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Eastern Australia Wheat - 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 Eastern Australia Wheat once delivery is completed.

Details Value Explanation
Number of contracts 50                                                            One contract = 20 tonnes (1,000 tonnes)                                                           
Value

$260,980.00

= Gross Price * Tonnage
GST

$26,098.00

10% of Value
Total Value

$287,078.00

GST Inclusive
     
S&H Company GrainCorp Name of Approved Bulk Handler
Location Moree Silo Name
     
Shrinkage 0.7% As per S&H Agreement*
     
Futures Price

$300.00

As settled on ASX on day of tender
less Location Differential

-$47.75

GTA Location Differential*
Up Country Delivered

$252.25

= ASX - GTA Location Differential
add Receival Fee

+$6.90

As per S&H Agreement**

Up Country Price Free In Store

$259.15

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

$260.98

= 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.