Grain trader's glossary

Базис

Difference between port price and exchange.

Форвард

Contract for future delivery at today's price.

GAFTA

Grain trade association — standard contract forms.

FOB/CIF/EXW

Incoterms: on board / with freight / ex-field.

Хедж

Price insurance via futures.

Валютна виручка

Exporter's FX revenue.

Елеватор

Grain storage enterprise.

Дисконт/премія

Discount/premium for batch quality.

УКТЗЕД

Commodity code for customs.

Фітосанітарія

Sanitary control of plant products.

Вагова накладна

Batch weighing document.

Форс-мажор

Unforeseeable circumstances under contract.