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cats:questions:how_to_update_marine_insurance_rates [2019/05/22 15:07] – jen | cats:questions:how_to_update_marine_insurance_rates [2019/06/13 15:38] – [Insurance Rate Table] amanda | ||
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- | ====How to update marine insurance rates==== | + | =====How to Update Marine Insurance Rates===== |
- | + | Depending on your company' | |
- | There are three ways to update marine insurance rates: | + | |
* Traffic/ | * Traffic/ | ||
* Product Categories | * Product Categories | ||
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====Marine Insurance Report==== | ====Marine Insurance Report==== | ||
- | The marine insurance report is used to report the units, weight, and value of items that are afloat as of the end of a particular month. Set the filters as: | + | The marine insurance report is used to report the units, weight, and value of items that are afloat as of the end of a particular month. |
- | * Active - **Active** (shows only items that have not been marked complete). | + | |
- | * Report Type - **Marine Insurance**. | + | |
- | [{{: | + | |
- | * Fill in the month end date of the report you want to use. | + | |
- | [{{: | + | |
- | | + | |
- | * For CIF Valuation, reduce XD value by '' | + | |
- | * Require BLNo or Vessel - When checked, CATS will only include on this report items with a B/L Number or Vessel on the location screen. Otherwise all AF items will be displayed. | + | |
- | * Method 1 B/L Date (or other method listed) - This option is set up in the System Settings. | + | |
- | * Finalize marine insurance report - Check this option to fill in the Marine Insurance Date on the location screen for all items on this report. | + | |
- | <note warning> | + | |
- | * Set every other filter to read **All**. | + | |
- | The columns highlighted in the image below are suggested for inclusion on this report: | + | First, select your Marine Insurance |
- | | + | |
- | | + | To change the default rate on this report, go to Screen 2 and enter the Insurance Premium in the space provided. |
- | | + | [{{:cats:questions:traffic:marineinsurance_premiumontrafficreports.png|Change the Insurance |
- | | + | The rate will save automatically. |
- | * Sale Shp Terms - Shipment Terms for the allocated sale. | + | < |
- | [{{:cats:procedures:traffic:trafficreport_marineinsurancecolumns.png|Marine | + | |
Print this report as normal and use the totals to report your insurance. | Print this report as normal and use the totals to report your insurance. | ||
+ | ====Using the Product Categories Scan==== | ||
+ | You can set a separate marine insurance rate for each category of material in your system. To change these rates, go to **Codes & Terms** > **Product Codes** > **Product Categories**. | ||
+ | [{{: | ||
- | ====Product Categories==== | + | You can change the rates on each product |
- | Category codes are used to create classifications for types of material within products. Examples are creating categories with product | + | [{{: |
- | Pick **Add** from the category scan to add a new category code. | ||
- | [{{: | ||
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- | Enter the new code and pick **Apply** to continue. | ||
- | [{{: | ||
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- | Fill in the details for this product category. | ||
- | [{{: | ||
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- | **Description** - Enter a long description to be displayed when viewing this category.\\ | ||
**Marine FOB Insurance Rate** - Marine insurance rate to be used for this category when material is for shipment terms FOB.\\ | **Marine FOB Insurance Rate** - Marine insurance rate to be used for this category when material is for shipment terms FOB.\\ | ||
**Marine CIF Insurance Rate** - Marine insurance rate to be used for this category when material is for shipment terms CIF.\\ | **Marine CIF Insurance Rate** - Marine insurance rate to be used for this category when material is for shipment terms CIF.\\ | ||
- | **Inland Insurance Rate** - Inland insurance rate to be used for this category.\\ | ||
- | **Warehouse Insurance Rate** - Warehouse insurance rate to be used for this category.\\ | ||
- | **Measure, e.g. Bags Ctn Boxes** - Default measure for this category. You can override this on the grade or the contract.\\ | ||
- | **Exchange** - Default exchange for this category. You can override this on the grade or the contract item. The exchange can be used for Net Physical and Overall Position report purposes.\\ | ||
- | **Weighing Factor** - Ratio to use for calculating the weight of material in this category.\\ | ||
- | **Purchase G/L** - Default Purchase G/L number to use on invoices for this category, instead of the invoice default.\\ | ||
- | **Sale G/L** - Default Sale G/L number to use on invoices for this category, instead of the invoice default.\\ | ||
- | ===Insurance Rates=== | ||
If you enter insurance rates for this category, CATS will use this insurance rate for marine FOB, marine CIF, inland, and warehouse insurance rates instead of the system-wide default rate. | If you enter insurance rates for this category, CATS will use this insurance rate for marine FOB, marine CIF, inland, and warehouse insurance rates instead of the system-wide default rate. | ||
- | ===G/L Numbers=== | + | ====Insurance Rate Table==== |
- | Filling in the **Purchase G/L** or **Sale G/L** fields will cause invoices that reference material in this category to use this G/L instead of the system's default G/L numbers for invoices. | + | If you have the System Setting selected to use a separate marine insurance rate table, you can use this table in CATS to set specific rates based on matching material to a template. |
+ | |||
+ | Go to **Maintenance > Setup > System Setup > System Settings** and check the box next to **Use marine insurance table to filter records**.\\ | ||
+ | [{{: | ||
+ | Next, from the main menu go to **Codes & Terms** > **Cost Codes** > **Marine Insurance Percentage**.\\ | ||
+ | [{{: | ||
+ | CATS will call up a table of full and contingency rates based on shipment terms. | ||
+ | [{{: | ||
+ | Here you can add or change rates based on the **Shipment Terms**, which come from the contract main screen. | ||
+ | If CATS finds a location screen that matches the shipment terms in this table, it will use the rate you have indicated here. | ||