The purpose of Advance Funding is to ensure the Agent does not use its own funds to provide for the Principals Operational needs. The Agent has established the below methods of funding to accommodate different Principal needs. Standard Advance – Proforma estimations are prepared for each Vessel Call and sent to the Principal. The Principal […]
Articles Tagged: Advance
Outwire Procedure
Cash Receipt – Advances (Bank Fee IS for Principal)
In the Fairwater Main menu select Accounting/Cash And Banking/Cash receipts as shown below. In the next screen you will see the Cash Receipt List which will default to all open cash receipts meaning that the entries have been saved but not posted. Select “Add New”. In the Bank Header Information section enter the yellow highlighted […]