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WA Wheat - Tender Advice Example

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

Details Value Explanation
Number of contracts 50                                                             One contract = 20 tonnes (1000 tonnes)                                                            
Value

$244,720

= Gross Price * Tonnage
GST

$  24,472

10% of value
Total Value

$269,192

GST Inclusive
S&H Company CBH Name of accredited bulk handler
Location Kwinana Terminal Destination Site
Protein Not Applicable For March 2014 onward there is no protein premium applied.
Shrinkage

0.5%

As per S&H Agreement**
Futures Price

$233.50

As settled on ASX on day of tender
less GTA Location Differential

-$0.00

GTA Location Differential*
Delivered Price

$233.50

= ASX - GTA Location Differential
add Receival Fee

+$10.00

As per S&H Agreement (based on Tier 1 Site rate)**

Free in Store Price

$243.50

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

$244.72

= Up Country FIS / 0.995

* GTA Location Differentials are reviewed annually, effective October 1. In this example, Kwinana Terminal is the Destination Site so no Location Differential has been applied. This is an example only from 2013/2014 and may differ from 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.