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Term | Description | Example |
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Claim ID | Reference number for claim (auto-generated in MAF Cloud) | 63237 |
Deal No./Shipping No. | Reference number from the company, which links to related physical trades (buy and sell) and ship chartering | 123 |
Contract No. | Contract number of physical trade or ship chartering | 2019ABC12345 |
Pairing | Property of claim to help user monitor the correct number of claims: Back-to-Back: 2 pairing claims should be shown in the Demurrage table, with 1 being 'payable' and the other being 'receivable'. If there is only 1 claim, it is unusual and requires investigation. If it is stock, will only have 1 claim. If it is owner claim, there should be at least 3 claims - 1 from shipping owner and 2 to counterparties. So with this value, it will be easier for user to monitor their claims and prevent any claims from being missed out. | Back-to-Back Stock In/Out |
OPS Performance | Indicator for tracking Operations team's data entry timing | Late On Time |
Group | Company (MAF Cloud user)'s trading group(s), if any | G2 |
Type of Claims | Type of claim that either of the parties involved are claiming for | Demurrage, Deviation, Deslopping costs |
Vessel | Name of vessel | Vessel 1 |
CP/BL Date | CP Date: Charter Party Date BL Date: Bill of Lading Date | 2020-03-06 |
Company Name (Claimee) | Name of company ('To' Company ABC) eg to Ship Owner Company; Owner; Payable *Please note that this item will switch with "Claimer" if data is input via MAF Link | ABC Pte Ltd |
Freight Beneficiary Name | Name of freight beneficiary | ABC Pte Ltd |
Company Type | Owner: Ship Owner Counterparty: The other party involved | Counterparty |
Claimer | Name of company ('From' Company XYZ) *Please note that this item will switch with "Company Name (Claimee)" if data is input via MAF Link | XYZ Pte Ltd |
Timebar Reference Date | Timebar Start Date | Hose Off/BL Date 2020-03-06 |
Notification No. of Days | No. of days after Timebar Reference Date that timebar will expire | 15 |
Notification Timebar Date | Last day to issue notification/send claim to claimee | 2020-03-27 |
Upcoming Notification Timebar | Number of days (from Today) until Notification Timebar Date is due | 10 |
Full Claim No. of Days | No. of days after Timebar Reference Date that full claim must be made | 20 |
Full Claim Timebar Date | Last day to make full payment of claims to claimee | 2020-03-27 |
Claim Date | The day the claim is made | 2020-03-20 |
Outstanding Days | Outstanding claim days from today's date to Claim Date | 7 |
Currency | Settlement currency of claim | USD |
Initial Amount | Initial amount payable/receivable | 100,000 |
Final Amount | Final amount payable/receivable | 150,000 |
Value Date | Payment Date | 2020-03-20 |
Payable/Receivable | Payable: Billed amount is payable Receivable: Billed amount is receivable *Please note that this item will switch with one another if data is input via MAF Link | Payment |
Status | Status of the claim | Pending |
Broker | Name of broker | ABC |
Ports | Loading or discharge port | Singapore |
Remarks | Any additional comments | - |
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Demurrage Calculations → General Information
Term | Description | |
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Deal No./Shipping No. | Reference number from the company, which links to related physical trades (buy and sell) and shipping chartering | 123456 |
Contract No. | Contract number of physical trade or ship chartering | 111111 |
Group | Company (MAF Cloud user)'s trading group(s), if any | G2 |
Status | Status of the claim | Pending |
Currency | Settlement currency of claim | USD |
Initial Amount | Initial amount payable/receivable | 100,000 |
Final Amount | Final amount payable/receivable | 150,000 |
Payable/Receivable | Payable: Billed amount is payable Receivable: Billed amount is receivable *Please note that this item will switch with one another if data is input via MAF Link | Payable Receivable |
Company Name (Claimee) | Name of company ('To' Company ABC) eg to Ship Owner Company; Owner; Payable *Please note that this item will switch with "Claimer" if data is input via MAF Link | ABC Pte Ltd |
