1. Buy FOB sell CIF/CFR cargo
Action/
Event
Plan shipment
TRADERs match
supply to
demand
Operators
TRADERs create
BUY/SELL deals
Enter the deal -cargo trades
in the system/after having
“go” from the trader
Make
nominations
Actualize
loading
Actualize
delivery
Settle trades/
reconciliation
Settle costs/
expenses
SHIPMENTS
WORKBENCH
Create deal-
cargo trade
Breakdown the
deal into shipment
and parcels
Enter ship
ment planning
data(mode,
vsl,laycan, etc)
Enter nomination
details (carrier,
vessel, laycan etc.)
Enter inspection
nomination
(inspection
company etc.)
Actualise parcels –
SUPPLY SIDE
(key in actual data)
Actualise parcels –
DEMAND SIDE
(key in actual data)
Physical part of
the Shipment Is
completed
Record costs
 Against shipments
(allocate to parcels)
 Against parcels
Such as financing costs,
brokerage fees, other expenses
TO do’s
Actualize all other costs
Related to shipment
(depending on
agreement with other
depts as accounting
and finance)
In DETAILS menu
match supply to demand by
allocation of Buy/SELL sides in
the system
Review
unallocated supply
and demand
Match supply/demand
parcels
Auto creation of
opposite side of the
deal
PnL
preliminary is
calculated
After pricing is over final
PnL is claculated by the
system
PnL is checked and
approved by all
departments
Demmurrage
calculation is done
and other claims/
quality etc
ALLOCATIONS
WORKBENCH
Allocated deal
reported and
completely
closed
INVENTORY
WORKBENCH
Autodisplay IN
TRANSIT inventory
Autoremove IN
TRANSIT inventory
XOR
Upon necessity
create
ALLOCATION