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PI012 | Last year’s running cost budget V2.6

Performance Indicator

This PI captures a ship’s previous fiscal year running cost budget.

DefinitionThe total last (fiscal) year running cost budget per ship as approved by ship owner prior to the beginning of the fiscal year. This includes maintenance, repair, crewing, spares /stores, management cost and /or fee and lubricants. 

Insurance and capital expenses, such as modifications and drydocking expenses shall be excluded.
UnitUS$
ScopeReported on ship level
Calculation periodReported annually. PI012 is reported together with PI011 (Last year’s actual running costs and accruals) and PI010 (Last year’s Additional Authorized Expenses (AAE)) in the quarter when PI011 is settled
ReferencesThis Performance Indicator - PI012 - is used by the following Key Performance Indicators
KPI002Budget performance
PI010Last year’s AAE (Additional Authorized Expenses)
PI011Last year’s actual running costs and accruals
PI012Last year’s running cost budget
Example

Last year’s running cost budget of this ship in US$ = 2 200 000