In this release, the Insurance rate Maintenance screen will be available on the application. Users can use the maintenance screen to specify the insurance rate based on CFR value for ONS calculation.
Users should be given permission to update the maintenance screen. The permission can be updated on Administration -> User Permissions -> Corporate User Level Permissions.
On the maintenance screen, you can specify the insurance rate at dollar amount (AUD) or at %. The process will select the insurance rate by Seq No, if there are multiple matched rates available.
The ONS Calculation process in Import Declaration N10/20 will calculate the insurance rate based on the rules below:
- If the ONS Factor is specified on the customer masterfile>Importer tab, the ONS will be calculated by the rate on the customer masterfile.
- If the ONS Factor is NOT specified on the customer masterfile > Importer tab, the ONS will be calculated by the rate on the Insurance Rate Maintenance.
- If the ONS rate is not specified on the Insurance Rate Maintenance, the ONS will be calculated based on the system default rate if applicable.