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You can link Bunker Swaps to voyages in IMOS, to show the gain or loss when a Bunker Swap is used to hedge against bunker exposure of contracts.
Linking Bunker Swaps to Contracts
On the Cargo form Exposure tab, or on the Time Charter Out Bunker Swaps tab, in the Linked Bunker Swaps table, specify the Bunker Swap lots (per month). Only those that are not linked to any other contract can be selected. They can be linked at any point in the contract, before or after scheduling.
After a Bunker Swap is linked to a scheduled Cargo or TCO, it is no longer considered as exposed in the Trading P&L, because it is included in the P&L of the contract.
Bunker Swaps in the Voyage Manager and Accruals
- You can see all the linked trades on the Bunker Swaps tab of the Bunkers form. To access a Bunker Swap, right-click its line and click View Bunker Swap.
- When a voyage has a linked Bunker Swap, a Bunker Swaps item is added to the Expenses section of the Voyage P&L, under Bunkers. In this section, the trades are displayed per their lots, and the commission amounts are broken down as well. The Accruals for this item are calculated on the gross Bunker Swaps amount. To accommodate the Bunker Swaps Accruals, add the following IMOS On-Prem - Business Rules:
- MACR:IS-BUNKERSWAPPL - Bunker Swaps - Accruals Income Statement
- MACR:BS-BUNKERSWAPPL - Bunker Swaps - Accruals Balance Sheet
Trade and Commission Settlements
If a Bunker Swap was linked to a voyage, creating a new Settlement/Settlement Commission Invoice for that trade is automatically assigned to the vessel/voyage, and after posting, it appears in the Voyage P&L.
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