To set up Pooling, do the following.
1. Create Pools
On the Pools form, create the pools that you want to manage.
2. Assign Vessels to Pools
On the Pool Assignment form, assign vessels to Pools and enter pooling assignment information such as Vessel Points, Pool Entry/Exit Dates, and Management Fees.
3. Update Pool Assignments
Pool assignments are subject to change. When the Vessel Points are revised or the ownership of a vessel is transferred, on the Pool Assignment form, we recommend making the vessel exit from the pool on the day the change happens and then reentering the vessel into the pool on the same day by adding a new line with the same vessel.
In the below example, the Vessel Points for the vessel MV BELISAMA are revised from 90 to 100, effective 01-MAR-2017:
When selecting a vessel on a contract, if no Company has been assigned on the contract, it will default to the Company specified on the vessel.
Enables setting multiple Commission rates for different Pool Vessels and adds Mgt Fee % and Mgt Fee/Day columns to the Pools and Pool Assignment forms.
Handles Pooling Premium Distribution. Premium vessels get special allocations of the profit to the Premium pool, in addition to their share of the profits; the Pooling Distribution calculation takes care of it. For example, a charterer might be charged an Ice Premium for ice-classed vessels, which are specially designed to be able to travel in Arctic waters.
Up to five types of premium can be defined, and a vessel can participate in more than one type.
Adds a PRM Category to the Operations Ledger for defining Premium types. Adds a Premium column to the Pool Assignment form, from which the Premium type can be selected.
For each voyage in the pool, the Operations Ledger code can be selected and a Premium amount entered on the Profit Share form.