Page Comparison

• Bases Freight and Demurrage Commission on the paid amount instead of the actual calculated amount.
• Prompts to create Commission Invoices upon the payment of the invoice in the Transaction Data Entry, if the adjustments in the invoice are linked to the Cargo.
• Adds a Deducted from Freight/Demurrage Payment check box to the Commission form. Select it to set the commission amount; the counterparty of the Commission Invoice is set to be the Charterer.
• Adds a quick search Invoice(s) field below the Broker field to filter the values that appear in the Invoice(s) column in the grid below.

Populate the Reference field with the Reference No. from the Cargo form.

Locks editing of the Address, PO Box, and Country fields on the Header form of the Freight Invoice. When disabled, these fields are editable.

Adds a new check box on the Pricing tab of Cargo and COA contracts: Overage as Deadfreight. When selected, freight will be billed as follows: All freight up to the BL Qty, including overage, is invoiced at the freight rate. The overage will then be deducted as a credit using the Deadfreight extra freight term rate, percentage, or lumpsum with the description "Reversed deadfreight credit."

Causes PST Tax to consider all items on the invoice as taxable, including other tax lines, rather than applying only to non-tax invoice items.

Causes the default Exchange Rate Date for Freight and Demurrage invoices to be the Invoice Date, rather than the Cargo contract Exchange Rate Date.

If enabled, SubCode must be selected for any Freight Adjustments entered in the Freight Invoice.

When enabled, the Commissionable setting of an Operations Ledger Code alone determines whether claim and freight adjustment line items are commissionable. When enabled, the commissionable setting cannot be overridden in invoices or per broker.

When enabled, an Accrual % field appears and can be used to anticipate bad debt on the following receivable invoices: Freight Invoice, Claim Invoice, Time Charter Billing, Voyage Other Revenue, and Voyage Expenses Rebill.

• Accrual % defaults to blank. Blank is interpreted as 100%. You can manually set Accrual % to any value greater than 0.
• An Update button appears so that you can modify Accrual % on invoices that are posted; prior to posting, you can save the invoice to update its Accrual %.
• The Accrual % value has no affect on posting; the full invoice amount is always posted.

On the Voyage P&L:

• Invoices with Accrual % values of 100% or blank are handled normally.

• Amounts for invoices with Accrual % values other than 100% are split between three lines:

  • The top summary line shows the accrual amount = (original invoice amount × accrual %).

  • If you expand the summary line, the next line shows the original invoice amount.

  • The line below shows Provision for Bad Debt = (original invoice amount − accrual amount).

On Monthly Accruals, for invoices with Accrual % less than or greater than 100, the amount accrued = original invoice amount less provision for bad debt.

Applies only when CFGEnableInvoiceAccrualPercentage is enabled; as invoice payments are received, the invoice Accrual % is automatically evaluated and increased when necessary to ensure that the sum of payments is not greater than the accrual amount.

Enables the Cargo Booking form. Also adds a Booking No. field to nonincremental Freight Invoices; after a Counterparty is selected, you can select one booking of that Counterparty on the voyage, so that only those Cargoes are included on the invoice.

Note: The setting of this config flag determines whether the No. of Cargoes in Booking variable is available on the Pricing Rule form:

• N: Not available
• Y: Available

Note: CFGEnableTaxGroup must also be enabled.

When enabled, you can access the Transaction Data Entry form by clicking  on the toolbar of receivable Claim, receivable demurrage/despatch, Time Charter Bill, Voyage Other Revenues and Expenses (Types Revenue and Rebillable Expense), Other Revenues And Expenses By Daily Rate (Type Revenue), and Freight Invoice forms, which can be useful for entering multicurrency tax information.

Enables the Shuttle Tanker Workflow and master data forms necessary for freight invoicing of time and bunkers for both the actual voyage and theoretical return legs, most commonly used by shuttle tankers.