What is collect agreement party in SAP TM - Transportation Management?

SAP Term: collect agreement party

• Component: TM

• Component Name: Transportation Management

• Description: The business partner with whom a forwarding agreement is made for the last part of a transport, according to agreed Incoterms. The system bases charge calculations on the agreement made with the collect agreement party. The collect agreement party may also be the collect bill-to party and the collect payer. For example, the Incoterms agreed between a seller and a buyer in a transport from Germany to the U.S. is FOB Free On Board from location Hamburg. The seller pays for the transportation charges to Hamburg and the buyer pays for the charges from Hamburg to the U.S. The system uses the collect agreement party to calculate the charges in the invoice for the buyer.

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• Key Concepts: 
  Collect Agreement Party is a term used in SAP Transportation Management (TM). It is a type of agreement between two parties, usually a shipper and a carrier, that outlines the terms and conditions of the transportation services provided. The agreement includes details such as the cost of the services, the duration of the agreement, and any other relevant information. 
  
  How to use it: 
  In SAP TM, Collect Agreement Parties are used to define the relationship between two parties involved in a transportation agreement. This includes details such as the cost of services, duration of the agreement, and any other relevant information. The Collect Agreement Party can be used to create a contract between two parties and to track the progress of the agreement. 
  
  Tips & Tricks: 
  When creating a Collect Agreement Party in SAP TM, it is important to ensure that all relevant information is included in the agreement. This includes details such as payment terms, delivery dates, and any other relevant information. Additionally, it is important to ensure that all parties involved in the agreement are aware of the terms and conditions outlined in the agreement. 
  
  Related Information: 
  For more information on Collect Agreement Parties in SAP TM, please refer to SAP Help Portal or contact your local SAP representative. Additionally, there are many online resources available that provide detailed information on how to use Collect Agreement Parties in SAP TM.