Essential Terms

Essential Terms (ET) are certain portion of the service contract that are published publicly as per the regulations laid by Federal Maritime Commission (FMC). The terms, sometimes, need to be made available to public even after two years of the expiry of the service contract. The Essential Terms window of MOLPower allows you to search the active contracts based on certain filtering criteria, and can view the Essential Terms of the searched contracts. The window comprises of the following two sections:

Essential Terms - This section is used to search the active contracts based on certain filtering criteria available under the Search Criteria group box, and to view the results under the Contract List group box.

ET Detail - This section displays the Essential Terms of the record currently selected under the Contact List group box.

Essential Terms of the contracts are needed for FMC related trades only.
The Essential Terms of the contracts are recorded in Star-Net application. The Essential Terms window of the MOLPower is used to query the existing GPM and MPS contracts and view the details of their Essential Terms.
The existing contracts can be queried based on at least one of the following search criteria:

Contract Number
Access Date
Origin Country
Destination Country
Commodities.

As per the FMC regulations, the following information of the service contract are displayed publicly:

Contract Number
Minimum Quantity Commitment (MQC) at the Contract Level
Effective Date of the Contract
Expiry Date of the Contract
Date of Last Revision of the Contract
Origin Country(s) associated to the Contract
Destination Country(s) associated to the Contract
Commodity(s) associated to the Contract

Using this window you are able to perform following action:

Click Menu > Essential Terms

This is applicable when all the contracts created in the GT Nexus Website become expired.

The Essential Terms window consists of following items:

Item	Description
Essential Terms section... This section consists of two group boxes - Search Criteria and Contract List. The Search Criteria group box is used to search the existing contracts based on certain filtering criteria. Accordingly the searched results are retrieved and displayed under the Contract List group box.
Search Criteria group box... To search the existing contracts, at least one search criteria is Required, otherwise, a message is displayed "Please enter sufficient search parameters".
Contract No	Enter appropriate number of an existing contract to search a particular contract. Conditional
Access Date	Click and select a date from the calendar to search contract(s) by the selected access date. Conditional
Origin Country	Select a country from the drop-down to search contract(s) for which the selected country has been specified as origin country. Conditional
Destination Country	Select a country from the drop-down to search contract(s) for which the selected country has been specified as destination country. Conditional
Commodities	Enter appropriate names of the commodities to search contract(s) associated to the entered commodities. Conditional
SEARCH	Click this button to search the contract(s) based on the given criteria.
Contract List group box... All information displayed under this group box are Auto-populated and Read-only. If the number of searched records is too large, MOLPower distributes the records in multiple pages, and by default, each page displays 15 records which you can change as per your requirement. You can select appropriate number within the range of 5 to 50, from the Page Size drop-down list. Accordingly, the number of records displayed under the Contract List group box is reduced/increased.
Contract No	Contract number.
Effective Date	Date from which the corresponding contract remains valid.
Expiry Date	Date till which the corresponding contract remains valid.
Date of Last Revision	Last revision date of the corresponding contract.
MQC	Minimum Quantity Commitment (MQC) as mentioned in the corresponding contract.
ET Detail section... This section displays the Essential Terms of the record currently selected under the Contact List group box.
Contract Details group box... All information displayed under this group box are Auto-populated and Read-only.
Contract	Contract number of the record currently selected under the Contact List group box.
MQC	Minimum Quantity Commitment (MQC) of the record currently selected under the Contact List group box.
Effective Date	Date from which the contract remains valid, associated to the record currently selected under the Contact List group box.
Expiry Date	Date till which the contract remains valid, associated to the record currently selected under the Contact List group box.
Date of Last Revision	Last revision date of the record currently selected under the Contact List group box.
Origin Countries	Origin country(s) associated to the record currently selected under the Contact List group box.
Destination Countries	Destination country(s) associated to the record currently selected under the Contact List group box.
Commodities	Commodity(s) associated to the record currently selected under the Contact List group box. By default, the text box displays only 5 rows, accordingly information of commodities are displayed within that default text area. However, if complete information is not displayed within the default text area, you need to increase the row number of the text box by selecting a higher value from the Rows drop-down list.

Enter appropriate filtering criteria under the Search Criteria group box.
Click SEARCH. Based on the given criteria, the contracts are retrieved and displayed under the Contract List group box.
Click Select link corresponding to a record displayed under the Contract List group box. Essential Terms of that selected contract are displayed under the ET Detail section.