Specify a Freight Parity for a Set of Contract Terms
See Freight Parities for further information.
Security Note: You need the Allow contract maintenance security right in the Contracts domain security rights group for this activity.
Activity Steps
- Open the Sales Contract or Purchase Contract.
- Expand the required set of contract terms.
- Select the Parities node.
- Select the Freight Parity Type in the Freight Parities field group. Select from:
- Source—Generally used for purchase contracts.
- Destination—Generally used for sales contracts.
- Right-click in the Freight Parities field group and select New from the menu.
- Update the freight parity Name if required.
- Select the Base Location from the port locations defined on the Supply Chain panel of the Solution Explorer.
- Enter the number of Decimals to which to calculate the parity.
- To define a freight parity period:
- Right-click in the Parity Periods field group and select New from the menu.
- Update the Start Date and End Date if required. The default start and end dates are first and last days of the month.
- To define a freight parity item for a freight parity period:
- Select the parity period in the Parity Periods field group.
- Right-click in the Parity Items field group and select New from the menu.
- Complete the following fields.
- Parity Location—Location to where the parity is applied from the Base Location. This port location is entered as the Actual Unloading Location on the despatch order. Select from the port locations defined on the Supply Chain panel of the Solution Explorer.
- Parity Value—Parity applied per unit of mass, in the nominated currency, for each nominated unit of measure.
- Currency—Select from the currencies defined in the Currency/Exchange Editor. Default: The primary currency of the contract.
- Per Unit Mass—Select from the Mass units defined in the Unit Conversion Editor.
- Weight Mass Type—Select from:
- Gross Weight Mass
- Net Weight Mass
- Dry Weight Mass
- Weight Location—Select from:
- By Loading Transactions
- By Unloading Transactions
- To override rates from the applicable exchange rate source, see Enter Fixed Exchange Rates.
- To convert the freight parity to a different currency or unit before calculating the invoice line item, complete the following fields in the Freight Parities field group:
- Currency—Currency to which the parity value is converted for calculating the invoice line item. Select from the currencies defined in the Currency/Exchange Editor.
- Unit—Unit of measure to which the parity value is converted for calculating the invoice line item. Select from the Mass units defined in the Unit Conversion Editor.
- Decimals—Number of decimals to which to round the invoice line item for the parity.
Note: Freight parities are only included in invoices if Apply Freight Parity is checked for the contractual invoice types in the applicable set of contract terms.
- Click Save.