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On a Time Charter, you can view and create Time Charter Commission Payments.

TC Commission Payment

The TC Commission Payment form lists Time Charter Commission Invoices.

Do one of the following:

• On the Time Charter In or Time Charter Out, click Commission and then click TC In Commission or TC Out Commission.

• On the Operations menu , under Time Charter In or Time Charter Out, click Commissions.

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• To view a Time Charter Commission Payment, select a Vessel from the selection list.

• To create a new Time Charter Commission Payment, click +.

• To view previous Time Charter Commission Payments, right-click a line and then click Details.

Time Charter Commission Payment

The Time Charter Commission Payment form is used to enter details from an invoice received from a broker for a Time Charter In payment. It verifies that the information is correct and consistent with the commission structure established in the Time Charter and allows you to record payment.

To make a payment, do one of the following:

• On the TC Commission Payment form, click +.

• Create the invoice in Financials, on the Time Charter Invoice List.

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• Any existing payments appear.

• Select the C check box on each detail line to pay those commissions.

  • To select or clear all lines, use the buttons at the bottom of the list.

  • You can issue a By Period payment after a regular Commission Payment.

  • The commission amount is derived from the commission rate set in the contract. 

  • Items unselected while issuing a By Period payment will still be available to be included in a future payment