Relevant to: Buyers and Growers
Navigation tree: Transactions > Contracts
Each contract between a buyer and grower will specify a tolerance on the quantity of the commodity that can be delivered. This means that the terms of the contract will be satisfied once a quantity within the tolerance range of the contract is delivered to the buyer by the grower. There are four different types of contract tolerances outlined below:
Min/Max (Nil) Tolerance: Min/Max tolerance requires the grower to deliver the precise quantity outlined in the contract - no more, no less.
5% or 12mt, whichever is less: As is suggested by the name, this tolerance varies depending on the quantity of the commodity that is specified in the contract. For all contracts specifying a quantity of 240mt or less, the range of tolerance of the contract will be plus or minus 5% of the quantity specified. In the instance where the contract specifies a value that exceeds 240mt, then the tolerance will simply be plus or minus 12mt from the base quantity.
+/- 25mt, 50mt, 10mt, 10%, 5%, 3%: These tolerances mean that the contract will be fulfilled once the delivered amount falls within the quantity outlined. e.g. for a 100mt contract with +/- 10mt tolerance, the contract will be fulfilled when delivered at least 90mt or up to 110mt.
Your tolerance will default to the last used when creating new Contracts. It is important to note that the contract will not be fulfilled (and therefore payment cannot be made) unless the tolerance terms are fulfilled.