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The Laytime Calculation form offers the ability the to choose when to include laytime in the Voyage P&L. Including laytime in the Voyage P&L is an important decision because demurrage and despatch amounts can have a significant impact on the overall voyage performance. Including demurrage and despatch can also affect month-end closing numbers. Thus, the correct time to include the amount is often a joint decision between the Operations and Accounting teams. Even when included, the Veson IMOS Platform (IMOS) offers functionality to control what percentage of the included amount is accrued at month end and what amount is provisioned as bad debt.

Demurrage and despatch amounts are displayed in the P&L based on factors in each Laytime Calculation. The VIP Veson IMOS Platform contract type, counterparty type, and even selected transaction type affect how the number is displayed in the Voyage P&L. The table below outlines how different Laytime Calculation scenarios are handled from the perspective of the Voyage P&L.

Contract Type (Contract Role)	Laytime Counterparty	Dem/Des	Trans. Type	Bill Source	Amount Sign	P&L Effect
VC-In (Charterer)	Owner	Dem	AP	DEMP	+	-
	Owner	Des	AP	DESP	-	+
	Supplier	Dem	AR	DEMR	+	+
	Supplier*	Dem	AP	DEMP
	Supplier	Des	AP	DESP	-	+
	Supplier	Des	AR	DESR	-	-
	Receiver	Dem	AR	DEMR	+	+
	Receiver*	Dem	AP	DEMP
	Receiver	Des	AP	DESP	-	-
	Receiver	Des	AR	DESR	-	-
Cargo (Owner)	Supplier	Dem	AR	DEMR	+	+
	Supplier*	Dem	AP	DEMP
	Supplier*	Des	AP	DESP
	Supplier	Des	AR	DESR	-	-
	Receiver	Dem	AR	DEMR	+	+
	Receiver*	Dem	AP	DEMP
	Receiver*	Des	AP	DESP
	Receiver	Des	AR	DESR	-	-
	Charterer	Dem	AR	DEMR	+	+
	Charterer	Des	AR	DESR	-	-

*VIP The Veson IMOS Platform does not support including these calculation types in the Voyage P&L. For these scenarios, see FOB/Delivered Cargo.

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