Add Unavailable Start and End Days on TC

CFGUnavailableStartAndEndDaysOnTC

When enabled, two new columns appear in the Unavailable Days grid in the Exposure tab of the Time Charter Contract form. These fields allow you to capture specific start and end days for unavailable days.

Enable TCO Period Journal
CFGEnableTCOPeriodJournal

When enabled, TCO Hire Bills that are posted during a given period will be allocated down to the voyages in the period through journal entries generated during the Voyage Period Journal process. This will better account for a TC Out contract that has multiple voyages in a period and remove the allocation to the first voyage of the full posted amount.

When this flag is enabled, CFGDefVoyNoToTcoBill should be set to N. This functionality is not compatible with the Model B workflow.

Add Exchange Date to TCIP and TCOB Forms
CFGAddExchDatetoTCIPandTCOBForms

When enabled, a new Exchange Rate Date column will be added to the Time Charter In Payment and Time Charter Out Bill details grid, allowing you to capture a unique exchange rate date for each line item and apply a different exchange rate to each line item. The Exchange Rate Date will flow down to the Transaction Data Entry form on posting to the matching details line item.

Use Company Lob Trade Area Hierarchy
CFGUseCompanyLobTradeAreaHierarchy

Sets up a hierarchy between Company, LOB, and Trade Area on several forms.

Clear Company Lob on Copy
CFGClearCompanyLobOnCopy

Clears the Company, LOB, and Department values when copying a Voyage Fixture or contract.

Default TC Status
CFGDefaultTCStatus

Sets the default status of Time Charter contracts.

Bill by Natural Month
CFGBillByNaturalMonth

Always ends the monthly Billing Period at the 1st of the next month, so every next invoice period is a complete month; otherwise, the Billing Period is always a complete month from the delivery date.

Use Absolute Min Max on TC
CFGUseAbsoluteMinMaxOnTC

Uses the Less Days and More Days values for Min and Max Duration.

Enable TC Operations Coordinator
CFGEnableTCOpsCoordinator

Adds an Ops Coordinator field.

Enable TC Chtr Specialist
CFGEnableTCChtrSpecialist

Adds a Chtr Specialist field. The value will be copied to the TCO Contract when fixing a TCO Estimate.

TC Joint Venture
CFGTcJointVenture

Adds a Profit Sharing button to the toolbar to enable entering Owner Profit Share details manually in both TCI and TCO. These profit-sharing items will be included in the Time Charter Invoices.

Enable TC Write Off
CFGEnableTCWriteOff

Adds a Write Off field to the Hire Table in Time Charter In and Time Charter Out contracts. The Write Off amount is automatically added to the Hire on the invoice and is subject to the different commissions and Off Hire.

Default TC Comm Payment Method
CFGDefaultTCCommPaymentMethod

Sets a default Payment Method for brokers.

Check Redel Bunker Vs Hire
CFGCheckRedelBnkVsHire

Enables Alerts for partial bunker deductions, to make sure charterers can collect the value of redelivered bunkers.

• On the Item Select form, the Bunkers On Redelivery items are only highlighted in yellow  when the value of the contractual redelivery bunkers meets/exceeds the net hire left in the contract. The calculation of this date is based on the Period To value in the Time Charter invoice.

• A validation warning is added to the voyage, which appears for Last TCI/TCO Voyages with end quantities that are different than the Estimated Redelivery quantities in the linked Time Charter contract.

• Bunkers Cost on Redelivery line items (Quantity and Amount) are editable.

• An Unpriced Bunkers informational check box appears on the Bunkers tab.

Exclude TC Consumption from Bunker Calcs
CFGExcludeTcConsFromBunkerCalcs

When enabled, the operations bunker calculations use the consumption rates from the Vessel form instead of those specified in a Time Charter. This can be used for performance at the end of the charter.

Enable Vessel Bunker Grade
CFGEnableVesselBunkerGrade

Specifies the Fuel Grade in a G (Grade) column on the Vessel or Time Charter In/Out form, which defaults the value on the Bunker Requirement; it can be overridden but is required for Confirmed status.

Enable TCO Bunker on Owner
CFGEnableTcoBunkerOnOwner

Adds an Owner's Account check box on the TC Out Bunkers Tab.

• When cleared, only ballast bunkers appear.

• Selecting this check box specifies that all bunkers consumed during this TC Out are on the owner's account. There will be no bunker sales to the charterer at delivery and no bunker purchases from the charterer at redelivery. Any bunkers lifted during the TC Out voyage will be on the owner's account, and bunker invoices must be paid by the owner, just like in an Own Voyage (OV).

Also, when this check box is selected, the Rebillable check box can be selected, which causes the Bunker Consumption in the voyage P&L to be net zero by adding a Rebill line for the Bunkers Consumption. This amount can be billed in the Time Charter Out Bill.

Always Show TCO Bunker Adjustment
CFGAlwaysShowTCOBunkerAdj

Causes TC Out Bunker Redelivery Adjustments to be calculated regardless of the status of the linked TC Out Fixture.

Enable Contract Mirroring
CFGEnableContractMirroring

Enables the following types of intercompany contracts to be mirrored: Cargo COA, VC In COA, Cargo, VC In, Time Charter In, Time Charter Out, and FFA/Option/Bunker Swap Trade. When a contract of one of these types is created with internal counterparties, a mirrored contract is automatically created from the opposite perspective, so that users from both legal entities can manage the contract and include it in both their operational planning and their trading exposure and P&L.

