How to create a Freight Only Contract

How to create a freight only contract

Go to Grn>Setup Information>Contract Type

Click on Insert

Contract Type- Choose two letters to represent the contract type

Description- Enter a description for the contract type

Priority- We recommend a priority level of 13

Hedge Position- Enter 0) Do Not Include on Report

Use Unique Range- Y) We recommend using a Unique Range

Enter the fields that are to be available on the contract

Below are the recommended fields but can be changed

Save/Exit

Go to GRN>Commodity Tables>Commodity Codes>Add a new Commodity

Enter a commodity code and location

Note* If letters were used to create previous commodity codes we recommend using numbers to create the Freight Commodity code.

If numbers were used to create previous commodity codes we recommend using letter to create the Freight Commodity code.

Enter the following field on this screen

Description- Choose a Description

Hedgeable- N

Delivery Sheets by Grade -N

Change all valid futures months to N

Blank out the Default Board

Enter the Trade, Position and Ledger Units of Measure as Units with the weight as1.00

Click on Next

Blank out all discount codes as they are not needed for a Freight Only Contract

Click on Save/Exit

Go to Customize>Document Numbers>Sales/Purchases by Type

Allow Unique Range for Each Location- Choose Yes for each location to have its own range

Choose No for each location to have the same range

Unique Range by Contract type- Defaulted Y

Use Last Number to Default Next -Y

Allow Ability to Enter Number – Y or N

Enter the sequence to be used for the Freight only contracts

Click on ok to save

Note* If Freight only will be used for purchase and sales contracts this setup needs to be done for both.

Edited by AKB 10/6/23