Skip to content

Australian Sorghum - Tender Advice Example

The following table provides an explanation for an example tender advice notice. The tender advice is issued to the buyer or seller of the sorghum once delivery is completed.

Details Value Explanation
Number of contracts    

200                                                              

One contract = 20 tonnes (4,000 tonnes)                                                            
Value

$669,960.00

= Gross Price * Tonnage            
GST

$66,996.00

10% of value
Total Value

$736,956.00

GST Inclusive
S&H Company

AWB GrainFlow

Name of Accredited Bulk Handler
Location

Jondaryon

Silo name
Shrinkage

0.5%

As per S&H Agreement for applicable season**
Futures Price

$180

As settled on ASX on day of tender
less Location Differential

-$20.75

GTA Location Differential*
Up Country Price, Delivered

$159.25

plus Receival Fee

+$7.40

As per S&H Agreement for applicable season**
Up Country Price, Free In Store

$166.65

= Up Country Delivered + Receival Fee
Gross Shrunk Price, Free In Store

$167.49

= Up Country FIS / 0.995

* GTA Location Differentials updated annually, effective 1 October. This is an example differential only from 2011/2012 and may not be representative of the prevailing rate.

** S&H Companies review fees annually. This is an example rate only for shrink and receival fee from season 2009/2010 and may differ from the prevailing rate.