Quotation No.

The unique number identifying the Quotation for which the terms and conditions are specified.

Supplier Code

Code or identification number of the supplier who has created the quotation.

Name

Name associated with the supplier code mentioned.

Advance Payable

Use the drop down list box to select the whether the taxes, charges and discounts are applicable for the whole document or to a particular line.

Advance Tolerance %

The Percentage of the tolerance given for the advance amount is mentioned.

Insurance Liability

Use the drop down list to select the person who will be liable for the insurance.

Insurance Amount

The total sum insured for the items is mentioned.

Insurance Term

Use the drop down list to select the terms and conditions pertaining to the insurance.

Currency

The Currency to be used in the transaction is mentioned.

INCO Term

Use the drop down list box to select the incorporation terms and conditions.

INCO Place

The Place in which the incorporation terms are going to be incorporated for the items.

Carrier

Use the drop down list to select the carrier in which the goods are going to be transported.

Mode of Transportation

Use the drop down list to select the mode of transport for the transfer of goods from the supplier to the customer.

Packaging Remarks

Additional information related to the packing done to the items.

Shipping Remarks

Additional information related to the packing done to the items.

Matching Type

Use the drop down list to select “Quantity”, “Price” or “Both”.

Tolerance Type

Use the drop down list to select the tolerance type of the quotation. The upper and lower limit within which the quantity or the basic value received can vary. The tolerance limit affects the basic value of the purchase order either positively or negatively. Use the drop-down list box to specify the tolerance type. The tolerance types available are “Value”, “Quantity” or “Both”.

Positive Tolerance  (%)

The Invoice tolerance percentage must be positive and less than 100. For example, if the tolerance limit defined for an item is 2%, and the vendor dispatches 101.5 tons of the items against the 100 tons ordered. Now the Invoice would be closed without any further follow-up payment for the balance 1.5 tons, which is an additional portion of the ordered quantity.

Negative Tolerance  (%)

The Invoice tolerance percentage must be negative and less than 100. For example, if the tolerance limit defined for an item is 2%, and the vendor dispatches 98.5 tons of the items against the 100 tons ordered. Now the Invoice would be closed without any further follow-up for the balance 1.5 tons, which is a negligible portion of the ordered quantity.

Positive Receipt Tolerance  (%)

The Receipt tolerance percentage must be positive and less than 100. For example, if the tolerance limit defined for an item is 2%, and the vendor dispatches 98.5 tons of the items against the 100 tons ordered. Now the Receipt would be closed without any further follow-up for the balance 1.5 tons, which is negligible portion of the ordered quantity.

Negative Receipt Tolerance  (%)

The Receipt tolerance percentage must be negative and less than 100. For example, if the tolerance limit defined for an item is 2%, and the vendor dispatches 98.5 tons of the items against the 100 tons ordered. Now the Receipt would be closed without any further follow-up for the balance 1.5 tons, which is negligible portion of the ordered quantity.

Quotation Line No.

Unique identification number of the line which represent an item in the Quotation document.

Item Code

Code or identification number of the item.

Item Variant

Name or identifier associated with the item.

Description

Description stating the nature of the item.

Matching Type

Use the drop down list to select “Quantity”, “Price” or “Both”.

Tolerance Type

Use the drop down list to select the tolerance type of the quotation. The upper and lower limit within which the quantity or the basic value received can vary. The tolerance limit affects the basic value of the purchase order either positively or negatively. Use the drop-down list box to specify the tolerance type. The tolerance types available are “Value”, “Quantity” or “Both”.

Positive Tolerance  (%)

The Invoice tolerance percentage must be positive and less than 100. For example, if the tolerance limit defined for an item is 2%, and the vendor dispatches 101.5 tons of the items against the 100 tons ordered. Now the Invoice would be closed without any further follow-up payment for the balance 1.5 tons, which is an additional portion of the ordered quantity.

Negative Tolerance  (-%)

The Invoice tolerance percentage must be negative and less than 100. For example, if the tolerance limit defined for an item is 2%, and the vendor dispatches 98.5 tons of the items against the 100 tons ordered. Now the Invoice would be closed without any further follow-up for the balance 1.5 tons, which is a negligible portion of the ordered quantity.

Positive Receipt Tolerance (%)

The Receipt tolerance percentage must be positive and less than 100. For example, if the tolerance limit defined for an item is 2%, and the vendor dispatches 98.5 tons of the items against the 100 tons ordered. Now the Receipt would be closed without any further follow-up for the balance 1.5 tons, which is negligible portion of the ordered quantity.

Negative Receipt Tolerance  (%)

The Receipt tolerance percentage must be negative and less than 100. For example, if the tolerance limit defined for an item is 2%, and the vendor dispatches 98.5 tons of the items against the 100 tons ordered. Now the Receipt would be closed without any further follow-up for the balance 1.5 tons, which is negligible portion of the ordered quantity.

Supplier Item Code

Code or identification number of the supplier specific item.

Supplier Item Description

Description stating the nature of the supplier’s item.