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.
|Number of contracts||50||One contract = 20 tonnes (1000 tonnes)|
|= Gross Price * Tonnage|
|10% of value|
|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.|
|As per S&H Agreement**|
|As settled on ASX on day of tender|
|less GTA Location Differential||
|GTA Location Differential*|
|= ASX - GTA Location Differential|
|add Receival Fee||
|As per S&H Agreement (based on Tier 1 Site rate)**|
Free in Store Price
|= Up Country Delivered + Receival Fee|
|Gross Shrunk Price Free In Store||
|= 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.