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Loss Calculations

 

Loss Calculations

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Inspection > Voyage Reconciliation > Loss Calculations

Below are the formulas and fields used to determine parcel-level and voyage-level gains and losses.

Parcel-level Loss Formulas

hmtoggle_plus1Load TCV Difference

Description

This gives the difference between the volumes measured on-board the vessel (after loading from the port) and the volumes already on-board (OBQ volumes i.e. before the load took place).

The difference % is a measure of difference between what the port says it has delivered and what was actually loaded on the vessel, expressed as a percentage of the Bill of Lading volumes.

Formulas

Load TCV Difference % = (Vessel Loaded TCV - BL TCV) * 100 / (BLTCV)

where:

Vessel Loaded TCV = TCV After Loading - OBQ (Total) Tanks to be Loaded

hmtoggle_plus1Discharge TCV Difference

Description

This gives the difference between the volumes measured on-board the vessel (prior to discharging at the destination port) and the volumes remaining on-board (after the discharge).

The difference % is a measure of difference between what the vessel says it has delivered and what the port actually received, expressed as a percentage of the Outturn volumes

Formulas

Discharge TCV Difference % = (Outturn TCV - Vessel Discharged TCV) * 100 / (Outturn TCV)

where:

Vessel Discharged TCV = TCV Before Discharge - ROB from Loaded Tanks (Total)

hmtoggle_plus1Load Theoretical Shore Difference

Description

While the BL TCV is what the port says it has delivered, the Load VEF of the vessel is used to derive the volumes that may have been loaded from the port in theory (Theoretical Shore volumes).

This ship/shore difference is the % difference between the Theoretical Shore volume and the BL TCV volume, expressed as a percentage of the BL volumes.

Formulas

Load Theoretical Shore Diff % =(( (Vessel Loaded TCV / Load VEF) - BL TCV) * 100) / (BL TCV)

where:

Vessel Loaded TCV = TCV After Loading - OBQ (Total) Tanks to be Loaded

hmtoggle_plus1Discharge Theoretical Shore Difference

Description

While Outturn TCV is what the port says it has received, the Discharge VEF of the vessel is used to derive the volumes that may have been discharged to the port in theory (Theoretical Shore volumes).

This ship/shore difference is the % difference between the Theoretical Shore volume and the Outturn volume, expressed as a percentage of the Outturn volumes.

Formulas

Discharge Theoritical Shore Diff % = (( (Vessel Discharged TCV / Discharge VEF) - Outturn TCV) * 100) / (Outturn TCV)

where:

Vessel Discharged TCV = TCV Before Discharge - ROB from Loaded Tanks (Total)

hmtoggle_plus1Load FW Difference

Description

This checks for the % increase or decrease in the volume of Free Water between what was already on-board and what is measured after the completion of loading.

Formulas

Load FW Difference % = ((Received FW - OBQ (FW) Tanks to be loaded) * 100) / Received FW

where:

Received FW = TCV After Loading – GSV After Loading

hmtoggle_plus1Discharge ROB FW Difference

Description

This checks for the % increase or decrease in the volume of Free Water between what was delivered to the Discharge port and what remained on-board after the discharge.

Formulas

Discharge ROB FW Difference % = ((Delivered FW - ROB from loaded tanks (FW)) * 100) / Delivered FW

where:

Delivered FW = TCV Before Discharge – GSV Before Discharge

Voyage-level Loss Formulas

hmtoggle_plus1Delivered TCV Difference

Description

This gives the % difference between the total calculated volume of the cargo delivered from the loading port and that received by the discharge port, expressed as a percentage of the BL (load) volumes.

Formulas

Delivered TCV % = ((Outturn TCV - BL TCV) * 100) / BL TCV

hmtoggle_plus1O/T-BOL FW & SW Difference

Description

This gives the % difference between the total Outturn FW & SW at the destination port and the total BOL FW & SW at the load port, expressed as a percentage of the BOL FW & SW volumes.

Formulas

O/T-BOL FW & SW Diff % = ((O/T_FW+SW – BOL_FW+SW) * 100) / BOL_FW+SW

where:

O/T_FW+SW = Outturn TCV – Outturn NSV

BOL_FW+SW = BL TCV – BL NSV

hmtoggle_plus1Delivered NSV Difference

Description

This gives the % difference between the net standard volume of the cargo delivered from the loading port and that received by the discharge port, expressed as a percentage of the BL (load) volumes.

Formulas

Delivered NSV % = ((Outturn NSV - BL NSV) * 100) / BL NSV

hmtoggle_plus1Transit Difference

Description

This is representative of the 'In-Transit Difference' between the time the vessel sails of from the Load port till the time the vessel arrives at the Discharge port, expressed as a percentage of the volume it sailed with.

