What is a "Base Price" in the Contracts of Affreightment (COA) Module?

Question

In the Contracts of Affreightment (COA) module > General tab > FO Bunker Adjustment and DO Bunker Adjustment a FO/DO a price range, a Base Price and an Adjustment Factor can be entered in the respective panels. But what is the "Base Price"?

Answer

Instead of a Price Range (for example 600-800), a "Base Price" is a single price entered instead of the price range, for example 600 (which would be the equivalent to entering for example 600-600 as the range). Related articles