + $401,249.89) * (30.66667 days * 110) / (30.6667 days * 110 + 27.4132 days * 90) = $471,655.23
- For MV BELISAMA: Income AP = ($415,364.09 + $401,249.89) * (27.4132 days * 90) / (30.6667 days * 110 + 27.4132 days * 90) = $344,959.10
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| MV AKTAIA | MV BELISAMA | ||||
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Data source | Voyage Period | Income BP | Income AP | Income BP | Income AP |
Pooling Distribution, as calculated in January | JAN | $423,161.02 | $476,158.35 | $401,249.89 | $348,252.55 |
February Monthly Accrual Snapshot | JAN | $415,364.00 | $471,655.23 | $401,249.89 | $344,959.10 |
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When running the Pooling Distribution for February, in the Pooling Result Distribution grid, right-click a Participant line and then click View payment details. On the Item Select form, line items appear with the Description Result Distribution Adj. for VESSEL NAME, JAN 2017:
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