The Head Contract may required for several reasons.

1. To reflect Daily Hire Expenses in Estimate (Voyage) when generating an Estimate. We can at the same time consider this as a Time Charter In Contract as well

2. To keep track of past/transferred voyages, Delivery, and Redel info operated under the same Head Fixture at 3.0 Voyages

3. Keep track of all Offhires under the same Head Fixture at 4.0 Offhire

4. To use the Invoicing feature at 5.0 Financial

Creating of Head Fixture is not compulsory. If managing of Time Charter In and Hire Payment is to be handled outside of VMS system, there may not be a strong reason to rely on Head Contract feature.

1.0 Creating Head Contract

2.0 Contract

3.0 Voyages

4.0 Offhire

5.0 Financial

Refer to TC Invoicing

6.0 Linking Head Contract to Estimate/Voyage

--To be continued--