Specify an Address Commission for a Freight Contract

An address commission is the percentage of a freight cost that a ship owner recognises as attributable to the companies associated with a freight contract.

In MineMarket, if an address commission is specified, raising a freight invoice also generates a freight commission invoice, and raising a freight demurrage invoice generates a freight demurrage commission invoice.

See Freight Commission Invoices and Freight Demurrage Commission Invoices.

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. Enter the Address Commission Percentage.
3. Select whether to Include Negative Line Item Commission.

   Whether to calculate commission on negative line items in the freight or freight demurrage invoice.

   If checked:

   • If the freight (demurrage) invoice line item value is positive, the freight (demurrage) commission is negative.
   • If the freight (demurrage) invoice line item value is negative, the freight (demurrage) commission is positive.

   If unchecked:

   • If the freight (demurrage) invoice line item value is positive, the freight (demurrage) commission is negative.
   • No freight (demurrage) commission is calculated for negative freight (demurrage) invoice line items.
   • If the freight (demurrage) invoice only has negative line items, no freight (demurrage) commission invoice is created.

   Default: Unchecked.

4. Click Save.