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.
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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:
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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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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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