The following table provides an explanation for an example tender advice notice. The tender advice is issued to the buyer or seller of the NSW Wheat once delivery is completed.
|Number of contracts||50||One contract = 20 tonnes (1,000 tonnes)|
|= Gross Price * Tonnage|
|10% of Value|
|S&H Company||GrainCorp||Name of Approved Bulk Handler|
|Protein||Not applicable||For March 2014 onward there is no protein premium applied.|
|Shrinkage||0.7%||As per S&H Agreement*|
|As settled on ASX on day of tender|
|less Location Differential||
|GTA Location Differential*|
|Up Country Delivered||
|= ASX - GTA Location Differential|
|add Receival Fee||
|As per S&H Agreement**|
Up Country Price Free In Store
|= Up Country Delivered + Receival Fee|
|Gross Shrunk Price Free In Store||
|= Up Country FIS / 0.993|
* GTA Location Differentials updated annually, effective October 1. This is an example differential only from 2013/2014 and may not be representative of the prevailing rate.
** S&H Companies review fees and shrink annually. This is an example only from 2013/2014 and may differ from the prevailing rate.