Delivered Bunbury Cash Contract

PRODUCT TYPE Grain Contract DESCRIPTION 

You sell to Bunge on a Fixed Grade or Multigrade Cash contract for delivery direct to Bunge’s Bunbury Terminal and receive a premium due to supply chain cost savings. You manage your own freight when Bunge calls on the grain.

BENEFITS

You receive a premium embedded in the contract price due to direct port lower cost logistical pathway. You may also be able to benefit from back hauling loads such as fertilizer.

 

RISKS

  • Price: Fixes price to reduce risk
  • Quality: Depends on whether your contract is multigrade or fixed grade (refer to Multigrade and Fixed Grade Fact Sheets)
  • Production: Contract is deliverable, so some production risk (depending on your own commitments and circumstances)
  • Payment: Covered by Bunge

 

WHAT YOU HAVE TO DO

  • Contact Bunge to sell to Bunge quoting your NGR number. Once agreed on the phone or email you have locked in a contract to Bunge.
  • Bunge will send written contract terms and conditions to you by email.
  • Bunge will notify you when you must deliver your grain.
  • Pre-arrange your port security identification (Maritime Security Identification Card), Freight Contract and / or Bunge Safety Induction in advance of your deliveries to ensure your turnaround at the Bunge Terminal is efficient and not delayed
  • At delivery to Bunge’s Terminal quote your NGR and contract numbers.

 

OTHER POINTS

  • Contract is deliverable.
  • Buyers Call Condition – Bunge will notify you when you must deliver grain against your contract. This is a condition of the contract.
  • Subject to Buyers Call condition, Bunge may agree to pay you a monthly “carry” premium for an agreed period of me.
COMMODITY Wheat, Barley, Oats & Canola
QUALITY Fixed
TITLE TRANSFER
POINT*
Delivered Bunbury
TIMING Pre-Harvest, Harvest & Post-Harvest
PAYMENT TERMS 100% 14 Days EOW*
FORWARD/SPOT Both Available
DELIVERY PERIOD Harvest: Dec/Jan Post-Harvest: Spot or by negotiation
LEVIES Deducted by Bunge
FREIGHT & RECEIVAL
DEDUCTIONS
No Receival Fee @ Port

Grower to pay own freight

QUALITY
OPTIMISATION
Refer to Title Transfer Table
No, but you will have benefited from the lower cost pathway to port
*End of week of delivery