VMS - Where does VMS derive the ‘Hire’ rate (Running Cost) in Voyage?

The rates obtained from the ‘Hire’ shown in the vessel register. If left blank, VMS takes the rates from the Head Contract if its Financial is set up (Hire Period). The rates obtained from the Head Contract are averaged out for the period.

One thing to note is that the ‘Hire’ rate does not automatically show up in the Estimate. Hence, manual input is required at the Estimate level. (Alternatively, the user could set the default Daily Hire Rate in the Vessel Register.) Upon transferring to the voyage, you may see an exclamation icon stating,' Fix it.’ This is the time to obtain rates from the Vessel’s Head Contract.