VIP - Details - Estimate

In Estimate details, you can add more cargoes and/or ports, as well as additional information, such as Miscellaneous Vessel Expenses per day, a Default Weather Factor, and price and consumption information in the Fuel Table. You can also select an Operation Type; some fields change based on the type.

Details view shows the full itinerary with miles and canals added, the commencing and terminating dates, and the financial results. From this view, you can update details for the vessel, fuel consumption and costs, cargoes, and voyage itinerary data, and fine-tune them. Each time you make a change, the TCE (Time Charter Equivalent) and expenses are updated on the P&L.

To open the details of an Estimate from a Worksheet, on its Estimate column, do one of the following:

• Click its ESTIMATE ID.
• On its menu , click Details.

• The Estimates card panel on the left is collapsed by default. Click  to expand it or click  to collapse it again.
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• To share an Estimate, copy its URL and then share it with any users in your organization.
  Note: To view the Estimate, users must be logged in.
• Estimate details are in the center:
  • Estimate information appears in general information, Cargoes, and Itinerary sections. 
  • To view the Estimate on the map, where you can adjust the itinerary, click  at the top right. To return to Estimate details, click .
  • You can access additional tools, forms, and information on the toolbar and workspace panels.
  • When an Alert is entered for a Charterer, a Vessel, or a Port, the field is highlighted in light red.

Toolbar

• Use tools on the toolbar to create, find, save, or delete records.
• : In addition to the  menu commands in column view, you can do the following:
  
  • Import/Export an Estimate.
  • Reorder the Itinerary after changing the Sequence on the Port/Date tab, or alter it to create the Shortest Itinerary.
• : Open the CP Terms Details form to add Cargo.
• : Open the Create New Voyage form. After the voyage is scheduled, a Voyage Fixture is created, and the button changes to .

• : Access Voyage Estimate reports.

• Locking Status: Depending on the status of the Estimate and your Module Rights, whether you can save it. Click the symbol to see a message describing any issues.

  • : The Estimate has not been fixed, and you have rights to save it.

  • : The Estimate has been fixed, but you have rights to save it.

  • : The Estimate was created by someone else, and you do not have rights to save it. (These rights include saving Estimates, Fixed Estimates, Benchmark Estimates, and Estimates created by others, with configuration flag Enable Voyage Estimate User Security enabled.)

Panels

To access additional information in the right panel, click any of the following:

• : P&L
• : Properties
• : Tasks and Alerts
• : Revisions
• : Find Estimate

General Information

This section contains general information about the vessel and voyage.

• Inheriting values:
  • These fields inherit default values from the Vessel form:
    • Vessel DWT
    • Daily Cost
    • Spd Bal/Ldn
    • Opr Type
    • Owned vessel: default is OVOV
    • Voyage Charter or Time Charter vessel: default is TCOV
    • Fuel grades
    • Ballast, Laden, Load, Discharge, and Idle fuel consumption
  • These fields inherit default values from the vessel’s most recent voyage, if one exists:
    • Ballast Port
    • Commencing and Completing dates
    • Commencing port in Itinerary
    • Fuel Price
• TC In Code: If the selected vessel is a Tow, this field will be locked from editing.
• Dly Cost/Hire: The value entered in this field will contribute to Vessel Expenses, shown in the P&L Summary. It will be multiplied by the number of Voyage Days.
• Addr: The value entered here will contribute to the Less Addr Comm field, shown in the P&L Summary. It will be multiplied by the Vessel Expenses. 
• DWF %: Veslink multiplies extra sea days on all voyage legs in the itinerary by this Default Weather Factor, which increases voyage length and expenses related to the length of the voyage.

• Spd Bal/Ldn: You can set these speeds to any value, unless the Restrict Speeds check box is selected for the Vessel Type, which restricts vessel speeds used to those in the Speed Consumption Table on the Vessel form.

• Piracy/ECA Routing: Select an option:

  • Default: Uses the vessel's default routing preferences specified on the Routes tab in the Vessel form.
  • Disabled: Uses the most direct route.
  • Enabled: Reroutes the vessel around the region.

• On the fuel grid:
  • To open the Bunker Planning form, either click  or right-click a line item, and then click Details.
  • If you add planned liftings to the Bunker Planning form with Calculation Method FIFO, Price fields for associated fuel types highlight in yellow. To view the Weighted Average price of all fuel types and details about all Planned Liftings for the voyage, hold your mouse pointer over a Price field.
    

