Free tool
Time Charter Calculator
Calculate time charter income from daily hire, period, off-hire days, commissions and bunker difference on delivery. No sign-up needed; results update as you type.
See the system that does this automaticallyOpen the live demoTime Charter Calculator: worked example
Example values: Daily hire 14,000 USD, Charter period 90 days, Off-hire days 2 days, Commissions (address + brokerage) 3.75 %, Bunkers on delivery value 240,000 USD, Bunkers on redelivery value 210,000 USD, Ballast bonus 0 USD. With these values the results are:
| Gross hire | 1,232,000 USD |
|---|---|
| Net hire | 1,185,800 USD |
| Bunker difference (owner’s favour +) | 30,000 USD |
| Net daily | 13,176 USD |
How to use: Time Charter Calculator
- Enter your own values: Daily hire, Charter period, Off-hire days, Commissions (address + brokerage), Bunkers on delivery value, Bunkers on redelivery value, Ballast bonus.
- Choose the currency; money inputs are converted at an approximate rate.
- Results are calculated as you type: Gross hire, Net hire, Bunker difference (owner’s favour +), Net daily.
- Check every step of the calculation in the formulas below.
How is it calculated?
- Gross hire = [Daily hire] × ([Charter period] − [Off-hire days])
- Net hire = [Gross hire] × (1 − [Commissions (address + brokerage)] ÷ 100) + [Ballast bonus]
- Bunker difference (owner’s favour +) = [Bunkers on delivery value] − [Bunkers on redelivery value]
- Net daily = [Net hire] ÷ [Charter period]
Other tools running on Laytime and Charter Engine
Calculates laytime, demurrage and despatch from NOR, turn time, excepted periods and rates.
FCRSOFT
FCRSOFT does this for you automatically
You don’t need to do the calculations and checks on this page by hand every day. FCRSOFT derives them all automatically from the records entered in the field.
- Port events are recorded as a timeline.
- Laytime, demurrage and despatch are calculated from port events.
- Port costs are linked to the voyage and the charter party.
Frequently asked questions
How is Time Charter Calculator calculated?
Calculate time charter income from daily hire, period, off-hire days, commissions and bunker difference on delivery. The calculation uses Laytime and Charter Engine: Calculates laytime, demurrage and despatch from NOR, turn time, excepted periods and rates.
How is Net hire found?
Net hire = [Gross hire] × (1 − [Commissions (address + brokerage)] ÷ 100) + [Ballast bonus]. With the example values (Daily hire 14,000 USD, Charter period 90 days, Off-hire days 2 days, Commissions (address + brokerage) 3.75 %, Bunkers on delivery value 240,000 USD, Bunkers on redelivery value 210,000 USD) the result is 1,185,800 USD.
How is Net daily found?
Net daily = [Net hire] ÷ [Charter period]. With the example values (Daily hire 14,000 USD, Charter period 90 days, Off-hire days 2 days, Commissions (address + brokerage) 3.75 %, Bunkers on delivery value 240,000 USD, Bunkers on redelivery value 210,000 USD) the result is 13,176 USD.
Worked example: Time Charter Calculator
Example values: Daily hire 14,000 USD, Charter period 90 days, Off-hire days 2 days, Commissions (address + brokerage) 3.75 %, Bunkers on delivery value 240,000 USD, Bunkers on redelivery value 210,000 USD. Gross hire: 1,232,000 USD; Net hire: 1,185,800 USD; Bunker difference (owner’s favour +): 30,000 USD; Net daily: 13,176 USD.
Is Time Charter Calculator free?
Yes. The tool is free, needs no sign-up and runs in your browser; the data you enter is not stored.
Can FCRSOFT do this calculation automatically?
FCRSOFT derives the laytime calculation from port events automatically and links it to the charter party. You can try the Voyage & Chartering package in the live demo without installing anything.
Which currency can I calculate in?
Choose one of 28 currencies in the currency selector; monetary inputs are converted at an approximate rate. To use your own rate, enter the amounts directly.