Eastern Australia Feed Barley - 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 Feed Barley contract 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 Accredited Bulk Handler|
|Shrinkage||0.5%||As per S&H Agreement for applicable season**|
|As settled on ASX on day of tender|
|less Location Differential||
GTA Location Differential*
(in this example, although Port Adelaide and Melbourne may be cheaper, Geelong is the cheapest applicable rate that meets the Contract Specification)
|Up Country Price, Delivered||
|= ASX - GTA Location Differential|
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 shrink and receival fee only from season 2010/2011 and may differ from the prevailing rates.