V.Crew Support


ShipMoney Policies on Filipino Allotments

ShipMoney Policies on Filipino Allotments 

  • Fixed allotment amounts will be set at 80% of the seafarer’s basic salary. 
  • Only one fixed allotment (PESO) account will be used.
  • All other payments will be remitted to the respective ShipMoney accounts of the crew, this includes: 
    1. Extra allotments
    2. Final balance of wages
    3. Bonuses
    4. Urgent allotments
    5. Standby pay
    6. Expense claim reimbursement (except sickness related expenses)
  • This, however, does not cover office cash advances, sick pay and severance payments.
  • For joiners between the 1st to the 20th of the month, they will have 80% of basic as fixed allotment. Joiners between the 21st to the end of the month will no longer have allotments for that month.
  • For leavers between 1st to 20th, there will no allotments. For leavers between the 21st to the end of the month, 80% of basic as fixed allotment is required.
  • This policy is applicable to all Ship Managed vessels handled by the Manila Crew Payroll Team excluding International Seaways (INSW) vessels.


By doing these changes, the seafarer is able to:

  • Receive his fixed allotment without any bank charge (since the first allottee’s bank charge is waived by the bank).
  • Receive his final balance of wages without any bank charge (since this will be settled via ShipMoney).

 *Clause related to cut-off of allotments that can be applied to all vessels (Ship Management and Crew Management).

Did you find it helpful? Yes No

Send feedback
Sorry we couldn't be helpful. Help us improve this article with your feedback.