CharterWorks Features
NEW! CO2 EU-ETS calculator
Estimate your CO2 emissions of your voyage. Since the beginning of 2024, as soon as you reach Europe, you have to compensate for CO2. CharterWorks calculates the correct CO2 emissions and costs for EU Allowances (EUAs) for each voyage according to the official MRV regulations.
Getting the routes right
The distance calculator is your daily tool in chartering. 17,000 ports, channels, ECA zones, all on a digital map. You get full control over all variables such as canals, zones, loading and discharge ports, and average speed in your route calculation. Off course, you can also calculate from the current position of your vessels.
Cargo-first approach
Shipping business is done by vessels but money is actually earned by transported cargoes. For optimal commercial results, you calculate a cargo inquiry on different voyages and vessels by some mouse clicks. This allows you to give a firm quote in short time. And off course, you can calculate the same cargo on different voyages – even if already in operations.
Voyages, voyages, voyages – compose your best TCE
Create different scenarios for new cargoes and find the best combination between cargoes and voyage. This is a great help to optimize the utilization of your fleet. Compare the TCE changes and get the contribution of a new cargo to your overall performance.
Easy recalculate
because things are changing
Bunker prices, port costs, new fixtures – you recalculate your existing voyages day by day and keep track of your changes. This is essential to foresee upcoming problems where immediate reaction is required. And off course, you can easily track all changes.
Fixtures – done!
Great, you have fixed an offer! What comes next? You inform everybody that the cargo is fixed by a mouse click. The cargo is automatically withdrawn from all other simulated voyages. No lost information, no double booking. And all historical information is still attached to the cargo.
Nobody is left behind –
Team collaboration counts
Chartering and operations is team work. You need the right tool to share information about ships, cargoes, vessels and ports. And this is very easy – you add your remarks directly wherever you need this, attached to the item the information belongs to. You colleagues are always aware of what is going on, so you are. You don’t need to dig through tons of emails any more. Coming back from vacation is fun now!
By the way – everybody in your team got his or her own account. Because you pay per vessel, not per user.
Time Charter –
keeping track of your income
You also need to keep track of your income if you charter your vessel to a third party. And by the way, you need to invoice them. Because your costs are still running, right? So, you can easily monitor your time charter hiring periods. You directly create the relevant invoices and you automatically calculate any ROBs differences at re-delivery.
Invoicing
because cash is king
Your best TCE doesn’t work if money is not coming in. So, you keep track of all your receivables and due invoices. Invoices may be created from scratch or are related to cargoes or time charter hire periods. You need to see the context, get the right figures and pick up the phone.
Operations, it’s your turn! Easy voyage hand-over
All cargoes are fixed. You hand over the voyage to the operations. Just click on the bottom and your colleagues get it on their table. You don’t have to explain much – most of the information is already there. Including all remarks and history. This makes it easy to focus on the important things and keep track of cost changes. Off course, you need to see the changes.
Just another cargo
because you can do better
The voyage has been in operation for a week, the vessel is on its way, but now you get another inquiry which perfectly fits to your trip. You revise the voyage to chartering, re-calculate the entire voyage, and hand it over to operations once more. Now, your figures are looking very different, right? But you keep track of the historical data since you can compare all revisions of your voyage.
Fuel management
first in, first out
Fuel prices are changing. Whenever you bunker, you get another price. This makes the difference when it comes to voyage calculation. You calculate always first with the oldest bunker left on board. And yes – if you take into account several bunker times, it can become pretty complex. Anyway, you manage it thanks to the software.
Multi-currency, daily rates
take care for your money
Shipping is not always US dollars. Often, you need to calculate with three or four currencies. And each currency has a rate changing daily. Instead of workarounds with monthly averages, you calculate your freight based on daily rates of an unlimited number of currencies. And since each value has a rate date, you can easily trace the impact of currency rate changes.