🔑 This is a Key Topic, with high value for all users.
The Hire Statement for a Time Charter In lists all invoiced and paid amounts, and you can make a payment directly from it. You can also view related reports from this form:
To view the TC In Hire Statement, do one of the following:
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Click Hire Statement on the Time Charter In.
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On the Operations menu … → under Time Charter In → click Hire Statement.
If you have bunker adjustment lines due to offhire, those lines include the offhire time period information.
Before creating a TC payment, enter bunker prices to ensure accurate calculation of bunker-related costs and offhire bunkers.
For offhire calculations, if no price is specified in the Delays form and the Bunkers tab within the Time Charter contract, the offhire bunker line is not displayed. When bunker prices are provided in the Delays tab, those values are used to determine the offhire bunker.
On a Time Charter In Hire Statement:
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To select Invoiced or Paid items, click the radio button at the bottom.
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To make a payment, click Make Payment.
Reports
To view a report, click 
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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 may send the owner the Hire Statement showing the balance. It is a calculation of what has been billed through the last invoice date.
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On a Hire Statement Report for bunker costs, the text refers to the entities as Charterer and Owner.
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Configuration flag CFGTcItemsFlag enables you to print out, as both Outstanding Items and Inconsistent Items, certain TC items, including Rebill, ILOHC, and INTHC.
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Statement of Account: Use this report to determine whether any outstanding amounts remain to be paid or received over a defined billing period for a Time Charter (TC) that has already been invoiced.
Key Characteristics
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The reporting period is defined from the From Date of the first hire or bill to the To Date of the last hire or bill.
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The system calculates the net amount due to or from the Owner/Charterer based on the TC In/Out fixture terms, then deducts any amounts already invoiced, paid, or received.
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When you run the report, the SoA Setup form allows you to optionally include uninvoiced items for visibility.
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Offhire value is derived from the TC contract.
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Delivery or Redelivery bunker values are pulled directly from the TC contract.
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The CVEs (victualling period) is based on the Projected/Actual GMT fields on the TC contract.
The Proj or Act GMT field on the TC Out contract must be populated before running the Hire Statement or Statement of Account. If this field is blank, the Hire Statement and SoA will calculate an incorrect number of hire days. The SoA Recap is not affected, as it uses the contract Start Date.
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SoA Recap: Provides a comprehensive summary of all invoiced items under a Time Charter (TC) contract, including those in both Posted and Pending status. It categorizes and displays the invoice data for clear reconciliation and tracking.
Key Characteristics
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Displays a detailed breakdown of all posted and pending invoices within the contract.
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Uses the Start Date from the TC contract and the latest Period To date from the hire invoices to define the reporting range.
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In Hire invoice, the recap reflects the actual billed days (for example, an invoice covering 27 days will include all 27 days in the recap).
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The balance shown is calculated based on the Estimated Expenses configured in the TC contract. The SoA Recap provides a snapshot of invoiced activity and is a valuable tool for reconciling projected versus actual expenses.
If discrepancies arise between the Statement of Account (SoA) and the SoA Recap, they are often due to differences in how bunker values are sourced (contract vs. invoice) or variations in date logic.
Multi-Currency
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 reflect the exchange rate of the currency selected. The reports also filter information from the TC to show the items relevant to the selected currency. The filtering mechanism works differently depending on the line item type:
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Invoices — Only invoices specified in the selected hire statement currency are shown in the hire statement reports.
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Hire, commissions, and CVEs — These items appear in hire statement reports only when specified in the currency selected in the hire statement.
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Note that percentage-based commissions, which do not require a currency to be specified, will appear in hire statement reports for all currency options.
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Rebillables — A rebillable initially appears only in a hire statement report generated using the TC contract currency. After the rebillable is invoiced in a particular currency, it appears only in the hire statement reports generated for the currency it was invoiced in.
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Bunkers — As with rebillables, bunkers also initially appear only in hire statement reports generated using the TC contract currency. After being invoiced in a particular currency, the bunker appears only in hire statement reports generated for the currency it was invoiced in.
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Note that bunkers can be specified in a non-base currency under special configurations. In hire statement reports, the bunker line item amount reflects the exchange rate between the bunker currency and the selected hire statement currency.
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Offhire — Percentage-based offhire is shown in hire statement reports for every currency containing hire. Lumpsum and daily rate offhire are shown in hire statement reports only when the selected currency matches the TC contract currency.