Introduction

AgriChain's platform facilitates a streamlined process by allowing users to create draft freight orders and title transfers against broker notes and commodity contracts before their formal confirmation. This feature is designed to enhance efficiency, enabling relevant counter-parties to expedite activities associated with the fulfilment of commodity contracts.

Key Points for Draft Freight Orders and Title Transfers

Creation prior to confirmation: Users can create draft freight orders and title transfers against broker notes and commodity contracts before their confirmation. This proactive approach aims to accelerate the execution of activities related to commodity contract fulfillment.
Draft Freight Orders: Draft freight orders will remain in a pending state until the broker note and/or commodity contract are confirmed with a contract number. Confirmation involves the acceptance or rejection of the broker note or commodity contract.
Title Transfers: Execution Conditions: Draft title transfers, on the other hand, follow a slightly different process. They will only be executed once the broker note and/or commodity contract are confirmed with a contract number. Furthermore, the execution of title transfers will occur exclusively on the nominated transfer date.

Mandatory Contract Number Input: In situations where a broker note is created without a commodity contract number and draft freight orders or title transfers are associated with it, the confirmation of the contract mandates the input of a contract number during acceptance.

Opting Out of the Contract Number Requirement: Users who prefer not to make the input of a contract number compulsory during the confirmation of a broker note or contract should refrain from creating any draft freight orders or title transfers against it.

Ensuring a Seamless Workflow

Efficiency Enhancement

Creating draft freight orders and title transfers in advance streamlines processes, contributing to quicker commodity contract fulfillment.

Confirmation Alignment

Aligning the confirmation of broker notes and commodity contracts with the input of a contract number ensures accurate tracking and documentation.

Flexibility for Users

The option to opt out of the contract number requirement provides flexibility to users based on their workflow preferences.

Conclusion

AgriChain's platform empowers users with the flexibility to manage draft freight orders and title transfers efficiently. By understanding the nuanced workflow, users can make informed decisions to optimize their commodity contract processes, ensuring a seamless and expedited experience.