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:

Associating Voyage Estimates with a Matrix

If Vessel Valuation is enabled, at the bottom of Voyage Estimate Column view, a Matrix field appears:

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.

To run a calculation:

1. Select a Matrix of Voyage Estimates, against which you want to value vessels.
2. In the Vessel grid:
   1. In the first row, add the benchmark vessel.
   2. In subsequent rows, add the vessel(s) you want to compare with the benchmark vessel.
   3. 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.
3. Optionally, in the Component grid:
   1. Enter Hire and Bunkers Rates to use in TCE calculation.
   2. 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.
        
4. 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.