Enter a Rate for a Freight Contract

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

Activity Steps

  1. Open the Freight Contract.
  2. Select the Contract Rates tab.
  3. Create the contract rate:
    1. Right-click in the Contract Rates table and select New from the menu.

      Note: You can also paste one or more copied contract rates from the same or another freight contract. A copied contract rate includes its rate periods and rate details. To copy multiple contract rates, check Selected for each required contract rate; then right-click and select Copy Contract Rate(s) from the menu.

    2. Complete the following fields as required.
      • Name
      • Origins—Optionally limit the contract rate to specified origins (in transport routes). Select from the locations defined on the Supply Chain panel of the Solution Explorer.
      • Destinations—Optionally limit the contract rate to specified destinations (in transport routes). Select from the locations defined on the Supply Chain panel of the Solution Explorer.
      • Activity—Select from the Freight Activity list items defined in the List Editor.
      • Freight Terms—Freight terms for the contract rate. This field is for only for reporting and does not affect invoice calculations. Select from:
        • Liner Terms
        • LIFO—Liner In Free Out
        • FIFO—Free In Free Out
        • FIO—Free In/Out—The carrier is responsible for sea freight; but the shipper is responsible for loading and unloading costs.
        • FIOS—Free In/Out Stowed—The carrier is responsible for sea freight and stowage; but the shipper is responsible for other loading and unloading costs.
        • FIOST—Free In/Out Stowed and Trimmed—The carrier is responsible for sea freight, stowage and trimming; but the shipper is responsible for other loading and unloading costs.
      • Material Type—Optionally limit the contract rate to specified material types. Select from the material types defined on the Material panel of the Solution Explorer.
      • Products—Optionally limit the contract rate to specified products and brands. Select from the products and brands defined on the Material panel of the Solution Explorer.
      • Transport Types—Select from the transport types defined on the Transport panel of the Solution Explorer.
      • Service Reference Date—Reference date to determine the applicable rate period. If despatch dates are not available, the bill of lading or the planned despatch date of the despatch order is used as the reference date. Select from:
        • Bill of Lading Date—If not available, then ATD, ETD, ATA or ETA at loading
        • ETA at Loading
        • ATA at Loading—If not available, then ETA at loading
        • ETD at Loading—If not available, then ATA or ETA at loading
        • ATD at Loading—Bill of lading date, or first available out of: ATD, ETD, ATA or ETA at loading
        • ETA at Destination—ETA at unloading
        • ATA at Destination—If not available, then ETA at unloading
        • ETD at Destination—If not available, then ATA or ETA at unloading
        • ATD at Destination—If not available, then ETD, ATA or ETA at unloading
      • Comments
  4. Define a rate period in which defined rates will be applied:
    1. Select the contract rate in the Contract Rates table.
    2. To create a new rate period, right-click in the Rate Periods table and select New from the menu.

      MineMarket uses the rate details in the applicable rate period to calculate the price of a contract rate with a Service Reference Date that falls within the Start Date to End Date of the period.

      Note: You can also paste a copied rate period from the same or another freight contract. A copied rate period includes its rate details.

    3. To create a new rate period based on the last rate period, right-click in the Rate Periods table and select Create Next Period from the menu.

      The new rate period has a start date one day after the end date of the last period; and an end date either 12 months later, or the end date of the contract (whichever is earlier).

      Note: This option is only applicable if existing rate periods do not already cover up to the end date of the freight contract. The next rate period includes a copy of the rate details.

    4. Update the following fields as required.
      • Name
      • Start Date
      • End Date
      • Contractual Quantity

      5. Note: If there is a gap where no rate period covers the date specified by the Service Reference Date, then no service rates are applied. Overlapping rate periods should not be entered.

  5. Define the rate details for the rate period:
    1. Select a rate period in the Rate Periods table.
    2. Perform one of the following steps:
      1. To add a rate detail from a cost template, right-click in the rate detail table and select Add From Template » [Cost Template Category] » [Cost Template] from the menu.

        Note: Only freight cost templates where the Provider and Activity (if specified) match the freight contract display. If the cost template includes a tax, the tax is added to the freight contract and can be edited on the Contract Taxes tab.

      2. To add a new rate detail, right-click in the rate detail table and select New from the menu.

        Note: You can also paste a copied rate detail from the same or another freight contract; or a cost or budgeted cost that is for freight. See Costs and Service Charges.

    3. Complete the following fields as required.
      • Name
      • Rate Detail Basis
      • Type
      • Invoice Types
      • Transaction Type
      • Invoice Scope

      Note: See Contract Rates for descriptions of these and the following fields.

    4. If the Rate Detail Basis is By Container, By Loaded Wagons, By Lot, By Number of Packages, By Number of Package Groups, By Number of Package Units or By Unloaded Wagons update the Value, Currency and Step.
    5. If the Rate Detail Basis is By Dry Mass, By Gross Mass, By Loaded Dry Mass, By Loaded Gross Mass, By Loaded Wet Mass, By Unloaded Dry Mass, By Unloaded Gross Mass, By Unloaded Wet Mass or By Wet Mass:
      1. Update the Currency, UOM and Step.
      2. Either update the fixed Value, or check Use Calculation and update the Calc Expression.
    6. If the Rate Detail Basis is Fixed Amount Per Despatch Order or Fixed Amount:
      1. Update the Currency and Step.
      2. Either update the fixed Value, or check Use Calculation and update the Calc Expression.
    7. If the Rate Detail Basis is Calculated Mass:
      1. Update the Value, Currency, UOM and Step.
      2. Check Use Calculation and update the Calc Expression.
    8. If the Rate Detail Basis is Demurrage/Despatch, select the Demurrage/Despatch.
    9. If the Rate Detail Basis is Percentage Current Freight/Service Value, Percentage Current Invoice or Percentage Invoice Value, update the Value.
    10. If the Rate Detail Basis is Percentage Previous Rates, update the Previous Rate Details, Value and Currency.
    11. If the Rate Detail Basis is Tiered, update the Rate Tier Group.
    12. If the Rate Detail Basis is Time, update the Value, Currency and Time Basis.
    13. If the Rate Detail Basis is Time And Dry Mass, Time And Gross Mass or Time And Wet Mass, update the Value, Currency, UOM, Duration and Time Basis.
    14. Complete the remaining fields as required.
      • Pro Rata Option
      • Quantity Decimals
      • Rate Decimals
      • Allow Override
      • Is Commission
      • Commission Method
      • Locations
  6. Click Save.