Multi Commodity Exchange of India Ltd. - MCX

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Due date rate Odd lot treatment Adjustment of transportation charges Warehouse, Fumigation, Insurance and Transportation charges Buyer’s option for lifting of delivery Delivery center Designated Warehouse • Name • Address • Contact Person Name • Contact Number Storage charges Fumigation charges (if applicable) Insurance charges Indicative Loading Charges Indicative Unloading Charges Indicative Weighment Charges (if applicable) Designated Quality Certifying Agency • Names Quality Certification Charges Validity Expected Report Time Delivery Order DDR is calculated on the last day of the contract expiry by way of taking the simple average of last 3 days spot price, which is the basis of the respective contract. For obtaining the prices of spot market, the Exchange will take the prices from a panel of market participants associated with oil and take the average price. Delivery will be effected only on delivery lot basis. In case there is any mismatch in the position of seller and buyer then delivery will not be matched and accordingly the position will be closed out at DDR and penalty to such buyer / seller will be levied a minimum penalty @5% of DDR. 90% of the penalty collected shall be passed on to the counter party while 10% will be appropriated by the Exchange.. Not applicable -Borne by the seller upto commodity pay-out date -Borne by the buyer after commodity pay-out date Buyer will not have any option about choosing the place of delivery and will have to accept the delivery as per allocation made by the Exchange. Kandla Central Warehousing Corporation (CWC) - Kandla Warehouse Manager, Central Warehouse, KPT West Gate, Opp.Shirva Railway Station, Kandla (Kutch)- 370210. Shri R.S. Yadav, Tel : 2836-270 485, 270 379 Mob: 98255 21769 Mob: 98251 99570 Mr Salva Raj Rs. 1.15 for 16.6kg Included in Storage charges Excluding Insurance charges @ per 5 paisa per Rs. 100/- per month Rs 1.50 per Tin Rs 1.50 per Tin Nil 1. Geo - Chem. 2. SGS 3. Dr. Amin Laboratory 4. Atlas Surveyors 5. Intertek Agri Services CWC Don’t have Q. C. Facilities Nil Two working days Good delivery order will be submitted in specified format giving details of members / registered non-members who shall perform delivery.
Each delivery order issued shall be in multiples of minimum delivery lots and shall be designated for only one delivery center and one location in such center. It will be accompanied with Warehouse Receipt, Invoice and Good Delivery Quality Certificate as per contract specifications from Exchange designated certifier, Delivery Order once submitted cannot be withdrawn or cancelled or changed unless so agreed by MCX in writing. Members tendering the delivery order shall clearly specify the grade and shall be in conformity with the surveyor’s certificate accompanied with the delivery document and cannot be changed subsequently. Delivery Grades Evidence of stock in possession Endorsement of Delivery Order Sampling and Analysis at the time of delivery Sampling procedure The members tendering delivery will have the option of delivering such grades of Castor Oil as permitted by the Exchange under the contract specifications. The buyer will not have any option to select a particular grade and the delivery offered by the seller and allocated by the Exchange shall be binding on him. At the time of issuing the delivery order, the member must prove to the Exchange that he holds stocks of the quantity and quality specified in the delivery order at the declared delivery center. This should be substantiated by way of producing warehouse receipt. The buyer member can endorse delivery order to a client or any third party with full disclosure given to MCX. Responsibility for contractual liability would be with the original assignee. In case the buyer does not agree to the Surveyor's report as to the quality of the commodity, he shall desire for second sampling and intimate the Exchange in writing within 48 hours of the pay-out date. The system of drawing of samples tendered for delivery will be as prescribed in the Bureau of Indian Standards procedure. Three samples shall be drawn as under: • First Sample- for the Buyer • Second Sample for the Seller • Third Sample - final reference, if it becomes necessary If the first sample collected by the buyer and analyzed by the surveyor appointed by him, conforms to the specifications, then the goods tendered for delivery shall be accepted and no subsequent claims from the buyer regarding quantum of rebate or any other indemnification shall be admissible nor sellers shall be obliged to pass any sealed samples to the buyer if requested subsequently. The sampling methods to be adopted for analysis will be decided by the Exchange.
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Multi Commodity Exchange of India Ltd. - MCX

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