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The Daily Cost in the Speed Comparison Analysis is an average of the Hire Rate found in the Time Charter contract linked to the Voyage Estimate.

Example :

TCI Hire is $4000 for the first 10 days and $10,000 for the next 10 days.

If the Voyage Estimate commences exactly at the start of the hire period (04/01/17 12:00), then the average Daily Cost will be calculated to be $7,000 for the 20 voyage days.

[(4,000 * 10) + (10,000 * 10)] / 20 = 7,000

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