Granular Price Time Limits
  • Updated on 09 Oct 2019
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Granular Price Time Limits

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If an Airline decides to guarantee a price to the Seller/Customer, the Airline may wish to guarantee a part of the total price.

As well, in such scenario, the price guarantee time limit should not exceed the payment time limit. Payment time limit can be longer than the price guarantee time limit. If the price guarantee is expired, a repricing is recommended before payment.

The Airline can either use the Price Guarantee Time Limit Date Time to specify that the price is guaranteed without specifying (within the message) what part (if not all) of the Price is guaranteed. Or, the airline can describe (and change) the guarantees depending on the pricing component (Amount, Fee or Tax).

The Amount, Fee and Tax time limits only need to be taken into account if the Price Guarantee Time Limit has been populated. If so, the Price Guarantee Time Limit shall be the maximum time limit for all Tax, Amount and Fee limits

The below table shows two scenarios for guaranteeing a price to the Seller:

  1. Within the Price Guarantee Time Limit, the Airline guarantees the total price (base amount, surcharge and taxes) for a total of 30 minutes.

  2. Within the Price Guarantee Time Limit, the Airline guarantees the Base fare and a Tax for 5 days, but only the other tax for 4 hours, and the surcharge for 30 minutes.

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Note
The breakdown of price guarantee within the Order can also be implemented in the Offer and vice versa.