Contract Specification of Arecanut JAHAJI MVJ garbled - MCX

Price quoteInitial margin 5%Special Margintrade / order shall be permitted during the day beyond therevised limit of (+/-) 4%.Ex-warehouse Mangalore – exclusive of all taxesIn case of additional volatility, a special margin of such otherpercentage, as deemed fit, will be imposed immediately onboth buy and sale side in respect of all outstanding position,which will remain in force for next 2 days, after which thespecial margin will be relaxed.Maximum allowable openpositionFor individual clients: 2000 MTFor a member collectively for all clients: 10000 MT or 15% ofthe market-wide open position, whichever is higher.Near Month LimitsFor individual clients: 400 MTFor a member collectively for all clients: 2000 MT or 15% ofthe market-wide open position, whichever is higherDeliveryDelivery unit 5 tons with tolerance limit of 2%Delivery center(s)Exchange approved warehouse at MangaloreDelivery period margin25% of the open position during the delivery periodQuality Specification andDelivery StandardsIndian Arecanut Jahaji garbled of current year with followingcomposition, size and produced at places indicated below.Variety Composition SizeMoti 25% (min) 26-28mmVachras (Sevardhan) 45% 24-26mmJam 30% (max) 21.75-24mmPlace of production: Puthur, Vithla, Mangalore, Beltongari,Sullia, kundapur, Kasargod, Bayar, Nilchal, BadiakaPackagingDelivery LogicBroken :- 1%Arecanut pieces: - nilHusk remaining in Arecanut: - nilColor: - Natural (no added coloring matter)Inside cutting: - plain, with no powder inside, with leastmoistureNo Whole:Dagi (Inside Color if yellow and Green): Maximum 8 %No live/dead infestationShould be in 65 kg new jute bag.The tare weight deduction per bag for net weight calculationshall be 1.2 kg for 65 kg bags,gross weight.The cost of the bags, as determined by the exchange will bepayable separately by the buyer to the seller.Compulsory