Versions Compared

Old Version 3

changes.mady.by.user Former user

Saved on

compared with

New Version 4

changes.mady.by.user Carl Schlehr

Saved on

Key

  • This line was added.
  • This line was removed.
  • Formatting was changed.

Configuration flag CFGEnableContractMirroring enables Contract Mirroring.

...

  • After this mirrored link is established, any entry into either of the contracts passes to the other upon save. This includes brokers and XADDCOMM.
    • If the company in the mirror contract does not have LOB or Department specified in the Address Book, these are copied from the original contract.
  • Disabling the Intercompany option on either of the contracts and saving breaks the link; updates no longer flow through.
  • The automatic creation of mirrored contracts and subsequent updating is allowed even if you do not have Security Object Rights to the company of the linked contract. (You can enter details from X's perspective and have it flow through and update Y's contract, but you cannot change anything in Y's contract directly if you do not have rights to Y.)

...

  • When contract A (connected to voyage 1) is mirrored with contract B (connected to voyage 2), and voyage 1 is scheduled/commenced, port, time, and bunker information flows from the voyage to contract A to contract B. Voyage 2 needs to be manually synced with voyage 1. There is no voyage mirroring in this case.
  • On a TC In or TC Out, to open its mirrored contract, click .

...

  • Scenario:

    • Company A has a Cargo contract with third party Y.
    • Company B has the TCI vessels that will lift the contract Cargoes.
    • Company A and Company B are internal companies, and the relet is back-to-back.
  1. Address Book:
    1. Enter Company A as Types C, O, and W, and with the Internal check box selected.
    2. Enter Company B as Types C, O, and W, and with the Internal check box selected.
  2. Cargo form:
    1. Create a Cargo with third party Y and company A.
      Note: For two internal companies, Cargo mirroring is also supported when the Cargo is created indirectly, through an Estimate.
    2. Other Info tab: Select the Intercompany check box and select the IC who will lift this cargo (B).
    3. Save. The following contracts are created:
      1. Cargo between A and third party Y
      2. Cargo between A and B
      3. VC In between A (Charterer) and B (Owner)
  3. VC In: Make sure the Cargo is set as Confirmed.
  4. The parent vessel/voyage will be the voyage between A and B (ii., above), either as TCOV (if the vessel is a TCI) or OVOV.
    1. Create the Voyage Fixture and schedule the voyage from the Cargo.
  5. Create the relet voyage:
    1. Open the third-party Cargo form (between third party Y and A).
    2. Click Add Relet and then click Existing VC In.
    3. Schedule the voyage and use voyage type RELT.
    4. Do not use the Consecutive voyage option, but set the start date equal to the start date of the parent voyage TCOV (OVOV).
    5. Any changes made to the parent voyage (between A and B) will be reflected on the RELT voyage, including the exact start/end date/times.

...

invoices with the following Source Codes can be mirrored:

  • POOL
  • OREB
  • CREB
  • CREV
  • FINV
  • DEMP
  • DEMR
  • DESP
  • DESR
  • PTSH
  • MPAC

Summary Tree for Mirrored Voyages

The Voyage Manager Summary tree includes links to any mirrored voyages. To open a voyage, at the bottom of the tree, next to , click  to expand the list, and then double-click the voyage.

...

Expand
titleRelated Configuration Flags


CFGAllowVoyageOverlap

When enabled, the system will warn that your commencing date is in another voyage's period. It will default No to the message box asking if you want to continue, but will allow clicking Yes.

CFGEnableContractMirroring

Enables the following types of intercompany contracts to be mirrored: Cargo COA, VC In COA, Cargo, VC In, Time Charter In, Time Charter Out, and FFA/Option/Bunker Swap Trade. When a contract of one of these types is created with internal counterparties, a mirrored contract is automatically created from the opposite perspective, so that users from both legal entities can manage the contract and include it in both their operational planning and their trading exposure and P&L.

  • When both CFGEnableContractMirroring and CFGEnableTCInvoiceMirroring are Y, and when a TC contract is mirrored, TCO invoices are mirrored from TCI invoices. Incremental invoice type is unavailable for such mirrored TC invoices.
  • If an **OV voyage has cargoes with multiple internal charterers, it can be mirrored with multiple RELT voyages, one for each internal charterer's company.
CFGEnableInvoiceMirroring

Applies only when CFGEnableContractMirroring is enabled; Freight Invoice, AR Demurrage Invoice, Rebillable Expense, and Rebill Claim invoices from the parent voyage are mirrored as Spot/Relet Freight Invoice, AP Demurrage, Voyage Other Expense, and Claim Payment (AP Claim) in the mirror voyage. They also acquire the same invoice numbers.

