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IMOS On-Prem - Equipment Spot Contract Payments
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Note: Requires the Barging module.
For Equipment Spot Contract Payments:
- You are creating your payment to the owner.
- There is no advance payment option.
- There is no bunker payment option.
- There is generally only a single payment against each Spot contract.
Making a Payment
To make a payment:
- Do one of the following:
- On the Equipment Contract, click .
- On the Voyage Manager toolbar, click , hover over Make Equipment Payment, and then click the Contract ID for the equipment you want to create a payment for.
- In the Operations module center , under Time Charter In, click Equipment Contract Payment. Then, enter the Contract ID.
- Specify an Invoice Number.
- To add rows to the Hire Payment form using the Item Select form, click .
- Select any applicable check boxes and any items to be rebilled and then click OK.
- Click  to save the Hire Payment.
Freight Calculation
Freight charges are calculated differently for Spot In and Spot Out contracts.
- Spot In: The amounts due are calculated based on the rows in the Activity Log Equip In/Out tab whose Contract IDs match the Contract ID of the Equipment Spot In Contract.
- Spot Out: Spot Out billing is done on an individual voyage basis. Spot Out Contracts are back-created when the voyage is created from a Cargo.
- The amount due for equipment is calculated based on the amount of time the equipment was used.
- For M&R periods, the equipment is treated as Off Hire and is not billed to the charterer.
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