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Note: Requires the Barging module.
Equipment Contracts are similar to Time Charter contracts. An Equipment Contract governs the hire rate of the contractual period, the location and time for the boats and barges to be claimed and returned, and the conditions for their use. An Equipment Contract is not associated with a particular Tow.
Equipment Contracts support separate rates for boats and barges. If you have the appropriate Module Rights selected (under Time Chartering in Chartering and Operations), you can manage payments and issue invoices for boat and barge owners for the actual time each piece of equipment was on hire.
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- In the Chartering module center
, under Time Charter Manager, click Equipment Contract. - In the Operations module center
, under Time Charter In, click Equipment Contract. - On the Voyage Manager, click the Contract ID/Hire field label link.
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- Upon saving the contract, a Contract ID is automatically created using the following formula:
Reference No. + last two digits of the current year + T (for Time Charter Contracts, or S for Spot Contracts) + four-digit sequential number - The Summary Tree is at the right; when a tow has been used in a voyage, it summarizes and provides access to important forms and related information. You can attach and access documents or links.
About Equipment TC Contracts and Equipment Spot Contracts
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: Open the Hire Payment form to create a payment/bill.
: Open the TC Commission Summary to view and create Commission Payments.
: Open the Equipment History List to view all the equipment that was used during the life of the contract.
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- You cannot have two rates in effect for the same boat or barge on the same day. To do this, you can use a Rate Differential.
Differentials Grid
Select the Rate Differential types you want to use for this contract.
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