• When both CFGEnableContractMirroring and CFGEnableTCInvoiceMirroring are Y, and when a TC contract is mirrored, TCO invoices are mirrored from TCI invoices. Incremental invoice type is unavailable for such mirrored TC invoices.

• If an **OV voyage has cargoes with multiple internal charterers, it can be mirrored with multiple RELT voyages, one for each internal charterer's company.

Flex Hire Periods
CFGFlexHirePeriods

When enabled, it is possible to set overlapping hire Periods with specific accounting Codes on TC contracts. The following changes appear on the TC Pricing tab:

• In the Hire Rate table, a Code column appears. Possible values are blank (default), CAPEX, OPEX, and MISC.

  • Note: The following Business Rules must be set for TC In Payment (TCIP), TC Out Bill (TCOB), and Voyage Daily Cost (VCST):

    • TCIP:OPEX

    • TCIP:CAPEX

    • TCIP:MISC

    • TCOB:OPEX

    • TCOB:CAPEX

    • TCOB:MISC

    • VCST:OPEX

    • VCST:CAPEX

    • VCST:MISC

  • For hire lines with a Code specified, the Code is set as the Subcode and it is used for all relevant Business Rules.

  • To designate a hire line item as noncommissionable, enter a noncommissionable Operations Ledger Code.

• In the Lock column, a new option appears: Overlap. When selected, the From/To values of the line are editable, and it is possible to set this line as overlapping the others. Setting an overlapping line requires a different Code to be set.

• When an overlapping hire line is added, the overlapping Period is accounted for all across the system.

Show Remittance in Cargo
CFGShowRemittanceInCargo

Adds Remittance Bank, Invoice %, Payment Terms, and Balance % fields to the CP Terms Details, Cargo COA, Cargo, VC In COA, and VC In forms. Also adds a Remittance Bank field to Time Charter Other Information. Remittance information flows between these places; for example, fixing an Estimate will transfer the remittance information.

• On a Cargo COA, VC In, or Time Charter Out, changing the Company clears the remittance bank information, as this may change with a change to the Company.

• On a VC In COA or Time Charter In, changing the Owner clears the remittance bank information, as this may change with a change to the Owner.

• A default value for the Remittance Bank for each currency can be selected in the Address Bank Links tab for Cargo COA, Cargo, and Time Charter Out (Other Information) contracts, but it can be changed later.

Enable Voyage Roles
CFGEnableVoyageRoles

On the Voyage Properties panel, adds a Users section to set and view the five Key Users of the voyage: Chtr Coord (defaults from Cargo form), Ops Coord, Ops Coord 2, Controller, and FD Manager (Freight and Demurrage Manager).

On a Time Charter, adds a Roles tab to set the Controller and Finance Coordinator.

Default Claim Commission Invoice Setting
CFGDefaultClaimCommissionInvoiceSetting

This flag controls the default setting for broker commissions on Claims by setting the default value of M on TC In, TC Out, Cargo, Cargo COA, VC In, and VC In COA broker grids. Possible values:

• 0 (default): Claims are not commissionable.

• 1: Claim commissions will be invoiced separately.

• 2: Commissions will be deducted from the Claim Invoice.

Enforce Operations Ledger Code Commissionable Property
CFGEnforceOpsLedgerCodeCommissionableProperty

When enabled, the Commissionable setting of an Operations Ledger Code alone determines whether claim and freight adjustment line items are commissionable. When enabled, the commissionable setting cannot be overridden in invoices or per broker.

Enable Commission Sharing
CFGEnableCommissionSharing

When enabled, you can share commissions between internal broker companies. For more information, see Sharing Commissions with Internal Brokers.

Also adds an Internal Counterparty column to the TCO Estimate Broker table.

Enable Broker Rules
CFGEnableBrokerRules

When enabled, Cargo Broker Rules and Time Charter Broker Rules can be defined to add default brokers to contracts.

Also adds Add Default Brokers to the TCO Estimate toolbar to default internal brokers by applicable rules.

Enable Operations LOB
CFGEnableOpsLOB

If enabled, displays an LOB (Line of Business) field on the Address (Type W), Estimate, Voyage Fixture, Voyage, and contract forms.

Enable TC Lease Accounting
CFGEnableTCLeaseAccounting

When enabled, the TC Lease Accounting functionality is available.

TC Default Lease Transition Date
CFGTCDefaultLeaseTransitionDate

Note: CFGEnableTCLeaseAccounting must be set to Y.

The default lease transition date to use for Time Charter contracts.

Fix Index Linked Hire Pricing Period
CFGFixIndexLinkedHirePricingPeriod

When enabled, index-linked hire rate is calculated for pricing periods predetermined by hire start time and period length. Pricing periods should not be affected by individual invoicing periods. This configuration should only be enabled when CFGEnableGeneralUnpricedComponent is Y.

Set Default TC Duration Basis
CFGSetDefaultTCDurationBasis

Sets the default Duration Basis on Time Charter contracts (In and Out) from the following options: Min, Min Excl Option, Mid, and Max.

Use Operations Dates for TCO Duration

CFGUseOpsDatesForTcoDuration

When enabled, if delivery and/or redelivery ports are defined in a TCO voyage, and the TCO Fixture Duration Basis is set to Custom, the TCO revenue for the voyage will be calculated basis the delivery/redelivery dates specified in the voyage itinerary.