E25 2.44% 20.0¢ element 25 limited

if i remember correctly we did have a discussion on this in one...

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    if i remember correctly we did have a discussion on this in one of the threads a while ago

    havent gone through my posts but i believe i expressed concern re our implied exposure to the freight market

    it works like this- the sales term may read FOB but the price we receive for our Mn is derived from a CIF price index i.e it includes a freight component. The higher the freight the less we receive

    personally i would have never agreed to a contract term like this. We simply dont know anything about freight and cant controll it.
 
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