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The Trading P&L Summary is the main dashboard for most Trading users, forming the core of the Trading module. It is a summary of the overall paper and physical positions and displays all types of contracts: FFA, Bunker Swap, Commodity, Cargo, Cargo Option, Cargo COA, Cargo COA Option, VC In, VC In Option, VC In COA, VC In COA Option, TC In, TC In Option, TC In Min/Max, TC Out, TC Out Option, and TC Out Min/Max.

The Trading P&L Summary gives you a way to mark-to-market each of the positions in your portfolio against the price curve.

To access the Trading P&L Summary, in the Trading module center , under Quick Links, click Trading P&L Summary.

Columns

• Vessel Type
• Contract
• Trade Area
• Index and data for each Period

Filtering

You can select filters to view the data you want and even select various groupings of data. After changing settings, click .

• Date: The Trading P&L Summary includes data from this date forward.
• Snapshot: Select Current for the most up-to-date data with recalculated values, or retrieve a Snapshot from the past two months that includes the data with calculated values as it was at the time the snapshot was taken. For more details on Snapshots, see Trading P&L Snapshots.
• Show: Select check boxes.
  • Exposure Days: Number of exposure days for the Period.
  • Weighted Days: Adjusted, based on:
    • The Weighted Days Correlation specified on the Vessel Types form from the Data Center
    • For TC In Contracts and Head Fixtures, the number of days specified in the Unavailable Days table on the Exposure tab.

  • Exposure Tons: Exposure in tonnage, either the cargo or vessel size.
    
    

     How are Exposure Tons Calculated for TCI?

    • Exposure tons are calculated using the following:
      • TC Vessel Deadweight
      • Region Turnover Ratio (The number of voyages in the region that the ship could be expected to perform over a month; defaults to 1, but can be defined in Trade Areas).
      • TC days in the period
    • Example calculation:
      • 30K MT DWT ship is TCed in for 15 days in a month of 30 days into SE Asia, where 2 voyages are expect to be done in 30 days
      • 30K MT * (15 days TC/30 days in month) * 2 voyages/mo = 30K MT exposure tons
  • Bunker Tons: Exposure to the bunker market, in tonnage. For bunker contracts, this is the contract quantity. For freight contracts, it is the estimated or projected quantity.
  • Bunker Exposure: The unrealized P&L that relates to the exposure on the Bunker Market.
  • Time Charter Exposure: The unrealized P&L that relates to the exposure on the Freight Market.
  • Net Exposure: The sum of Bunker Exposure and TC Exposure.
  • TCE: The TCE of the contract, calculated using the Exposure Days and the market prices.
  • Long TCE: The weighted average of TCE, with the Exposure Days for only the Long positions.
  • Short TCE: The weighted average of TCE, with the Exposure Days for only the Short positions.
  • Contract TCE: The TCE, either the contract TC rate or the calculated TCE using estimated or projected bunker prices from the contract. This is in contrast to the TCE value, where the calculation is done using the market bunker rates.
  • Exposure Count: The number of contracts that have exposure in this period. Next to the count, click the Details link to open the Trade Details List.
  • Fixed: The estimated Voyage P&L for contracts with Fixed status. Exposure is locked in.
  • Sailed: The (estimated) actual Voyage P&L for contracts with Sailed status. Exposure is locked in.
  • Unrealized P&L: The amount that has not been settled.
  • Realized P&L: The amount that has been settled.
  • Net: The sum of Net Exposure plus Fixed and Sailed amounts.
  • Net Count: The number of unsettled contracts for this period. Next to the count, click the Details link to open the Trade Details List.
• Period: Monthly, Quarterly, or Annually.  This sets the size of the time buckets in which the Trading P&L Summary aggregates contracts and related values.
• Profile: Select a Profile to determine the Exposure settings and configurations.
• Filter: Select a Filter from the Trading Filter List.
• Groupings: Select up to three to group together: Contract, Counterparty, Parent Contract, LOB, Short/Long, Strategy, Trade Area, Vessel, Vessel Type, and Vessel Fleet.
  Contract Types are FFA, Bunker Swap, Commodity, Cargo COA, Cargo COA Option, Cargo, Cargo Option, Own Vessel, TC In, TC In Min/Max, TC In Option, TC Out, TC Out Min/Max, TC Out Option, VC In, VC In Option, VC In COA, and VC In COA Option.

Trading P&L Summary Report

To export the current view of the Trading P&L Summary as a report, in the toolbar, click .

Note: An asterisk will appear for periods in the Trading P&L Summary on this report if market data is missing for the associated symbol and period.