Navigating through the complexities of commodity contracts is now a breeze with AgriChain's user-friendly platform, offering a seamless feature for creating title transfers. This enables sellers to smoothly transfer ownership of stored commodities directly to buyers on the scheduled transfer date. The following steps provide a user-friendly guide to ensure a hassle free experience

How to Create a Title Transfer

Standalone Title Transfer

• In the left sidebar, select the 'Title Transfer' option. Here, you'll find all existing title transfers associated with the account.
• Click on the  button to create a new standalone title transfer.
• The subsequent steps of creation mirror those of contracts, ensuring a familiar and intuitive process.
  As it's a standalone title transfer, exclude the contract number. 
• Add an internal number in the reference number section to personalise and categorise your title transfer.
• Utilise the  button to include any necessary documents supporting the transfer, enhancing documentation and transparency.

Creating from Contract Page

• Start by clicking on 'Contracts' in the left navigation bar to access a clear list of all your contracts.
• Choose the specific contract where you wish to add a title transfer. A simple click will lead you to the detailed contract page.
• Find the 'Title Transfer' tab at the top of the contract details page and click on it to proceed.
• In the 'Title Transfer' tab, locate the 'Title Transfer' button at the top-right corner to begin creating a title transfer.
• Fill in the required details effortlessly, including Seller company, Buyer company, Transfer date, Tonnage grade, tonnage, buyer NGR, seller NGR, etc.
• Complete the process smoothly by clicking the 'Save' button at the bottom, ensuring your title transfer is securely stored.

FAQs

Can I create a standalone title transfer without associating it with a contract?

Absolutely. In the 'Title Transfers' section, click on '+ Title Transfer' to create a standalone transfer not linked to a specific contract. This provides flexibility in managing individual transactions.

Is it possible to edit details after creating a title transfer?

Unfortunately, once the title transfer is saved, the details become permanent. Ensure accuracy during creation. If modifications are necessary, consider creating a new title transfer with the correct information.

Can I initiate a title transfer without a scheduled transfer date?

Every title transfer requires a transfer date. This ensures precision in execution and transparency in the system. Future dates are recommended for planning and coordination.

What happens if the tonnage specified in the title transfer doesn't match the actual delivered quantity?

It's crucial to input accurate tonnage. If discrepancies arise, consider creating a new title transfer with the correct details. Communicate any variations to the involved parties for clarity.

Can I create a title transfer for commodities stored at a location other than the bulk handler's site?

No, the BHC site specified in the title transfer must align with the actual storage location. Ensure consistency for a seamless transfer process.

Is there a limit to the number of attachments in a title transfer?

AgriChain allows multiple attachments for thorough documentation. However, ensure that the attached files are relevant and support the transfer process.

Can I track the status of a title transfer after creation?

Yes, the 'Title Transfers' section provides real-time status updates. Monitor the progress and completion of each transfer for efficient contract management.

What if I forget to attach supporting documents during the title transfer creation?

While attaching files is recommended for comprehensive documentation, it's not mandatory. You can always go back and attach relevant files later for reference and clarity.

Can I void a title transfer after it has been executed?

Once a title transfer is executed, it cannot be voided. Ensure all details are accurate before confirming the transfer to avoid complications.

Are there any restrictions on the characters or format of the internal reference number?

There are no strict limitations, but consider using a clear and consistent format for internal reference numbers. This helps in organising and retrieving information efficiently.