Introduction

Contracts in AgriChain undergo various statuses and sub-statuses to provide clarity on their progress and completion. Here's a comprehensive guide to understanding the different statuses and sub-statuses within the platform:

Contract Statuses

Awaiting Confirmation

Shown to the contract creator when sent to the counterparty but not yet accepted or rejected.

Action Pending

Displayed to the contract receiver upon receiving the contract, awaiting acceptance or rejection.

Confirmed

The contract has been accepted by the receiver, no movement or title transfer has occurred, and the delivery start date has not yet arrived.

Rejected

Shown to both parties when the contract receiver rejects the contract.

Void

It indicates the contract is voided and is displayed to both parties when the void request receiver accepts the void request.

Open

It is shown when the delivery start date has passed and no movement or title transfer has occurred.

In Progress

Indicates the first movement of the contract has been delivered or transferred.

Delivered

Shown when the required tonnage as per the contract has been delivered or transferred within the defined tolerance range.

Completed

Displayed when the contract is delivered, and all movements are marked complete by the buyer or automatically completed by the system.

Invoiced

Shown when the contract, in completed status, has generated invoices for all movements and title transfers.

Paid

Indicates the contract has been invoiced, and all invoices are either in Paid or OverPaid status.

Contract Sub-Statuses

Delayed

It is shown when the delivery end date has passed, but the contract is not yet delivered.

Void Request Sent

Displayed to the void request sender until the counter-party accepts the void request.

Amend Request Sent

Indicates the amend request sender until the counter-party accepts the amend request.

Amended

Shown when the amend request has been accepted by the amend request receiver.

Seller Brokerage Invoiced

Indicates the invoicing of complete brokerage fees for the seller as defined in the contract.

Buyer Brokerage Invoiced

Indicates the invoicing of complete brokerage fees for the buyer as defined in the contract.

FAQs

Can a confirmed contract be rejected?

No, once a contract is confirmed, it cannot be rejected. The rejection option is available before confirmation.

What triggers the transition from "open" to "in progress"?

The status changes to "In Progress" when the first movement of the contract has been successfully delivered or transferred.

When is a contract considered "delivered"?

The "delivered" status is assigned when the required tonnage specified in the contract has been delivered or transferred within the defined tolerance range.

What triggers the transition from "invoiced" to "paid"?

The "Paid" status is assigned when the contract has been invoiced, and all associated invoices are either marked as Paid or OverPaid.

Is it possible to void a contract after it has been confirmed?

Yes, a contract can be voided after confirmation, and the void status will be shown to both parties once the void request receiver accepts it.