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Setting Up Address Commission
To set up Address Commission, on the Brokers grid of a TC In or TC Out, complete at least the following fields:
Broker: Enter XADDCOM. XADDCOM is not technically a broker, but rather acts as a placeholder to trigger the ability for the Veson IMOS Platform (
VIPIMOS) to include/calculate Address Commission.
Rate
Type
Payment Method:
Deduct from hire:
VIPIMOS will generate an Address Commission payment in the TC Payment.
Pay Separately and Pay by Counterparty: Address Commission will be accounted for in the Commission section instead of in the TC Payment.
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Creating an Address Commission Payment
To create an Address Commission payment:
The Time Charter Payment form appears. Click .
The Item Select form appears. Do the following:
Select the Address Commission check box.
To save, click OK.
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IMOS will generate Time Charter Hire data and Address Commission (COMAD) based
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on the TC Hire (TCHIR) amount on the Time Charter Payment form.
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