For Demurrage Invoices, the calculations are not mirrored, so opening the mirror Demurrage Invoice displays the parent voyage invoice. For this reason, the mirror invoice cannot be seen on the voyage Summary panel or Laytime Calculation Setup form. Mirror voyage invoices cannot be reviewed or approved; their status follows their counterparts from the parent voyage; posting has to be done manually in both voyages. The Claim Payment/Voyage Other Exp invoices in the mirror voyage can be rebilled by enabling the Rebillable check box/changing Type in the corresponding invoice forms (and not through the Transaction Data Entry form).

CFGAllowMirroredInvoiceApproval

Enables handling of mirrored invoices independently from their source invoices.

CFGMirrorContractRefNo

If CFGEnableContractMirroring is enabled, this flag enables mirroring of the Reference No. or Ref No. field between mirror contracts.

CFGEnableTCInvoiceMirroring

When enabled, invoices of mirrored intercompany TC contracts can be mirrored. When both CFGEnableContractMirroring and CFGEnableTCInvoiceMirroring are Y, and when a TC contract is mirrored, TCO invoices are mirrored from TCI invoices. Incremental invoice type is unavailable for such mirrored TC invoices.

CFGEnableVoyDataFlowViaMirroredTC

When enabled, voyages against mirrored TC contracts will share operations data. When a TC contract is mirrored with an internal counterparty, operations data (the itinerary and delays, excluding port expenses) of voyages against the TCI contract will appear in the voyage against the TCO contract. This data is read-only in the TCO voyage, serving as a view into the operations of the internal counterparty.

CFGDisableExternalCommissionMirroring

When enabled, at Model B mirroring of a Freight or TC contract, commissions on the external contract will not be propagated into internal contracts.

CFGEnableTCInvoiceStrictMirroring

When this config flag and CFGEnableContractMirroring are enabled, Period, Special, and Incremental invoices of mirrored intercompany TCs are strictly mirrored. CFGEnableTCInvoiceStrictMirroring takes precedence over CFGEnableTCInvoiceMirroring.

  • The Alloc P&L to TCO Voy check box is disabled and hidden from the TC form.

  • A TC invoice can be created from either side of a mirrored TC and is exactly mirrored to the other side, except:

    • Voy No of invoice detail line is not mirrored and still respects CFGDefVoyNoToTcoBill and CFGDefVoyNoToTciPay.
    • TC Rebill of invoice detail line is not mirrored.
CFGAutoPostMirroredInvoiceByType

When an invoice Source Code is included in the value of this flag, when an invoice of the type is posted, if it has a mirrored invoice, that is automatically also posted. If the posting of either side fails, neither side is posted. Possible values: FINV, RINV, TINV, DEMP, DEMR, DESP, DESR, POOL, OREB, CREB, CREV, TCOB, TCIP.

CFGIndependentMirroredInvoiceApproval

When enabled, the approvals of mirrored invoices are independent; if one side is approved, the other side must independently be approved by an authorized user.

CFGAutoInternalDemurrage

When enabled, for a Model B mirrored Cargo, demurrage/despatch between internal companies is automatically derived from the Laytime Calculation with the external counterparty.

  • If a reversible demurrage invoice with multiple cargoes is created for a charterer in a mirror RELT voyage, mirror invoices are created using model B invoice mirroring logic. The Adj% of the first cargo in the Laytime Calculation is used to determine the amounts for the mirror invoices.


CFGMirroredFreightInvoicesUseARInvNo

When enabled, mirrored freight invoices always use receivable invoice number.

If both CFGEnableInvoiceMirroring and CFGMirroredFreightInvoicesUseARInvNo are enabled, regardless of if a mirrored freight invoice is initiated from FINV or RINV/TINV side, the invoice number of both invoices should follow the numbering convention from the perspective of the FINV invoicing company. When either side of a mirrored freight invoice is posted, the posted invoice will use an FINV invoice number. This invoice number will be populated to both mirrored FINV and RINV/TINV bills. When the second side of the mirrored invoice is posted, the posted invoice will use the same FINV invoice number.

CFGApplyICAdjustmentToXfrt

If enabled, for a model B mirrored freight contract (Cargo / VC In and Cargo / VC In COAs), an Extra Freight Term is adjusted by IC Adj % in the same way as the base freight, if the Extra Freight Term type is Rate or Lumpsum (not Percent).

CFGAutoCloseMirrorVoyageChild

When enabled, when you close a mirrored parent voyage, the child voyage status is automatically set to Closed and is not editable.

CFGEnableIntercompanySecurity

Enables Intercompany Security, which enables you to establish which of your internal companies can transact with each other. Invoices or journal entries constituting transactions between internal companies not authorized per the setup on the Intercompany Security form cannot be posted.


...