What is 'operating balancing agreement' in SAP IS-OIL-DS-TSW - Trader's and Scheduler's Workbench?

operating balancing agreement - Overview

• Component: IS-OIL-DS-TSW

• Component Name: Trader's and Scheduler's Workbench

• Description: An agreement between two service providers specifying the procedure to manage conflicting operations at the inter-connection of two pipelines.

operating balancing agreement - Details

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  Key Concepts: 
  Operating Balancing Agreement (OBA) is a feature of the IS-OIL-DS-TSW Trader's and Scheduler's Workbench component of SAP. It is used to manage the balancing of physical flows between two or more parties. It allows for the tracking of physical flows, the calculation of differences between expected and actual flows, and the settlement of any differences. 
  
  How to use it: 
  The OBA feature can be used to create agreements between two or more parties for the exchange of physical flows. The agreement can include details such as the type of flow, the quantity, and the duration. Once an agreement is created, it can be monitored in real-time to track actual flows against expected flows. Any differences between expected and actual flows can then be calculated and settled. 
  
  Tips & Tricks: 
  When creating an OBA agreement, it is important to ensure that all parties involved are aware of the terms and conditions of the agreement. This will help to ensure that all parties are on the same page when it comes to expectations and obligations. Additionally, it is important to monitor actual flows against expected flows on a regular basis in order to ensure that any differences are identified and settled promptly. 
  
  Related Information: 
  For more information about Operating Balancing Agreement (OBA) in SAP IS-OIL-DS-TSW Trader's and Scheduler's Workbench, please refer to SAP Help documentation