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Commission & Tips Statement
M/Y Excellence
Charter Period: July 1-15, 2024
John Smith
Chief Stew
Position Tier
Tier 2
Base Shares
1.5
Rotation
4:2
Rotation Factor
0.67×
Your Calculation Breakdown
Base Shares (Position Tier)
Your position is assigned to Tier 2, which has a base share value.
Rotation Adjustment
Your 4:2 rotation means you work 8 months per year. This is factored into your share.
Your Weighted Shares
Multiply your base shares by your rotation factor to get your weighted shares.
Pool Distribution
Your weighted shares are divided by the total crew shares, then multiplied by the pool amount.
Your Total Payout
$1,153
1.00 shares × $1,153 per share
Understanding Your Payout
This payout is based on a position-tier system that ensures fair, transparent distribution. Your position (Chief Stew) is in Tier 2, which reflects your level of responsibility aboard the vessel.
Your 4:2 rotation means you work 8 months per year. The rotation factor (0.67) ensures your payout reflects your actual time worked compared to permanent crew.
Your 11.53% of the pool is calculated by dividing your weighted shares (1.00) by the total crew shares (8.67). This is then multiplied by the total pool ($10,000).
Contextual Information
Average Payout
$1,667
Crew Count
6
Total crew sharing pool
Your Rank
0/6
By payout amount