At Kpler, we are committed to providing our users with the most accurate and detailed data to empower your market freight analysis. As part of this commitment,
we are excited to introduce key enhancements to our Voyage Calculator to improve usability and accuracy.
What's New?
The major updates include:
Removal of lump sum commissions and introduction of percentage-based commissions, with default commission rates set at:
Dry: 5%
Liquids: 3.75%
LPG & LNG: 1.25%
New Profit & Loss (P&L) and Net Time Charter Equivalent (TCE) calculations
User Guide
You can now navigate the freight estimation for your voyages leveraging powerful new features available now in the voyage calculator.
How to input and calculate percentage-based commissions
When using the voyage calculator, follow these steps to apply the new percentage-based commissions:
Select calculate cost option. The commission rate field will now appear under the freight section.
Use the default commission rates or enter your own commission rates. The commission will be applied on the Gross Freight.
Example
Let’s go through a simple scenario.
Select your voyage details and input freight cost details.
Assume:
Gross Freight: $400,000
Commission rate: 5%
Click Add Routes.
Outputs:
The commission for this route will be equal to 5% * $400,000 = $20,000
In the route summary section on the right, the commission field has been moved up for better visibility, and labels have been adjusted for clarity.
How is P&L & Net TCE calculated
Profit & Loss (P&L) and Net TCE calculations have been added to the voyage calculator and is calculated as follow: Net Freight - Total Cost.*
* Net Freight = Gross Freight - Commission
* Total Cost = summation of fuel consumption, dues, regulatory costs and miscellaneous costs.
Net TCE is calculated by dividing the P&L over the total voyage duration.
Example
Assume:
Gross Freight = $400,000
Commission Rate = 5%
Total Cost = $200,000
Total Voyage Duration = 10 days
Outputs:
P&L = $400,000 - (5% * $400,000) - $200,000 = $180,000
Net TCE = $180,000 / 10 = $18,000 per day
Support and Questions:
We understand that updates can bring questions. If you need more information or assistance in navigating these enhancements, please do not hesitate to contact us at cs@kpler.com.