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Config flag CFGEnableBenchmarkEstimate adds an Exposure tab to the Cargo form. On this tab, you can either select the Use Exposure Settings from COA check box or enter the information.
- Inbound: Synced with all linked liftings that have the Use Pricing From COA check box selected. For those Cargoes, the Inbound check box is not editable.
Exposure Method
Different fields appear based on the Exposure Method:
- Route linked to Trade Area (default): Exposure is calculated according to the route linked to the Trade Area.
- Voyage Route: Instead of linking the exposure to a Trade Area, link the cargo directly to a Voyage Route, and enter a Route Correlation factor and an Adjustment. The Days Exposure is according to the route's basis days value.
- Benchmark Estimate: Specify several Benchmark Estimates to be linked to a single Cargo. The Benchmark Freight Rate can be calculated by entering the market rate and bunkers in the Benchmark Estimate.
- Benchmark M2M Basis:
- Min: The Benchmark Estimate with the lowest Benchmark Freight Rate is used for the exposure calculation.
- Max: The Benchmark Estimate with the highest Benchmark Freight Rate is used for the exposure calculation.
- Backhaul
- Manual: When Manual is selected, the S check box appears on the grid. You can add multiple Benchmark Estimates and manually select the one you want to use for the exposure calculation.
- When linked liftings are created from the COA, the status of the S check box on the liftings is inherited from the COA when Use Exposure Settings From COA is selected on the Cargo/VC In. But after creation, the status of the check box in the Cargo does not depend on the COA and can be modified even when Use Exposure Settings From COA is selected.
- Inbound
- Manual Exposure: Set the TC Route, Route Correlation, Route Adjustment, Contract Days, and Contract TCE manually, to have the exposure calculated according to the specified values. Note: Ensure that Fuel Grades are defined in this grid, otherwise bunker costs will not be factored into the daily rate for the contract.
In the Linked Trades table, you can specify Trade lots (per month) by selecting from those that are not linked to any other contract. To view a linked contract, right-click its line and then click See Trade Details.
In the Bunker Exposure Breakdown table, you can break down bunker exposure to different periods and keep bunkers in exposure until they are actually ordered. Once this table is populated, the bunker exposure for the Cargo is based on the quantities/symbols and dates in it.
In the Trading Profile Bunker Exposure Until field, select Ordering Bunkers (Benchmark Estimate) to have any bunkers in this table remain in exposure until they are lifted on a voyage or the voyage is completed.
Related Configuration Flags
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. |
CFGSyncCargoWithInitialEstimate | Syncs the Cargo with the 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). |
CFGAutoUpdateBunkerExposureOnVoyages | When enabled, on Cargoes that have their Exposure Method set to Benchmark Estimate and an estimate chosen, the Bunker Exposure Breakdown grid automatically populates with exposure information from the Benchmark Estimate. Once the voyage is scheduled, the Bunker Exposure Breakdown grid becomes read-only and automatically updates with data every time the voyage is updated. |
CFGLinkPaperTradeQty | When enabled, paper trades can be linked to physical trades on a quantity basis within a period, providing a more granular level of linking and allowing for one paper trade to be linked across multiple physical contracts within the same period. |