Carry Charges – Standard Discount/Premium as a Number of Days Late

Setup Discount Code: In this example LD is my code for calculating charges on Grain picked up after the ending delivery period on a Contract Price Schedule. Grade Factor Method 3, Number of Days Late, is used to calculate the number of days beyond the ending delivery period.

Setup Discount Table: Enter the Discount Code, specify a Commodity Code and then click on OK. Assign a Discount Table and an Effective Date and click on OK.

Enter a Description for the table. Click on OK to proceed.

Select 2) Multiple Grades

Build the Discount Table: Below is an example where the rate is based on each 1 cent for each four days.

Below is an example of one screen of the discount table.

Add the Discount Code to the applicable Commodity Codes.

In Discount Tables, Select 5) Default Discount Tables. Specify the Commodity Code and Location and then click on OK.

In the Discount Defaults enter the discount table on each contract application type.
Note this is just a default. During Contract Entry the default can be overridden.

When a ticket is entered it will look at the shipment date on the ticket and compare it to the ending date of the contract and then calculate a late or carry charge if applicable. The example below shows a ticket with a Shipment Date of 09/16/19.

The Customer Webinar, has only one open Contract 0000040 with an Ending Shipment Date of 08/31/2019.

The system calculates 16 days late and per the table charges the Customer 4 Cents per Bushel.

Carry Charges – Calculate at Time of Settlement Based on Time Period

Scenario: Sales Contract has a provision for Carry Charges at a rate of 5 cents per bushel per month beyond the Delivery Date.
Setup Discount Code for Carry Charges. Set the Discount/Premium Type to 5, Calculate At Time of Settlement Based on Time Period. Click on OK.

The setup of a Discount/Premium Type 5 will prompt the box below. Specify a Default Start Date and End Date.

Setup a Storage Charge Table to be used with CC. In Storage/DP Tables, setup Storage Table(s). After assigning a table number, give the table a description and determine a time period. Click on OK.

Setup the Storage Rates. In the example below the charge would be 5 cents per month.


Setup a Discount Table for use with CC. Enter the Discount Code, Specify a Commodity Code and click on OK. Specify a Discount Table and an Effective Date and then click on OK.

Enter a Description for the Discount Table and click on OK. Enter a Rate Type of S = Storage Charge Table. Note, the rate will be set to zero since the rate will come from the Storage Charge Table. Click on OK.

Link the Discount Table to your Storage Charge Table.

Add Carry Charges as a Settlement Discount on Sales contract by clicking on the Settlement Discounts Button on the Pricing Screen of the Contract.

Add your Discount Code and click on OK.

Pick your Discount Table and click on OK. This will link the Carry Charge Table to the Contract.

Below is an example of Sales Contract 0000041 with a Due Date of 06/30/2019. A ticket date 09/16/2019 is applied to the Contract.

On the resulting settlement, note the 20 Cents per bushel charge.



~Document Written by Phil Lehnhausen

9/19