IMOS On-Prem - Creating a Forward Cargo from an Estimate

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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.

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.

IMOS On-Prem - Creating a Forward Cargo from an Estimate

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