Feeder Costing

Feeder Costing

Feeder costing module will allow the user to setup the tariff agreed with the different feeder operators. It has the facility to calculate the feeder cost payable to the feeder operator based on the feeder movements as shown below.

1. Feeder Cost Setup

User can define the feeder rate by each feeder operator with the port pairs as shown below,

System has the facility to define the feeder rate by POL/POD Freight terms and Shipment type.

1. Feeder Cost calculation

Once user selects the feeder operator & date range, system will bring all containers loaded with that particular feeder operator during the selected date range. System will compare the details with the Feeder rate setup and fetch the tariff payable to the Feeder Operator as shown below.

System will show all the details related to that feeder movement as shown below,

While posting, system will Credit the total amount to the respective feeder operator AP account as defined in the Feeder operator master as shown below.

The corresponding Debit will go to respective Vessel/Voyage in the voyage ledger, Feeder cost disbursement charge code will be defined in the config as shown below.

The accounting entries will be as follows,

Credit Feeder Operator(Accounts Payable)

DebitEach Vessel/Voyage in voyage ledger(Carrier GL setup - Disbursement Account)

AP Voucher: Which will show the charges to payable to the Feeder operator

Journal Voucher:Which will show the financial impact

Voyage Ledger: Will show the impact on the respective Vessel/Voyage

Important Note:

1.System will link the manifest data based on the BL number available in the movements in order to pick the shipment type for POL and POD.

2.System will bring the feeder movements by linking the feeder vessel schedule, so the feeder vessel schedule should have the proper Feeder operator code.

3. During TSP allocation and confirmation, POL and POD freight term is captured and stored in the movements, based on this system will bring the corresponding rate from the Feeder cost setup.

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