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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    


One contract = 20 tonnes (4,000 tonnes)                                                            


= Gross Price * Tonnage            


10% of value
Total Value


GST Inclusive
S&H Company

AWB GrainFlow

Name of Accredited Bulk Handler


Silo name


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


As settled on ASX on day of tender
less Location Differential


GTA Location Differential*
Up Country Price, Delivered


plus Receival Fee


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


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


= 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.