Relevant to: Buyers
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When a user creates a delivery onto a contract, that delivery will appear in the user's Deliveries module. Normally, the details regarding this delivery will also be automatically created in the counterparties Delivery module; however, this conventional method is altered for three prices basis': 1) CFR Port, 2) CIF Port and 3) FOB Port
In these three contract cost basis types, the corresponding delivery information will not be shared with the counterparty until the user (seller) has created the sales invoice.
This method has been established to accurately reflect conventional industry practices.