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IMOS - Demurrage on Account
The Veson IMOS Platform is the market-leading cloud solution for commercial marine freight and fleet management.
Demurrage on Account allows partial demurrage invoices to be sent during a period, reducing the risk of large outstanding amounts. Each invoice is supported by an individual Laytime Calculation for the period invoiced. An incremental calculation creates a Final Demurrage Invoice by calculating demurrage for the entire voyage and subtracting the amounts already invoiced. This feature is intended to be used for contracts with billing of Demurrage on Account applied to all cargo handling ports for any cargoes included in the laytime calculation. It is not intended to apply to an isolated port.
The Demurrage on Account workflow is as follows:
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