How to Make Ship Chartering Contracts Easy

By | 22/08/2014

I Know What You did Last Ship Chartering Contract

People take pictures of or write a journal about what they want to remember for a long time or what they consider to be valuable memory. Such experiences ordinarily stay beyond their memory and are easily called in when they look at or try to look up printed photos. A journal is a more specific record; by saving those feelings and circumstances in text, it provides memory as a more vivid record. Memory as a record saved somewhere enables a person to figure out what part of life he or she finds touching or what pattern his or her travel forms and exercises influence on planning a next trip.
 
Then, is there a way to save patterns frequently experienced in the past or cases worth taking as a guide, like photography or journals? Tasks of bulk or container shipping companies include a certain amount of simple information entering operation. Since they are more frequently involved in proceeding with typical types of contracts or making minor changes to existing terms and conditions than in creating new terms and conditions for each contract, starting all over to enter information in all items should be cumbersome to employees. As a shipping operations software that can minimize such inconveniences, OPUS Bulk can bring good news to shipping companies tired with manual operation.
 
time saving and high profit via shipping operations softwareOne of the effects that bulk shipping companies expect through adopting ship chartering software should be winning contracts through fast profitability analysis. OPUS Bulk memorizes information on the vessel, cargo, and port with the data entered by staff. And when a new voyage starts, the program automatically inputs various basic data, thus ensuring prompter analysis of profitability for a specific chartering contract. Also, the software not only provides the feature of voyage estimation that automatically calculates revenue, expense, hire base, P/L etc. in cargo booking according to vessel schedule, but also enables management of cargo offers considering tanker specifics and owner-specific or contract-specific profitability management for multiple freights.
 
shipping operations software for ship chartering_opus bulk

Screenshot of OPUS Bulk

Through a profitability analysis thus implemented in this chartering and operations software, a shipping company can conveniently conclude a cargo transport contract. It can look up and figure out past pre-fixtures and invoice processing related to a specific contract, but also check approval through approval history.

 
In our next issue, we will see from a contract concluded as above how data is entered when a voyage is in progress, taking a look how the actual data is used.
 

Posted by Seung-Hee Seo, a Business strategist, who has made business plans and researched the maritime industry including container and bulk shipping. 

 

If you have any questions about the process of using OPUS Bulk to analyze profitability and manage chartering contracts for a bulk shipping company, please leave a comment below or go to Contact Us.