VMS - How do I input Cargo Relet?

You have a cargo contract agreement to carry cargo for a charterer for a Freight Rate: $10/mt. At the same time, you choose to get a ShipOwner/Operator to carry this cargo on your behalf for a profit (Freight Rate: $11/mt). This means you are not operating the voyage but instead acting as a charterer.

Adding Vessel

You could either manually create a new vessel in the Vessel Register for this Cargo Relet. Or you could add a new Vessel to the Vessel Register via the Q88 Database.

Adding via Q88 Database

1. Hover the cursor over the ‘red box’ to show the ‘+’ icon. Click in and search for a spot-in vessel on the Q88 database.

   1. Not required to add a vessel under Vessel Register if the vessel can be found on the Q88 Database.

   2. The added vessel is reflected in the Vessel Register automatically. Please note that no bunker consumption data is added to this Vessel Register. We are not required to capture Bunker Consumption for Cargo Relet voyages.

   3. If unable to locate the vessel, the user must create it in the Vessel Register. See the following steps.

Adding via Vessel Register

Refer to Vessel Register to see how you can create a new Vessel. Take note to leave the Bunker Consumption data blank. We are not required to capture Bunker Consumption for Cargo Relet voyages.

Bunker Consumption

2. There is no need to input the starting Bunker quantity. It should reflect 0 for ROBs, and vessel consumption should be 0.

Freight

3. Input the freight revenue accordingly (Negative revenue as a Freight Expense- Freight Purchase, and Positive revenue as Freight Revenue)