Invoicing Rule LOV is blank in Service Contract agreement

Hi All,

We are implementing a solution for periodical subscription and billing, using oracle service contract.

We have done the basic setup.

But when trying to create agreement we found that the "Invoicing Rule" in Pricing and billing tab is blank.

This is how we are trying to create a new contract manually

Responsibility – Service Contracts Manager

Contract Administration -> Launch Pad

Navigate to Tools –>New

Choose Operating Unit

Choose Category – Service Agreement

Click Create

Enter parties

Enter Start Date / End Date /Duration / Period

Navigate to Summary –> Pricing tab

Invoicing Rule LOV - this should have two values ‘Advance Invoice’ or 'Arrear Invoice'.