Select standard

Select between the current version of the KPI Standard and the historic versions

Chapters

PI012 | Last year’s running cost budget V4.0

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.
UnitUSD
ScopeReported on ship level
Calculation periodCaptured and reported on a fiscal year basis
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