Enter Tiers for a Demurrage/Despatch Condition

Security Note: You need the Allow contract maintenance security right in the Contracts domain security rights group for this activity.

Activity Steps

  1. Select the demurrage/despatch condition in the Sales Contract, Purchase Contract., Service Contract or Freight Contract.
  2. Select the Tier Groups tab.
  3. Select the Tier Concept that will be the input value of the tier evaluation. Select from:
    • Invoice Wet Mass
    • Invoice Dry Mass
    • Transport Size—Based on the holding capacity of the vessel.
    • Loading Rate
  4. Select the UOM associated with the tier concept. Select from the Mass units defined in the Unit Conversion Editor.
  5. If the tier concept is any price or value, select the Currency from the currencies defined in the Currency/Exchange Editor.
  6. Select the Tier Calculation Method to evaluate the tier group. Select from:
    • Accumulative To Base Tier—Return the Value/Step from the tier that results from moving from the tier input point towards the value specified as the Base Tier. That is, if the value is above the base tier then it is calculated from the highest to the base tier; and if the value is below the base tier, it is calculated from the lowest to the base tier.
    • Accumulative—Return the Value/Step that is the sum of all tiers from the first tier up to the tier in which the input value resides.
    • Weighted Average—Return the weighted average of all tiers.
    • Single Value—Determine which tier matches the input value. Return that tier's Value/Step.
  7. Create tiers for the tier group:
    1. Right-click in the bottom table and select New from the menu for the required number of tiers.
    2. Complete the following fields for each tier level.
      • Applicable From—Lower limit of the range of the tier. If there is more than one tier, Applicable To is Applicable From for the next tier.

        Tip: It can be easier to enter the Applicable From values starting with the bottom tier in the table.

      • Value—Output value of the tier.
      • Step—Number by which to divide the output Value.
      • Include Start—Whether the tier evaluation is to be > or ≥ to the Applicable From value.

      MineMarket updates the Tier Summary. If the input value falls within the summary, the tier Value/Step is returned as the tier result.

    3. If the Tier Calculation Method is Accumulative to Base Tier, check Base Tier for one tier level.
  8. Click Save.