Company Type | Owner: Ship Owner Counterparty: The other party involved | Counterparty |
CP or BL Date | CP Date: Charter Party Date BL Date: Bill of Lading Date | 2020-03-06 |
Pairing | Property of claim to help user monitor the correct number of claims: Back-to-Back: 2 pairing claims should be shown in the Demurrage table, with 1 being 'payable' and the other being 'receivable'. If there is only 1 claim, it is unusual and requires investigation. If it is stock, will only have 1 claim. If it is owner claim, there should be at least 3 claims - 1 from shipping owner and 2 to counterparties. So with this value, it will be easier for user to monitor their claims and prevent any claims from being missed out. | Back-to-Back Stock In/Out |
Vessel | Name of vessel | Vessel 1 |
Broker | Name of broker | ABC |
Inco Terms | Set of internationally recognised rules which define the responsibilities of the buyers and sellers | FOB CFR CIF |
Allowed Laytime (Hrs) | Amount of time allowed in a voyage charter for the loading and unloading of cargo. Used to off-set from Total Gross Laytime Used to reduce overall costs | 72 |
Demurrage Rate (PDPR) | Amount of fee charged per day for laytime on demurrage | 10,000 |
Cargo Quantity | Quantity of cargo | 1,000 |
Unit | Unit of cargo | Barrels |
Discount (%) | 10 | |
Address Commission (%) | Commission payable by the shipowner to the charterer, a form of reimbursement to the charterer for any costs incurred relating to the chartering of the vessel | 2% |
Cargo Qty (under Proration) | Cargo quantity in ship (owned by charterer) | 10,000 |
Total Cargo Qty or SDWT (under Proration) | Total cargo quantity or full capacity of ship | 100,000 |
Proration Mode | Prorated on Time on Demurrage or Total Gross Laytime Used based on ratio of Cargo Qty and Total Cargo Qty or SDWT | Time on Demurrage |
Ratio (%) | Cargo Qty * 100 / Total Cargo Qty or SDWT | 10% |
Internal Comments | Comments that can be viewed internally only and not reflected in the Demurrage Reports |
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Demurrage Calculations → Calculation Information
Term | Description | Example |
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Port Details | LoadPort: Port of Loading DisPort: Port of Discharge | LoadPort |
Name of Port | Singapore | |
No. of Berth | ||
Laycan Start | Earliest time of laycan period | 2019-12-24 00:00 |
Laycan End | End time of laycan period at which laytime can commence, beyond which the charterer can opt to cancel the charter | 2019-12-30 12:00 |
NOR | Time at which the ship arrived at the port and delivered Notice of Readiness (for loading/unloading) | 2019-12-25 00:55 |
Anchor Aweigh | Time at which the ship began moving into the port | 2019-12-27 00:55 |
All Fast | Time at which the ship is completely moored (secured) in port | 2019-12-27 03:55 |
Hose Off | Time at which loading/unloading is completed | 2019-12-28 12:30 |
Escalation Rate (PDPR) | Increment on demurrage rate per day claimed by ship owner pursuant to the ‘stop and wait’ clause on extra time taken | 3,000 |
Escalation Time (Hrs) | Maximum allowed time for ship owner to 'stop and wait'. Used to off-set from Net Laytime Hrs to reduce overall costs | 168 |
Allowed Laytime Balance (Hrs) | Amount of time allowed in a voyage charter for the loading and unloading of cargo. Used to off-set from Net Laytime Hrs to reduce overall costs | 10 |
Document on Board (DOB) | Time at which shipping documents are finalised | 2019-12-28 14:00 |
DOB Allowance (Hrs) | Time allowed between Hose Off and Document on Board in hours (before charges are incurred) | 6 |
Laytime Start Time Formula Type | Berth Time: Time at which the ship is berthed in port Min of Nego Time vs Berth Time: Negotiated time or berth time, whichever is earlier | 2019-12-28 12:30 |
Nego Time | Valid NOR: Time at which the ship arrived at the port and delivered Notice of Readiness (for loading/unloading) Valid Laycan Start: Earliest time of laycan period | 2019-12-28 14:00 |
Extension | Time allowed from Valid NOR in hours (before charges are incurred) | 6 |
Berth Time | All Fast: Date when the ship is completely moored in port Commencement of Loading: Date when loading of goods commences Commencement of Discharge: Date when discharge of goods commences | All Fast |
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