Q88 - Voyage Estimator | Veson Help Center

Accessing the Voyage Estimator

In the sidebar menu, navigate to Tools → Voyage Estimator.

How to Use the Voyage Estimator

See the table for details about each section of the Voyage Estimator.

Vessel	You can choose from a predefined list of vessel types, each with its own corresponding routing profile an consumption rates. Please note that these defaults can be easily overridden to tailor your estimate to your specific needs.
Description	Give your estimate a name.
Hire	Hire In rate or Operating Cost/Break-even point. The Hire rate is used in the voyage PnL calculation.
Offhire	Anticipated number of offhire days. These days are deducted from the voyage duration when calculating its TCE.

Results Section

The top row (highlighted in red): displays the current results for the voyage.
The bottom row (highlighted in yellow): displays the variances as you make changes to the estimate in either green/red fonts.
+/- link: provides access to the Sensitivity Analysis tool and a “Clear” link that clears out the bottom (variances) row.

Revenue	Total revenues for the estimated voyage based on the details entered in the Revenue section.
Comm	(Commissions) Is the total commissions to be paid as calculated based on the Revenues and the Commission % entered in the Cargo section.
Port	Total Port Expenses as indicated in the Legs section.
Bunkers	Estimated total Bunker Expenses, the details of this calculation can be found in the Bunkers section.
Expense	Total estimated Miscellaneous Expenses (other than Port and Bunkers) based on the details entered in the Revenue section.
Days	Duration of the estimated voyage. New estimates default to 4 days as the port calls for Loading and Discharging are defaulted to 2 days each.
TCE	Time Charter Equivalent is calculated based on the rest of the information in the estimated voyage.
PnL:	Estimated voyage profit and loss calculated based on the Hire Rate for the vessel and the TCE obtained.
Efficiency:	Ballast to Laden ratio expressed as the percentage of the voyage representing the laden passage. You can click on the value to expand all the details in the calculation:

Note: The efficiency is fully calculated based on the information from the estimate. However, you can change the calculation by adding or subtracting time from either the Ballast or Laden calculations using the corresponding ∆ field.

Fixture Section

See the table for details about the Fixture section.

Fixture #	Allows you to enter a reference number for the cargo.
Cargo Grade	Pulldown of generic cargo grades.
Quantity (mt)	Intended Cargo quantity expressed in metric tons (see also Revenue Qty).
Commissions (%)	Total commissions percentage. Includes any Address, Broker, Co-broker and Agency commissions involved in the estimated voyage.
Charterer	Pulldown of charterers for the cargo.
Broker	Pulldown of brokers for the cargo.
Laycan (L/C)	Range of laydays dates. These dates are used for estimating waiting time on the first load port, when the vessel arrives early.

Itinerary Section

See the table for details about the Itinerary section.

General	Use the Add link (bottom left corner) to add new lines. Use the drag-and-drop functionality to reorder your list of port calls. Click on the down arrow located to the left of legs to remove lines (arrow will appear by hovering your mouse).
Port	Pulldown of ports.
Activity	Pulldown with the main activity type in the port. Options are Load, Discharge, Canal and Idle/Intermediate. Note: port activity affects estimated bunker consumption.
Cost	Estimated port cost.
Days	Estimated port days, which may include waiting laycan time. Click on the value to edit the calculation details.
Speed	Enter the estimated average sea passage speed. You may type any speed, but you can see the nearest speed/consumption rate used for bunker calculation by hovering over the value.
Speed Link	Click on the Speed link to open up the Bunker module in the Vessel Profile section. See the Bunkers section for more details.
Wx	Click on the Wx link to enter the Weather days. Number of extra days added to the sea passage time.
Distance	Distance obtained from AtoBviaC from the previous leg’s port to this leg’s port. Note: You can click on the distance value to edit the details, including ECA/Non-ECA miles.
Arrive	Estimated arrival time.
Depart	Estimated departure time.
Psg	Sea passage time from the previous leg to the current leg.
Fuel ROBs	Estimated departure ROBs for each fuel type.
Start Port	The first port drives all the dates and bunker ROBs for the estimate. Once you select the port name, double click anywhere in that leg to open up the Start Port screen where you can configure your starting details.

Port	Select your starting port.
Start	Enter the date/time of when your voyage commence. Note: The GMT Offset will be displayed by the system.
Previous Voyage	As your estimate will not be connected to any other voyages, we recommend entering N/A.
Bunker ROBs	Enter the initial Bunker ROBs by price layer. The system will use a FIFO calculation for the bunker consumption.

Port

Select your starting port.

Start

Enter the date/time of when your voyage commence.

Note: The GMT Offset will be displayed by the system.

Previous Voyage

As your estimate will not be connected to any other voyages, we recommend entering N/A.

Bunker ROBs

Enter the initial Bunker ROBs by price layer. The system will use a FIFO calculation for the bunker consumption.

