This is a Key Topic, with high value for all users.
When you need to set up a contract agreement to move a certain amount of cargo over a period of time, you can use a Cargo COA, or Contract of Affreightment. A Cargo COA is like an umbrella contract that might include several different cargoes and several different load and discharge ports, each with its own terms and costs.
A VC In COA represents the contract from a charterer's perspective. Whereas a Cargo COA is a long-term sale contract on a Voyage Charter basis, a VC In COA is a long-term purchase contract.
Cargo COA List
The Cargo COA List includes all Cargo COAs that you have the right to view.
On the Chartering menu , under Cargo, next to Cargo COA, click List.
These contracts also appear in the Cargo Schedule.
To view an existing Cargo COA, on the Cargo COA List, click its row or Contract ID link.
To create a new Cargo COA, do one of the following:
On the Cargo COA List, click the plus icon:
On the Chartering menu , under Cargo, click Cargo COA.
You can do any of the following:
As with any other details view, you can navigate to a different record by clicking its card or return to the list by clicking its Name.
To share a Cargo COA, copy its URL and then share it with any signed-in users in your organization.
The Cargo COA form includes the following sections:
When you save the Cargo COA, Cargo IDs are assigned to all the linked Cargoes, and you can use the ID to add a Cargo to a Voyage Fixture. To open an individual Cargo, right-click it and then click Cargo. All the parameters are copied from the COA.
When an Alert is entered for a Charterer, a Vessel, or a Port, the field is highlighted in light red.
Additional information for the current workspace is available in panels on the right:
Changing COA Status and Editing a COA
To change the status of a COA to or from Confirmed, you must have the Confirm COA Module Right selected. When a COA has status Confirmed, only certain fields can be edited, either with or without this right.
To amend locked fields in a COA that is "Confirmed", change the status of COA to "Pending" to make the required changes.
Use Company Lob Trade Area Hierarchy
Sets up a hierarchy between Company, LOB, and Trade Area on several forms.
Enforce COA Itinerary
Turns on validations between a cargo and the COA associated with it.
Contract Reference URL
Converts the Contract Link field to a Hyperlink. This is used to interface with third party systems such as Chinsay.
Delete Fixture Upon Voyage Deletion
When a voyage is deleted, its Voyage Fixture is also deleted. If the voyage was created from a Cargo COA (with CFGPreserveGeneratedCargoes disabled), the voyage's Cargo is deleted as well.
Reset COA Lifting Upon Fixture Deletion
When a Voyage Fixture is deleted, and its Cargo is a COA lifting, or when a COA Cargo is unscheduled by removing it from a voyage, the lifting is reset as follows:
Enable Contract Mirroring
Enables the following types of intercompany contracts to be mirrored: Cargo COA, VC In COA, Cargo, VC In, Time Charter In, Time Charter Out, and FFA/Option/Bunker Swap Trade. When a contract of one of these types is created with internal counterparties, a mirrored contract is automatically created from the opposite perspective, so that users from both legal entities can manage the contract and include it in both their operational planning and their trading exposure and P&L.
Show Remittance in Cargo
Adds Remittance Bank, Invoice %, Payment Terms, and Balance % fields to the CP Terms Details, Cargo COA, Cargo, VC In COA, and VC In forms. Also adds a Remittance Bank field to Time Charter Other Information. Remittance information flows between these places; for example, fixing an Estimate will transfer the remittance information.
Schedule Max Lift
Sets the Cargo CP Quantity to the Max Lift Quantity when scheduling a single cargo voyage where discharge is after all loads in the itinerary, using Create New Voyage from a COA or a Cargo or Schedule Voyage from a Cargo. After initial scheduling, all changes to CP Quantity must be made manually; there will be no automatic updates.
Restrict Cargo from COA
Causes the Cargo selection on the Cargo form to respect the Cargo list in the linked COA.
Update LD Rates When Linkedto COA
When linking a COA to a VC In or Cargo, the L/D Rates on the COA itinerary are copied to the lifting itinerary if one of the following is true:
Auto Number COA
Automatically assigns a Contract ID number on COAs.