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To create a Forward Cargo Contract from an Estimate:
- Either create a new Estimate or copy an existing Estimate. If a copy is made from an Estimate with an existing Cargo, be sure to clear the link to the existing Cargo at the system prompt.
- When all Estimate details are complete, select the Benchmark check box in Details view.
- When the Cargo needs to be fixed, click
, then click Fix Cargo. All the information from the Voyage Estimate moves to the Cargo contract, and the button changes to 
. If any validation rules are not complied with, a warning message appears. - On the Cargo form, the Benchmark Estimate is linked as the Initial Estimate, as well as the Benchmark Est. used for the exposure calculation.
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| title | Related Configuration Flags |
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| 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 COA and Cargo 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. |
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