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Requires the Trading & Risk module. Configuration flag CFGEnableVesselValuation must be enabled, and you must have the Vessel ValuationModule Right selected, under Quick Links in Trading. |
The Vessel Valuation form enables you to compare any number of vessels against a benchmark vessel, across a Matrix of Voyage Estimates, to determine each vessel's appropriate Ratio % (correlation) value.
The workflow is as follows:
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Adding an Estimate
Click the Add Estimates button.
Click the Search button.
Select an estimate from the list.
Click OK.
Select a vessel.
Add another vessel to your comparison.
Review the bunker fuel type displayed for each vessel.
Type a bunker price.
Click Calculate.
Click the lower tabs to assess each estimate in the calculation.
Click the Save button to save this vessel calculation.
Associating Voyage Estimates with a Matrix
If Vessel Valuation is enabled, at the bottom of Voyage Estimate Column view, a Matrix field appears:
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A Matrix is a collection of Voyage Estimates to be used in Vessel Valuation calculations.
To associate a Voyage Estimate with a Matrix, do one of the following:
Enter the name of a new Matrix and then click outside of the Matrix field. When prompted, click Yes. Then, save the Voyage Estimate.
Select an existing Matrix from the drop-down menu. Then, save the Voyage Estimate.
Running Vessel Valuation
To access the Vessel Valuation form, do one of the following:
In the Trading module center , under Quick Links, click Vessel Valuation.
On the Voyage Estimate Column view menu
, click Vessel Valuation.
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To run a calculation:
Select a Matrix of Voyage Estimates, against which you want to value vessels.
In the Vessel grid:
In the first row, add the benchmark vessel.
In subsequent rows, add the vessel(s) you want to compare with the benchmark vessel.
Ballast and Laden Speeds (Bal/Lad Spd) automatically populate based on the Vessel Consumption tab, but you can edit them.
If the Vessel Type has Restrict Speeds selected, you can select available speeds from a drop-down menu.
Optionally, in the Component grid:
Enter Hire and Bunkers Rates to use in TCE calculation.
For each Rate, select a calculation Method:
Flat Rate: Applies the Rate entered to all Estimates.
Weighted: Applies each Estimate's Ratio% to the Rate entered.
Click . Results populate on the right side of the form.
Ratio % = Vessel TCE / Benchmark Vessel TCE
The bottom rows show Days, TCE, and Ratio % averaged across all Voyage Estimates in the Matrix.
Applying Ratio % to a Time Charter
After running Vessel Valuation, to apply a vessel's Ratio % to a Time Charter, on the TC In or TC Out Exposure tab, enter the value in the Vessel Type Correlation field.
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