Hierarchy
IS-OIL (Software Component) IS-OIL⤷
IS-OIL-PRA-REP-ROY (Application Component) Royalty Reporting⤷
OIU_REP (Package) Production, Tax & Royalty Reporting
Basic Data
| Data Element | OIUREP_MMS_2014_SALES_TYPE_CD |
| Short Description | Production: MMS-2014 - Sales Type Code |
Data Type
| Category of Dictionary Type | D | Domain |
| Type of Object Referenced | No Information | |
| Domain / Name of Reference Type | OIUREP_MMS_2014_SALES_TYPE_CD | |
| Data Type | CHAR | Character String |
| Length | 4 | |
| Decimal Places | 0 | |
| Output Length | 4 | |
| Value Table | OIUREP_SALESTY |
Further Characteristics
| Search Help: Name | ||
| Search Help: Parameters | ||
| Parameter ID | ||
| Default Component name | ||
| Change document | ||
| No Input History | ||
| Basic direction is set to LTR | ||
| No BIDI Filtering |
Field Label
| Length | Field Label | |
| Short | 10 | Sales Type |
| Medium | 15 | MMS Sales Type |
| Long | 19 | MMS Sales Type Code |
| Heading | 19 | MMS Sales Type Code |
Documentation
Definition
Defines the nature of the sale between the buyer and the seller.
The MMS requires separate lines of royalty detail based on the nature of the sale. Payors report the disposition of their production, including the distinction between 'arms-length' and 'non-arms length' contracts, as well as contract type. A 'pooled' sales type code allows reporting of all pooled sales under a separate sales type code.
For example, if the product is sold by company A to company B, and company A has a competing economic interest with company B, then the sale would be defined as an arms length sale.
If company A acquires company B, their economic interests would no longer be competing. In that case, the sale would be defined as non-arms length.
The sales type code applies only to sales contracts and not to transportation or processing agreements. Leave the field blank for lease-level transactions such as rental, minimum royalty, rent recoupment, or estimated royalty payments.
To find out how a specific sale should be classified, contact the MMS directly. You can also refer to The Oil and Gas Payor Handbook, Volume III - Product Valuation.
History
| Last changed by/on | SAP | 20050224 |
| SAP Release Created in | 46C |
