Multiple Demurrage Rates
Configuration flag CFGMultiDemRate enables multiple demurrage rates per Laytime Calculation (not per Cargo contract).
You can create multiple Laytime Calculations that use different Demurrage/Despatch rate tables. If the rate table differs between the load and discharge port, two separate calculations must be created.
To set up multiple demurrage rates, right-click a port in a Laytime Calculation and then click Demurrage/Despatch Rates.
Enter Up to (days) and Demurrage and Despatch Rates. Rules for calculating:
- If this form is populated, the rates entered here supersede whatever is entered in the port line for the entire laytime.
- If only one demurrage rate is defined, it is used for the whole period.
- If a rate is defined with the highest Up to days less than the demurrage time, that rate is used for all extra time.
In the example above:- First 1 day = $10K/day
- Next 6 days = $20K/day (even though it says up to 2 days; there is no higher amount)
- Total = $130K
Stepped Demurrage Rates
With Demurrage on Account, Laytime Calculations support Stepped Demurrage Rates. Stepped rates are automatically copied to the next calculation. The following setup is required:
- Configuration flag CFGEnableDemurrageOnAccount is enabled.
- Cargo/VC In Pricing Tab:
- Demurrage On Account is selected.
- Billing Days have been entered.
- Demurrage On Account Basis has been selected (Defaults to Demurrage Days).
- Reversible is selected.
- New Laytime Calculation Setup:
- Reversible is selected (default when selected on the Cargo).
- All ports are selected and included in the Laytime Calculation.
- Laytime Calculation:
- On Account is selected.
Add stepped rates to a Laytime Calculation before importing Port Activities. In the first on account calculation, right-click a port in a Laytime Calculation and click Demurrage/Despatch Rates.
When you save a subsequent calculation, stepped rates are automatically copied from the previous calculation.
With a series of on-account calculations, editing the stepped rates in the most recent calculation will recalculate the demurrage for all periods, but previous calculations are not affected. Invoiced amounts from previous calculations are deducted from the newly calculated total demurrage amount.