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IMOS - TC In Hire Statement

🔑  This is a Key Topic, with high value for all users.

The Hire Statement for a Time Charter In lists all the amounts invoiced or paid; you can make a payment from it. You can also view reports.

To view the TC In Hire Statement, do one of the following:

If you have bunker adjustment lines due to offhire, the offhire time period information is included in those lines.

On a Time Charter In Hire Statement:

  • To select Invoiced or Paid items, click the radio button at the bottom.

  • To make a payment, click 



To view a report, click 

 and then click a report name. You can view three reports that show Hire information in slightly different ways:

  • Hire Statement: Includes all the details of the contract so far: Gross Hire, Hire Commissions, Bunker Values, Owner's Expenses, Other Adjustments, and Payments. It also lists any inconsistent items. At the end of the contract, a charterer might send the owner the Hire Statement, showing the balance. It is a calculation of what should have been billed until the last invoice date.

    • On a Hire Statement Report for bunker costs, the text refers to the entities as Charterer and Owner.

    • Configuration flag CFGTcItemsFlag enables you to print out, as both Outstanding Items and Inconsistent Items, certain TC items, including Rebill, ILOHC, and INTHC.

  • Statement of Accounts or Statement of Accounts (Detailed): Using the same categories, shows if outstanding amounts are to be paid/received over a period in the TC that has already been invoiced/billed. The period is from the From Date of the first hire/bill to the To date of the last hire/bill. The report calculates the amounts due to the owner/charterer basis the TC In/Out fixture terms and deducts the amounts invoiced or paid/received. A charterer might send this along with each payment. When this report is selected, the SoA Setup form appears, and uninvoiced items can be selected for inclusion.

  • SoA Recap: Includes all invoiced items according to the corresponding categories. All invoices appear in the Payment section, including Pending invoices. The balance in the report is the balance of the Estimated Expenses entered into this contract.


When CFGEnableMultiCurrencyTCContracts is enabled, the hire statement can output reports in the different currencies used in the time charter contract it is associated with. The line item amounts in these reports will reflect the exchange rate of the currency selected. The reports will also filter information from the TC to only show the items relevant to the selected currency. The filtering mechanism works differently depending on the line item type:

  • Invoices - Only invoices specified in the selected hire statement currency are shown in the hire statement reports. 

  • Hire, commissions, and CVEs - These items will only appear in hire statement reports when specified in the currency selected in the hire statement.

    • Note that percentage-based commissions, which do not require a currency to be specified, will appear in hire statement reports for all currency options. 

  • Rebillables - A rebillable will initially only appear in a hire statement report generated using the TC contract currency. After the rebillable has been invoiced in a particular currency, it will only appear in hire statement reports generated for the currency it was invoiced in.

  • Bunkers - Like rebillables, bunkers will also initially only appear in hire statement reports generated using the TC contract currency. After being invoiced in a particular currency, the bunker will only appear in hire statement reports generated for the currency it was invoiced in.

    • Note that bunkers can be specified in a non-base currency under special configurations. In hire statement reports, the bunker line item amount will be calculated to reflect the exchange rate between the bunker currency and the selected hire statement currency. 

  • Offhire - Percentage-based offhire will be shown in hire statement reports for every currency containing hire. Lumpsum and daily rate offhire are only shown in hire statement reports when selected currency matches the TC contract currency. 

Related Configuration Flags



TC Use Proj Redel Date

Uses the Proj/Act Redelivery date on the Hire Statement rather than the Est Redelivery date.

Bank Select on Hire Statement

Enables bank selection when generating TC In, TC Out, and Bareboat Hire Statement reports.

Enable Detailed Hire Statement

Makes a Statement of Accounts (Detailed) option available in TC Hire Statement reports. Details of invoices related to the TC are exported to an XML file but not displayed in the UI.

Show Offhire as Adjustment in TC Reports

When enabled, the full delay details are displayed in the adjustment section of the Hire Statement.

Show Offhire details on Hire Statement and SOA


When enabled, will show offhire-related items in detail on the Hire Statement and SOA.

TC Items Flag

Controls which billable items from the TC will appear on the Hire Statement report, even if not included in an invoice. This flag is a bitflag, meaning that each option has a value, and summing up those values allows for different combinations.

  • 0 = Default functionality.

  • 1 = In Lieu of Hold Cleaning (ILOHC) items will appear, even if not already included in an invoice.

  • 2 = Intermediate Hold Cleaning (INTHC) items will appear, even if not already included in an invoice.

  • 4 = Rebillable items (e.g., Owner's Expenses) will appear, even if not already included in an invoice.

Possible bitflag combinations:

  • 3 = Both ILOHC and INTHC will appear.

  • 5 = Both ILOHC and Rebillable items will appear.

  • 6 = Both INTHC and Rebillable items will appear.

  • 7 = ILOHC, INTHC, and Rebillable items will appear.

Allocate TCI Hire to Voyage

When enabled, voyage number is required for all hire-related lines in TC In; block incremental payment completely. See Allocating Period Cost to Voyages.

Def Voyage No to TCO Bill

For TCO Bills, line items will have the voyage # pulled through the payment screen and the subsequent Transaction Data Entry form when posting. If set to Y, then by design, the Voy column on the TC In Payment or Billing form defaults to the corresponding voyage per line item. You can set the Voy column to zero or any existing voyage number to make changes. This works with multiple voyages linked to a contract.

Def Voyage No to TCI Pay

Auto-assigns the voyage number to a TC In payment.

Enable Multi-Currency TCs


When enabled, Time Charter contracts now support hires with different currencies. This flag is incompatible with CFGUseTCInvoiceExchangeRateInVoyPNL.

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