Eastern Australia Canola - 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 Canola contract once delivery is completed.

Details Value Explanation
Number of Contracts


One contract = 20 tonnes (200 tonnes)                                    


= Gross Price * Tonnage                                                    


10% of value
Total Value


GST Inclusive
S&H Company


Name of accredited bulk handler

Murchison East

Silo Name


As per S&H Grower Receival Stack Average*
Oil Content


As per S&H Grower Receival Stack Average*


Determined by S&H Company and noted in storage terms
Futures Price


As settled on ASX on day of tender
less Location Differential


GTA Location Differential*
Up Country Price, Delivered


= Futures Price - Location Differential
Up Country Price, Delivered Shrunk


= Up Country Price Delivered / 0.994
less Admixture Deduction


Admixture expressed in Dollar terms (on up country shrunk)
Clean Seed Price


= Up Country Delivered Shrunk - Admix Value
add or subtract Oil Adjustment


AOF Standards 1.5% premium or discount for every 1% above or below 42%. 
plus Receival Fee (adjusted for shrink) 


 as per S&H receival fee**
Gross Shrunk Price, Free In Store


= Up Country Delivered Shrunk + Receival Fee


** 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 differential only from 2006/2007and may differ from the prevailing rate.