Formulas

Transit Diff. % TCV = ((TCV Before Discharge - TCV After Loading) * 100) / TCV After Loading

hmtoggle_plus1FW Transit Difference

Description

This gives the % difference of the free water between the time vessel sails of from the Load port till the time the vessel arrives at the Discharge port, expressed as a percentage of the volume it sailed with.

Formulas

FW In-transit Diff. % = ((VOA FW – VOS FW) * 100 / (VOS FW))

where:

Vessel on Sailing (VOS) FW = TCV After Loading - GSV After Loading

Vessel On Arrival (VOA) FW = TCV Before Discharge - GSV Before Discharge

hmtoggle_plus1Adjusted TCV Difference

Description

This is the loss that occurs between the Load port and the Discharge port,taking into account OBQ and ROB values, expressed as a percentage of the original volumes loaded (BL volumes).

Formulas

Adjusted TCV Diff. % = Adjusted TCV Diff. * 100 / BL TCV

where:

Adjusted TCV Diff. = (Outturn TCV - BL TCV) - OBQ (Total) Tanks to be Loaded + ROB from Loaded Tanks (Total)

hmtoggle_plus1Adjusted NSV Difference

Description

This is the loss that occurs between the Load port and the Discharge port,taking into account OBQ and ROB values, expressed as a percentage of the original volumes loaded (BL volumes).

Formulas

Adjusted NSV Diff. % = Adjusted NSV Diff. * 100 / BL NSV

where:

Adjusted NSV Diff. = (Outturn NSV - BL NSV) - OBQ (Total) Tanks to be Loaded + ROB from Loaded Tanks (Total)

Inspection Quantity Results Fields Used in Loss Calculations

hmtoggle_plus1Quantity Results - General
API Gravity: A measure of how heavy or light a petroleum liquid is compared to water.
Density 15°C: Density stated at 15 degrees Celcius.
Description: A description for the quantity location.
Load/Discharge: Indicates if the quantity results are for a load or discharge.
Mean Temp Before Delivery: Weighted average cargo temperature.
VCF Table: The Vessel Correction Factor table used for correcting volumes back to the standard reference temperature or pressure. If different VCF tables are selected between vessel and shore, the user may be required to enter recalculated figures.
VEF: The Vessel Experience Factor as calculated according to industry practice.
hmtoggle_plus1Shore Data (for Load)
Bill of Lading TCV: The Total Calculated Volume of the grade/crude. The Gross Standard Volume (GSV) plus the Free Water (FW).
Bill of Lading GSV: Gross Standard Volume of the grade/crude measured.
Bill of Lading NSV: Net Standard Volume of the grade/crude.
Line Displacement TCV: The Total Calculated Volume of the lines.
hmtoggle_plus1Vessel Data (for Load)
GSV After Loading: The total volume of all petroleum liquids and sediment and water, excluding free water.
OBQ (Total) Tanks to be Loaded: Total On Board Quantity in the tanks to be loaded.
OBQ (Liquid) Tanks to be Loaded: On Board Quantity liquid in the tanks to be loaded.
OBQ (Non-Liquid) Tanks to be Loadeds:On Board Quantity non-liquid in the tanks to be loaded.
OBQ (FW) Tanks to be Loaded: On Board Quantity free water in the tanks to be loaded
Table Difference: The calculated table difference.
TCV After Loading: The Gross Standard Volume (GSV) plus the Free Water (FW) after the load is completed.
hmtoggle_plus1Vessel Data (for Discharge)
GSV Before Discharge: The total volume of all petroleum liquids and sediment and water, excluding free water.
ROB From Loaded Tanks (Total): Total volume remaining on board in tanks that were loaded.
ROB From Loaded Tanks (Liquid): The remaining on board liquids in the loaded tanks.
ROB From Loaded Tanks (Non-Liquid): The  remaining on board non-liquids in the loaded tanks.
ROB From Loaded Tanks (FW): The  remaining on board free water in the loaded tanks.
Table Difference: The calculated table difference.
TCV Before Discharge: The Gross Standard Volume (GSV) plus the Free Water (FW) prior to the discharge commencing.
hmtoggle_plus1Shore Data (for Discharge)
Outturn TCV: The Total Calculated Volume of the grade/crude. The Gross Standard Volume (GSV) plus the Free Water (FW).
Outturn GSV: Gross Standard Volume of the grade/crude.
Outturn NSV: Net Standard Volume of the grade/crude.
Line Displacement TCV: The Total Calculated Volume of the lines.
Table Difference: The calculated table difference.
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