Delivery Execution of Premium by Content

Top  Previous  Next

During delivery execution, the Deliveries values default to the contract values. You can change this to the actual values for weight and commodity element percentage. In the example below:

An extra percentage point of both Fat and Dry Matter was delivered, above the contractual specification. The Fat percentage has been changed from 40% to 41% and Dry Matter from 35% to 36%.
The Settlement percentages are 40.5% and 35.5%.
Final price automatically updated from 200.00 EUR/KG to 200.03 EUR/KG.
Final Price = Fixed Price + SUM (Percentage Deviation x Content Premium x Unit Conversion Factor).
SUM refers to summing the premiums across all commodity elements.
A unit conversion factor applied if necessary (from KG to MT, for example).
A content premium of 3 EUR/KG was entered for the Fat commodity element and 2 EUR/KG for Dry Matter.
The final price is therefore 200.00 + (0.5% x 3) + (0.5% x 2) = 200.00 + 0.015 + 0.01 = 200.03 EUR/KG.

 

clip0184