How does Advanced Pricing rules in VC In COA and Cargo contract impact demurrage/despatch rates?
There are several options within the VC In COA and Cargo contract that determine the demurrage/despatch rate for a Cargo contract.
These options are:
VC In COA - Advanced
VC In COA - Advanced Pricing Overrides ‘Demurrage/Despatch’
Cargo Contract - Use Pricing from COA
Cargo Contract - Advanced
Below is a matrix for the permutations/combinations of the checkboxes:
S/N | VC In COA checkboxes | Cargo Contract checkboxes | Cargo Contract takes demurrage /despatch rates from: | Able to manually edit demurrage /despatch rates in Cargo Contract? | ||
(1) Advanced | (2) Advanced Pricing Overrides ‘Demurrage/Despatch’ | (3) Use Pricing from COA | (4) Advanced |
|
| |
1 | Checked | Checked | Checked | Checked | VC In COA | No |
2 | Checked | Checked | Not checked | Not checked | Cargo contract; user must key in manually | Yes |
3 | Checked | Checked | Not checked | Checked | Cargo contract; user must key in manually | Yes |
4 | Checked | Checked | Checked | Not checked | Scenario does not exist, as checked ‘Use Pricing from COA’ will auto-check ‘Advanced’ | - |
5 | Checked | Not checked | Checked | Checked | Cargo contract (populated from Advanced Pricing rule) | No |
6 | Checked | Not checked | Not checked | Checked | Cargo contract (populated from Advanced Pricing rule) | Yes |
7 | Checked | Not checked | Not checked | Not checked | Cargo contract; user must key in manually | Yes |
8 | Checked | Not checked | Checked | Not checked | Scenario does not exist, as checked ‘Use Pricing from COA’ will auto-check ‘Advanced’ | - |
From the above matrix, we can deduce that:
If Use Pricing from COA checkbox is checked in the cargo contract, the operator will not able to edit the demurrage/despatch rates manually in the cargo contract.
The VC In COA’s demurrage/despatch rates will override the rates in each cargo contract if the checkboxes (2) Advanced Pricing Overrides ‘Demurrage/Despatch’ and (3) Use Pricing from COA are checked.
You may refer to IMOS - Advanced Pricing for more information on the Advanced Pricing Overrides function.