The interest free payment is being used as an 'offset' for additional supply, with whatever pricing mechanism currently used for the existing supply also applying to the additional tonnage as well. That US375/tonne will be coming off whatever the price is at the time of the additional supply. That's what it looks like to me. If so, that's a good deal.
Ann: Yibin Tianyi Offtake and Prepayment, page-23
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