What does it mean for commodities to be priced or assessed as cargoes or barges?
Wednesday, October 29th, 2008 at
6:46 am
Barino asked:
does that mean that you purchase a metric tonne for example, on board of a tanker? i.e. the price includes delivery and loading costs and actual commodity is on tanker ready to be shipped?
please confirm.
Thanks!
does that mean that you purchase a metric tonne for example, on board of a tanker? i.e. the price includes delivery and loading costs and actual commodity is on tanker ready to be shipped?
please confirm.
Thanks!
Tagged with: Cargoes • Commodity • Metric Tonne
Filed under: Commodity Trading
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It means you bought it in masse. Sell it before a truck unloads it on your doorstep.