To setup a new counterparty go to Credit and then to the Companies tab.

Adding New Counterparty

From the Companies list,

1. Click on to create a new line.
2. In Company Name, enter the name of the company.
3. In Company Type, select the applicable company type.

*Company type available are Traders,Banks, Brokers, NOCs,Ship Owners,State Owned Enterprises.* The list can be expanded upon request to our support.

4. In Company Status, select Active, Inactive or Proposed.
5. In Group Company?, tick the box if this company is a group or parent company of another company.
6. In Grouping, select the related grouping companies if applicable.
7. In Comments, enter any applicable comments for this company.
8. Click to confirm creation.
9. To edit companies details after creation, Click to edit.

From the Counterparties list,

1. After a new companies is created in the companies list, select the newly created companies from the list.
2. From the counterparties list on the right, Click on to create a new line.
3. In Counterparty Name, enter the name of the counterparty.

*Counterparty type available are Vendor,Customer,Agent,Charterer,Surveyor,etc.* The list can be expanded upon request to our support.

4. In Counterparty Description, enter any applicable description of the counterparty.
5. In Email Addresses, enter any applicable email addresses for the counterparty.

*For more than 1 email address entry, ; can be used. For example: agent1@company.com; agent2@company.com*

6. In Default Settl. Basis, select any default settlement basis applicable to this counterparty only. When the counterparty is used in bunker interface, the system will automatically default this settlement basis in the contract.
7. Click to confirm creation.
8. To edit counterparties details after creation, Click to edit.

From the Address view,

1. After a new counterparty is created in the counterparty list, select the newly created counterparty from the list.
2. From the Address view, Click on to create a new line.
3. In Address, enter the name of the address type that identify this address to the counterparty.For example, Headquarters or Singapore Office.
4. In Default?, tick the box if this address is being used as default for all invoices with this counterparty
5. In Active?, tick the box to set this Address Active.
6. Click to confirm creation.
7. To edit address details after creation, Click to edit.

From the Address Line view,

1. After a new address is created in the address list, select the newly created address from the list.
2. From the Address view, Click on to create a new line.
3. In Line Order Num, enter the order of the address to be display. Example: 1 for appearing in first line. 2 for appearing in second line.
4. In Address Line, enter the address details in the Address Line.
5. Click to confirm creation.
6. To edit address line details after creation, Click to edit.

Address of counterparties are typically used in invoice printing from the system.