Note: This form already includes standard terms.
The Extra Freight Terms represent cargo-related extra revenues/expenses to be included in the Freight Invoice. These terms can be applied to a particular cargo and are calculated based on a lumpsum, a percentage, or a rate. You can add Extra Freight Terms to the Cargo, COA, and CP Terms Details forms.
On the Data Center menu click Extra Freight Terms.
The second letter of the Extra Freight Term represents the Type:
L = Lumpsum
P = Percentage
R = Rate
Extra Freight Terms include the following:
- 0L through 9L, 0P through 9P, and 0R through 9R: Ten user-defined sets of Extra Lumpsum, Extra Percentage, and Extra Rate terms
- BL, BP, and BR: Bunker Surcharge Lumpsum, Bunker Surcharge Percentage, and Bunker Surcharge Rate, per metric ton; a way for a vessel owner to cover an increase in bunker prices between the time the voyage is created and the time it takes place
- D1, D2, and D3: Extra Discharge Rates (These rates are applied conditionally; they allow you to record the price in the contract if a. there are multiple discharge ports, and b. the discharge is split between multiple ports.)
- DL, DP, and DR: Deadfreight Lumpsum, Deadfreight Percentage of World Scale Level, and Deadfreight Rate; for cargo loaded below the specified amount
- EF: Extra Freight Lumpsum
- L1, L2, and L3: Extra Loading Rate
- OL, OP, and OR: Overage Lumpsum, Overage Percentage of World Scale Level, and Overage Rate; for additional cargo or overage
- PD and RD: Port Differential and River Differential Lumpsums
- S1, S2, and S3: Extra Loading Lumpsums
- T1, T2, and T3: Extra Discharge Lumpsums
- TR: Trucking Costs per metric ton
- XD: Lightering Overtime Rate
- XO: OPA Percent
Inactive Extra Freight Terms do not appear as a selection to add to a Cargo. If an inactive Extra Freight Term is still populating on freight invoices, check if there is an attached COA under Pricing. Since this was configured in the COA and saved, the inactive will not take effect on already entered data but will not allow the term to be entered after the Extra Freight Term is labeled as inactive.
Extra Freight Terms mapped to a Recoverable Bill Code are excluded from the Voyage P&L.
Bill Code:
Entering a Bill Code can link specific extra freight terms to specific accounts. Bill Code is going to pull its values from the Business rules section under the Financials module.