What is trading contract in SAP LO-GT - Global Trade Management?

SAP Term: trading contract

• Component: LO-GT

• Component Name: Global Trade Management

• Description: The central document in . It contains a trading business agreement and is used to control the processing of trading businesses.

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• Key Concepts: 
  A trading contract is a document that defines the terms and conditions of a trade transaction between two parties. It is used in SAP's Global Trade Management (LO-GT) component to manage the import and export of goods and services. The trading contract contains information such as the type of goods being traded, the quantity, the price, the delivery date, and any other relevant details.
  
  How to use it: 
  In SAP's Global Trade Management (LO-GT) component, trading contracts are created and managed in the Trading Contract Management (TCM) module. This module allows users to create new contracts, view existing contracts, and modify existing contracts. The TCM module also provides tools for tracking and managing the status of trading contracts.
  
  Tips & Tricks: 
  When creating a trading contract in SAP's Global Trade Management (LO-GT) component, it is important to ensure that all relevant information is included in the contract. This includes details such as the type of goods being traded, the quantity, the price, the delivery date, and any other relevant details. Additionally, it is important to ensure that all parties involved in the transaction are aware of and agree to all terms and conditions outlined in the contract.
  
  Related Information: 
  For more information on SAP's Global Trade Management (LO-GT) component and Trading Contract Management (TCM) module, please refer to SAP's official documentation or contact your local SAP representative.