Scratching to understand really, sales pricing seems to be the narative rather than the actual physical cargo numbers they quote , They muddy the waters first off by pointing out that a delayed cargo eventually left in this current June quarter instead.... fair enough ...Then they state price wise the 16Kt of product priced in December was actually shipped in March Quarter....
This vessel subsequently sailed on the 7th of April 2022 with final pricing consistent with March Quarter price guidance (CIF China, SC6 basis). Pricing for the March Quarter included approximately 16kt of product priced for shipment in December, which was actually shipped during the March Quarter.
Knowing what we know of the past, the company get the shipment payments when the loaded ship leaves Port Hedland.
Hence 4 shipments left in the March quarter ( not 4 shipments minus say the worth of 16Kt shipment as that was built into the previous sales quarter)
Ramp up of next PLS shipment..., page-1270
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