IMOS - Demurrage/Despatch Rates

You can create multiple Laytime Calculations that use different Demurrage/Despatch Rate tables. If the rate table differs between the load and discharge port, you must create two separate calculations.

You can use this form with Demurrage on Account, which supports incremental invoicing for demurrage over the life of a voyage for the discharge port.

Setup

To set up multiple Demurrage Rates, right-click a port in a Laytime Calculation and then click Demurrage/Despatch Rates.

Enter Days and Demurrage and Despatch Rates.

Rules for calculating:

• If this form is populated, the rates entered here supersede whatever is entered in the port line for the entire laytime.

• If only one Demurrage Rate is defined, it is used for the whole period.

• If a rate is defined with the highest Days less than the demurrage time, that rate is used for all extra time.

• In the example above, the following rates are applied:

  • First 5 days = $1,000/day

  • Next 10 days = $2,000/day

  • Next 15 days and beyond = $3,000/day

• Demurrage/despatch amount for the calculation is calculated for each port individually based on this setup and summed up.

• Based on this setup and the balance days at the port, the average demurrage/despatch rate for each port is displayed in the Dem Rate/D and Des Rate/D columns in the Laytime Calculation's itinerary grid accordingly.

For example:

• The calculation has the load port New York, with 7 demurrage days balance, and the discharge port Boston, with 17 demurrage days balance.

• The demurrage amount for the calculation, based on the example setup above, is calculated as follows:

  • New York demurrage amount: 5 x 1,000 + 2 x 2,000 = $9,000

  • Boston demurrage amount: 5 x 1,000 + 10 x 2,000 + 2 x 3,000 = $31,000

  • Total demurrage for the calculation is $40,000.