Revenues/Expenses Section

See the table for details about the Revenues/Expenses section.

General:	Use the Add link to add new lines at the bottom of the list and the drag-and-drop function to reorder your list of revenues/expenses. Additionally, you can use the down arrow by hovering your mouser on the left side of the revenue/expense to remove lines.
Revenue Type:	Pulldown of standard revenues.
WS:	Estimated WordScale percentage quoted for the cargo. Keep this field blank if your revenue is calculated as $/MT or not WS-based.
Qty:	Estimated Quantity. Keep this field blank if your revenue is a lumpsum item. Note: Changing the Cargo Quantity does not automatically affect this field.
Rate:	Rate used in the revenue calculation.
Comm:	Select ON if commissions are applicable, OFF if it is not.
Total:	Total revenue amount calculated based on the previous fields.
Expense Type:	Pulldown of standard voyage expenses.
Amount:	Expense amount or daily rate (for daily expenses).
Daily:	Select ON if expense is calculated daily for the duration of the voyage, OFF if it is not.

Bunkers Section

See the table for details about the Bunkers section.

Refill Price	Price at which any missing bunkers will be calculated.
Price	Weighted average price per MT of estimated bunker consumption.
Price Link
Cons	Estimated consumption quantity.
Bunkers Link	Open up the Bunkers module to access consumption details (Refer to the details below).

See the table for details about the Bunker Details Consumption section.

General	A list of ports selected in the estimation itinerary section. For each port and fuel grade, the details will be displayed on how the consumption of those bunkers is estimated.
Regulation	Pulldown of available regulations to apply to the preceding sea passage and port time. Regulations for each port are maintained by Q88 LLC and defaulted accordingly. So typically it would not require the users to change the defaulted value. Note: N/A is the option for no regulation being applied.
Heat %	Percentage of sea passage time and port time consumption for heating should be estimated.
Clean Days	Number of days for which cleaning consumption should be estimated.
Inert Days	Number of days for which inert consumption should be estimated.
Passage ∆	Allows for manual manipulation of estimated consumption during the preceding sea passage. Use positive or negative values representing the number of MT consumed.
Port ∆	Allows for manual manipulation of estimated consumption during the port call. Use positive or negative values representing the number of MT consumed.

See the table for details about the Bunker Details Profile section.

General	The left panel lists the ballast/laden speed and consumption rates to be used when estimating bunker consumption. Note: The highlighted sections indicate the currently selected speeds. The right panel displays the automated speed/consumption analysis tool. Records are sorted by highest TCE, and you can set speeds in the estimate by selecting any of the entries.
Profile	Each vessel profile is a set of speed/condition and consumption rates. These values are set by Q88 LLC and can not be changed by the users. The Profile pulldown gives options for selecting a High/Medium/Low consuming vessel that gives flexibility to the users to select the most appropriate profile for the estimate they are running.

General

The left panel lists the ballast/laden speed and consumption rates to be used when estimating bunker consumption.

Note: The highlighted sections indicate the currently selected speeds.

The right panel displays the automated speed/consumption analysis tool. Records are sorted by highest TCE, and you can set speeds in the estimate by selecting any of the entries.

Profile

Each vessel profile is a set of speed/condition and consumption rates.

These values are set by Q88 LLC and can not be changed by the users.

The Profile pulldown gives options for selecting a High/Medium/Low consuming vessel that gives flexibility to the users to select the most appropriate profile for the estimate they are running.

See the table for details about the Bunker Details Prices section.

General	Left panel show the FIFO (First In, First Out) bunker calculation. First few records show the starting inventory. Next set of records show the Refill prices used for pricing missing inventory (read more below). The third set of records show for each fuel grade, the quantity estimated to be consumed and its weighted average price. The final set of records show the ending inventory price layers for each fuel grade. The right panel shows bunker prices from Ship & Bunker which is updated daily. You can access the S&B website by clicking on the Ship & Bunker logo. Tooltips on the region/average name gives details about how it is calculated.
Refill	Pricing for any missing inventory required to complete the voyage estimated. These prices are updated regularly from the Ship & Bunker feed. Users can just type in any price they wish to apply in their estimation.

General

Left panel show the FIFO (First In, First Out) bunker calculation.

First few records show the starting inventory.
Next set of records show the Refill prices used for pricing missing inventory (read more below).
The third set of records show for each fuel grade, the quantity estimated to be consumed and its weighted average price.
The final set of records show the ending inventory price layers for each fuel grade.

The right panel shows bunker prices from Ship & Bunker which is updated daily. You can access the S&B website by clicking on the Ship & Bunker logo.

Tooltips on the region/average name gives details about how it is calculated.

Refill

Pricing for any missing inventory required to complete the voyage estimated. These prices are updated regularly from the Ship & Bunker feed. Users can just type in any price they wish to apply in their estimation.