Time Period Based Contracts
- Hitesh Sarup
Analytics
Title: Understanding of Time period-based contracts.
Description: Time period-based contracts, also known as term contracts, are a specific type of contractual agreement that defines the terms, conditions, and duration of a business arrangement or relationship between two or more parties. These contracts are based on a predefined time period and come with distinct characteristics.
Prerequisites (if applicable):
How to create time period-based contracts
Navigated to Shipsy portal > Setup > Middle Mile > Rate Master > Contracts.
Click on Add New Contract option > Fill up the relevant details:
> Contract Name: Specific name of the contract
> Customer code: Enter the customer code for which you creating the time period-based contracts.
> Date Range: Duration of the contract to be active.
Outcome: Time period-based contracts will be created for the respective customers as per the user requirements. The further rates & charges will be applied on the basis of the contract setup.