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IMOS DocumentationIMOS DocumentationGetting Started with IMOS On-Prem
Getting Started with IMOS On-Prem
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Info

Configuration flag CFGEnableBenchmarkEstimate must be enabled.

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Multi-Cargo Benchmark Estimate

With configuration flag CFGEnableMultiCargoBenchmarkEstimates, multiple Cargoes can be added to a Benchmark Estimate and scheduled on a voyage.

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  • Exposure details are synced across linked Cargoes.

  • Changing any of the following synced fields on the Exposure tab of a linked Cargo updates the other linked Cargoes:

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    • Exposure Basis Month

    • Strategy

    • Overriding TCE

    • Bunker Estimate grid

    • Bunker Exposure Breakdown grid

  • Changing any of the following fields on a linked Cargo breaks the link; when it is broken, it cannot be restored. The Cargoes must be re-created from the Benchmark Estimate to reestablish the link.

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    • Initial Estimate

    • Exposure Method

    • Benchmark M2M Basis

    • Use Benchmark Adjustment Table

  • If one linked Cargo is removed, the link with the other Cargoes remains.

  • A multi-cargo Benchmark Estimate can only be selected from the Exposure tab if the Cargo is linked to the multi-cargo benchmark estimate through the Benchmark Link ID.

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  1. On the Cargo toolbar, click Estimate and then click Add Cargo To New Estimate From Benchmark.

  2. A new Voyage Estimate appears in an Estimate Worksheet.

    Anchor
    ChangingABenchmark
    ChangingABenchmark

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  1. Create a Benchmark Estimate.

  2. On CP Terms Details, specify all the itinerary options.

  3. Verify that the Freight Type is Flat Rate.

  4. On the Benchmark Estimate toolbar, click , then click Fix Cargo.

  5. On the newly created Cargo, set the Freight Type to Use Price Matrix.

  6. On the Cargo Pricing tab, click the Update from Opts button and update all the pricing details.

  7. On the Cargo Exposure tab, set the Benchmark Route and Correlation, and the Benchmark Bunker Curve, if relevant.

  8. On the Trading Profile, select the Overwrite Itinerary on Benchmark Est check box.

Expand
titleRelated Configuration Flags

Name/Flag

Description

Enable Benchmark Estimate
CFGEnableBenchmarkEstimate

In Voyage Estimate Details view, under Estimate Summary, a Benchmark check box appears. To mark an Estimate as a Benchmark Estimate, select the check box. Benchmark Estimates must have exactly one cargo, and they cannot be fixed.

In Cargo On COA and Cargo/VC In forms, an Exposure tab appears. If a cargo is linked to a Benchmark Estimate via the Exposure tab, the market rate will be used as the TCE in the Benchmark Estimate and back-calculate the $/ton rate in the Trading Profit and Loss.

In Cargo Matching, when creating a New Program, a Create Estimate From Benchmark check box appears; if you select the check box, the Benchmark Estimate linked to the cargo will be used as the basis for the Estimate.

Enable Multi Cargo Benchmark Estimates
CFGEnableMultiCargoBenchmarkEstimates

When enabled along with CFGEnableBenchmarkEstimate, lifts the requirement that Benchmark Estimates must have exactly one cargo. Further, causes Cargoes created from the same Benchmark Estimate to be linked and sync exposure information. Cannot be enabled alongside CFGEnableCargoBooking.

Lock Initial Estimate
CFGLockInitialEstimate

Locks the initial Benchmark Estimate after the Cargo contract is created. When the Cargo contract is Confirmed, it can be edited, but the corresponding Initial estimate is locked. For all other statuses, the Initial estimate can be edited, but Freight Type and Frt Rate fields on the Cargo cannot. They must be updated from the Initial estimate (applies when CFGSyncCargoWithInitialEstimate is ON).

Sync Cargo With Initial Estimate
CFGSyncCargoWithInitialEstimate

Syncs the Cargo with the Initial Estimate, as long as there is only one Cargo and one Initial Estimate; if the same Initial Estimate is used for multiple Cargoes, one:many will not be synced when the Initial Estimate is updated.

If the Estimate has two Cargoes linked to it, the Open Contract button on the toolbar is named Contracts and has two options:

  • Open Contract opens the first Cargo.

  • Open Related Cargoes opens a selection window with all Cargoes that have that Estimate as their Initial Estimate.

When a VC In is set to use a TCOV Benchmark Estimate, the VC In will not be updated when a change is made to the Initial Estimate.

When CFGLockInitialEstimate is also enabled, and there are multiple Cargoes that use the Benchmark Estimate as the Initial Estimate, this flag is ignored: The Estimate can be edited and saved.