Purchasing Grain 3rd Party

Use this guide when Grain is purchased and stored at another elevator.

For this example…. Elevator A is purchasing grain from Elevator B. Elevator A does not have room to store the grain and will leave the grain he purchased at Elevator B In storage.

Steps for Elevator A

Step 1. Enter a purchase contract for Elevator B

Step 2. Enter and Inbound Direct Ticket with Elevator B Name Id and Apply to the Purchased contract that was created in step 1.

Step 3. Enter an Outbound Direct Terminal Storage Ticket for Elevator A and place on Hold. This will record Terminal Storage in the Position.

Step 4. Produce a Purchase delivery sheet for the tickets applied to the purchase contract.

Step 5. Produce a Purchase settlement and pay Elevator B for the Grain Purchased.

*Note Outbound Direct terminal storage ticket stays on hold until a decision is made to move the Grain or sell it back to Elevator B.

Steps for Elevator B

Step 1. Seller will create a sales contract for Elevator A.

Step 2. Seller will create an Inbound Direct ticket for Elevator A and Apply to Open storage for Elevator A.

Step 3. Seller will create an Outbound Direct ticket for Elevator A and apply to Sales contract.

Step 4. Seller will produce a sales delivery sheet.

Step 5. Seller will Produce a sales settlement and create and Invoice.

Step 6. Seller will apply the payment made by Elevator A to the invoice.

*Note for Elevator A…If the Grain gets sold back to the seller, Elevator A can take the Outbound Direct Terminal Storage ticket and Apply to a sales contract.

*Note for Elevator A…If the grain gets loaded out of the 3^rd Party facility and brought to Elevator A’s site, Then apply the Inbound tickets to a spot contract daily & apply the same amount of the Outbound direct terminal store tickets that are on hold to a spot contract at the same price as the Purchase. Then when done, do a final settlement and select the purchase and sales delivery sheets to create zero settlement.