Cargoes Grid

You can add cargoes in one of these ways:

• Enter line items in the Cargoes grid or in the Itinerary grid Cargo tab: Click add new row and then click a field to edit its value.
• Right-click a line item and then click one of the following:
  • Import Cargo: Enter Cargo Search Criteria, click Search, and then select Cargoes to add to the grid.
    • Create Cargo: Create a Cargo from values in the Estimate.
    • Insert New
    • Duplicate Cargo
    • Duplicate Cargo (Inc. Itin): Duplicate a Cargo and include its itinerary.

Freight revenue is calculated in one of these ways, depending on the setting of Bill By in CP Terms/Details:

• If Bill By is set to CP Qty, the freight will always be calculated basis the BL Qty.
• If Bill By is set to Bill Qty, there are two potential calculations:
  • If an itinerary is not defined for the cargo, or if L/D Qty is blank in the itinerary for the cargo, freight will always be calculated basis the CP Qty.
  • If an itinerary is defined for the cargo, and L/D Qty is populated in the itinerary for the cargo, freight will always be calculated basis the BL Qty (L/D Qty).

Complete the remaining fields. 

• For Opt % and Opt Type, see Cargo Tolerance Option Types.
• For T (Freight Type) = W (World Scale), see Worldscale Rates.
• For Operation Type RELT and SPOT, the first column T = contract type:
  • S = Sale (Cargo)
  • P = Purchase (VC In)

Itinerary Grid

You can add ports and information about them. The Itinerary grid has tabs to show different views.

• On all tabs, if the bunkers ROB falls under the safety margin (specified per fuel type for the Vessel), the text in the port line turns red, and the Voyage Validation icon turns red , so you can plan to get more bunkers. To work with bunkers, on the Estimate menu , click Bunker Planning.
• From port lines on most tabs, you can open the Itinerary Details form to enter additional details about the itinerary; right-click and then click Itinerary Details. In an Estimate column, it appears when you select a port.
  
• To adjust ports in the Itinerary, right-click a line item and then click any of the following:
  • Insert Port
  • Delete Port
  • Move Up
  • Move Down
  • Move To:
    
    
    • Select the Port and either Move Before or Move After.

Cargo Tab

The Cargo tab includes information about the cargo for each port.

Exp Details Tab

Configuration flag Enable Cargo Expense Details adds an Exp Details tab to the Itinerary grid.

For companies that typically manage voyages on a discharge-to-discharge basis, but for some contracts are able to charge a netback on the shipping cost, this tab shows cost allocation by leg. Because the netback is on a load-to-load basis, the leg cost allocation is used to accurately calculate the amounts to charge back to the trader.

Draft/Restrictions Tab

The port calls, as on the Cargo tab, with the Max Lift for each berth, based on the vessel, its Deadweight Table, and the API/Specific Gravity of the cargo, as well as the weight of bunkers and everything on the vessel.

• If you have the list of Low Sulfur Community ports loaded into the Veslink database, the Estimate sets low sulfur port days (LS PDays) to be equal to port days (PDays) while in one of these ports (without considering Laytime Terms).
• Low sulfur port days (LS PDays) and low sulfur sea days (LS SDays) will be calculated for ports and routes that fall within an ECA zone.

Charterer Tab

When configuration flag Enable Voyage Estimate Charterer Itinerary is enabled, a Charterer tab appears as the default tab on to the Itinerary grid.

This tab consolidates high value information such as vessels particulars, cargo and routing details, and bunker breakdown information.

Port/Date Tab

The Port/Date tab includes the parameters for each port call that has a function, with one line per cargo, like a cargo itinerary.

Port/Date Group Tab

The Port/Date Group tab is a collapsed view of the Port/ Date view tab, with one line per port, like a vessel itinerary.

• The L/D Qty entered on a Load port will default the same quantity to that cargo's discharge port L/D Qty if the cargo is linked to the ports.
• To lock a Transit port (Port Function P or I) to prevent it from being changed or removed, right-click the line item and then click Lock Transit Port. A locked Transit port has a light blue background in the Itinerary.
• To move a port up or down in the itinerary, right-click the line item and then click Move Up or Move Down.