FDA

An FDA (Final Disbursement Account) is the final, reconciled statement of all costs incurred during a vessel's port call. It is issued by the ship agent after all supplier invoices have been received, validated, and reconciled against the original Proforma DA (PDA) estimate.

FDA workflow involves: collecting all supplier invoices (port authority, pilotage, towage, stevedores, husbandry providers), three-way matching against the PDA estimate and actual events captured during the call, calculating any over/under-payment (refund to principal or additional call for funds), generating the FDA document, and remitting any surplus or collecting any shortfall.

FDA closure speed is a key efficiency metric for ship agencies — laggards close DAs in 30-90 days; modern AI-augmented platforms close in 3-7 days.