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PI004 | Agreed drydocking budget V4.0

Performance Indicator

This PI captures ship’s drydocking budget.

Definition

The total budget amount associated with the drydocking as agreed between the ship manager and owner BEFORE the drydocking. This shall include in-water survey (IWS), modifications and repairs, not included in routine running costs. Any additional work which is approved AFTER the drydocking has started shall not be taken into account.

UnitUSD
ScopeReported on a ship level
Calculation periodCaptured and reported in the quarter the drydocking was completed.
ReferencesThis Performance Indicator - PI004 - is used by the following Key Performance Indicators
KPI010Drydocking planning performance
PI001Actual drydocking costs
PI002Actual drydocking duration
PI004Agreed drydocking budget
PI005Agreed drydocking duration
Example

Agreed drydocking budget in US$ = 4 000 000