> For the complete documentation index, see [llms.txt](https://docs.dataloy.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.dataloy.com/release-8.29-coming-soon/voyage-management-system/step-by-step-guides/chartering/time-charter-contracts/maintain-time-charter-contracts.md). # Maintain Time Charter Contracts The details of a **Time Charter Contract** (TC) can be viewed and edited under Chartering > Time Charter Contracts module. You can use the different filters in the list of Time Charter Contracts to find the Time Charter Contract you're seeking. ### Main Terms The Main Terms section establishes the foundational identities and settings that govern the contract. | Field | Description | | ----------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------- | | **Company and Business Unit** | Required. The internal company and business unit under which the contract is recorded. Determines the accounting and reporting context for the contract. | | **Charterer** | The party chartering the vessel. | | **Owner** | Required. The vessel owner providing the ship under the TC agreement. | | **Guarantor** | Optional. | | **Vessel Operator** | User which is the Operator of the contracted Vessel | | **Responsible Charterer** | User which is the Resposible Charterer of the contract. | | **CP Date** | The Charter Party date. | | **TC Type** | The type of time charter contract. | | **CP Form** | | | **Bareboat** | Checkbox. When selected, indicates this is a bareboat charter. | *** ### Financial Defaults | Field | Description | | ----------------------------- | -------------------------------------------------------------------------------------------------------------------------------------- | | **Hire Currency** | Required. The currency in which hire payments are denominated. Defaults to USD. | | **Bunkers Currency** | Required. The currency used for bunker cost settlement. Defaults to USD. | | **Address Commission** | The address commission percentage. | | **Broker Commission** | The broker commission percentage payable on hire amounts. Expressed as a percentage. | | **Ballast Bonus** | Expressed in the hire currency. Defaults to 0. | | **ILOHC** | In Lieu of Hold Cleaning — a lump-sum payment made instead of performing hold cleaning. Expressed in the hire currency. Defaults to 0. | | **Emission Pool** | Associates the contract with an emissions pool for FuelEU. | | **Pool Deduction Percentage** | Default percentage of Fuel EU cost deducted from voyage estimates for this vessel. | *** ### CVE (Crew and Victualling Expenses) CVE fields record the cost allowance paid to the owner for crew and onboard victualling expenses. | Field | Description | | ------------------- | ------------------------------------------------------------------------------ | | **CVE Text** | A label describing the CVE allowance (e.g. "Meals & Cables"). Free-text entry. | | **CVE Amount** | The monetary value of the CVE allowance per measurement period. | | **CVE Currency** | The currency in which the CVE is expressed. Defaults to USD. | | **Every** | The numeric frequency at which the CVE is payable. | | **CVE Measurement** | The unit of frequency for CVE (Day or Month). | *** ### Laydays | Field | Description | | ---------------------- | ------------------------------------------------------------------------------------------------- | | **Laydays Commence** | The earliest date and time from which the vessel may be tendered for delivery under the contract. | | **Laydays Cancelling** | The latest date and time by which delivery must occur. | *** ### Comments A free-text field for internal notes or special terms that do not fit into structured fields. *** ### Risk The Risk section enables benchmarking of the contract against market rates. | Field | Description | | ---------------------- | --------------------------------------------------------------------------------------------------- | | **TC Benchmark** | A percentage weighting applied to the contract for benchmark comparison purposes. Defaults to 100%. | | **TC Benchmark Index** | The market index against which the TC rate is benchmarked, for risk or reporting purposes. | | **Exposure Duration** | The exposure duration used to categorise this contract for risk or reporting purposes. | *** ### Contract Delivery Terms Delivery terms define the conditions under which the vessel is handed over to the charterer at the start of the charter period. | Field | Description | | --------------------------- | -------------------------------------------------------------------------------------- | | **Contract Delivery Port** | Required. The port at which the vessel is to be delivered to the charterer. | | **Contract Delivery Terms** | The contractual delivery terms governing the handover. | | **Contract Delivery Range** | A text description of the acceptable delivery range if a single port is not specified. | | **Contract Delivery Date** | The contractual agreed date and time of vessel delivery. | #### Delivery Bunkers on Redelivery (ROB) The bunker table at the bottom of the delivery section records the quantity and agreed price of bunkers remaining on board at the time of delivery. Click **+** to add a row. | Column | Description | | ------------------- | --------------------------------------------------------------- | | **Bunker Category** | Fuel Category | | **Quantity (ROB)** | The quantity of bunkers on board at delivery, in metric tonnes. | | **Price / MT** | The agreed price per metric tonne for the on-board quantity. | *** ### Contract Redelivery Terms Redelivery terms define the conditions under which the vessel is returned to the owner at the end of the charter period. | Field | Description | | ----------------------------- | ---------------------------------------------------------------------------------------- | | **Contract Redelivery Port** | Required. The port at which the vessel is to be redelivered to the owner. | | **Contract Redelivery Terms** | The contractual redelivery terms governing the handover. | | **Contract Redelivery Range** | A text description of the acceptable redelivery range if a single port is not specified. | | **Contract Redelivery Date** | The expected date and time of vessel redelivery. | #### Redelivery Bunkers on Redelivery (ROB) The bunker table records the agreed quantity and price of bunkers at redelivery. Click **+** to add a row. | Column | Description | | ------------------- | ----------------------------------------------------------------- | | **Bunker Category** | Fuel Category | | **Quantity (ROB)** | The quantity of bunkers on board at redelivery, in metric tonnes. | | **Price / MT** | The agreed price per metric tonne at redelivery. | --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.dataloy.com/release-8.29-coming-soon/voyage-management-system/step-by-step-guides/chartering/time-charter-contracts/maintain-time-charter-contracts.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.