Declare Unknown or Optional Pricing for a Despatch Order

This activity is only applicable if the contract has been configured with either a contract product or payable analytes with quotation pricing that is unknown or optional. See Quotation Pricing Certainty.

Security Note: You need the Allow the user to maintain despatch orders security right in the Contracts domain security rights group for this activity.

1. Open the Despatch Order.
2. Select the Pricing tab.

   For quotation pricing (QP) lines with a Pricing Method of Unknown, or for optional QP lines, Declare By displays the date by which the pricing for the QP line must be declared. This date is calculated by the MineMarket Marketing Service based on the Declare By configuration for the QP line in the relevant set of contract terms.

3. Right-click an unknown or optional QP line and select Declare QP from the menu.

   The Declare QP screen displays.

4. Select the Party that is making the price declaration. Select from Buyer and Seller.
5. Select the Declaration Date. Must be on or before the Declare By date of the QP line.
6. If the QP line is Unknown:
   1. Select whether to Use Screen Price.

      If checked, the Screen Price is used as a fixed price for this declared mass.

      If unchecked, the pricing depends on the Adjust To 3rd Wednesday setting in the configuration of the QP line:

      • If Adjust To 3rd Wednesday is checked and the declaration date:
        • Is on or before the third Wednesday, MineMarket uses the price from the third Wednesday of that month.
        • Is after the third Wednesday, MineMarket uses the price from the third Wednesday of the next month.
      • If Adjust To 3rd Wednesday is unchecked and the declaration date:
        • Is before the end of the quotation period, MineMarket uses the price from the declaration date.
        • Is after the end of the quotation period, MineMarket uses the last price of the quotation period.
      • If Adjust To 3rd Wednesday is unchecked and the pricing is undeclared:
        • If the snapshot calculation is before the end of the quotation period, MineMarket uses the (forward) prices between the date of snapshot calculation and the end of the quotation period.
        • If the snapshot calculation is after the end of the QP, MineMarket uses the last price of the quotation period.

      Default: Unchecked.

   2. If Use Screen Price is checked, enter the Screen Price.
   3. If only a partial declaration is required at this time, update the Declared Mass. Default: The undeclared mass of the QP line.
7. Enter Comments if required.
8. Click OK.

   The Declare QP screen closes and the Declaration in the QP line displays the selected details.

   If an optional QP line was declared, the other options in the group of optional QP lines disappear. Only the declared QP line displays.

   If an unknown QP line is partially declared, the top row of the QP line displays the total declared mass and the mass that is pending declaration. The price in the top row applies to the mass that is pending declaration. Other rows (and their prices) are specific to each declared mass.

   The Price is updated when the MineMarket Marketing Service next processes the despatch order.

9. To delete a price declaration, right-click the declared QP line (or declared mass row within the QP line) and select Remove Declaration from the menu.
10. To delete all price declarations for the despatch order, right-click in the Pricing table and select Delete All Declarations from the menu.

    All price declarations are deleted for the despatch order, even if the declarations no longer display because the quotation pricing configuration has been changed elsewhere.

11. Click Save.