Hi all Just wondering during ferrous scrap purchase, why is the weight franchise is always 0.5% against bill of lading? Any reasons or references on weight franchise of 0.5%?
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Hi all Just wondering during ferrous scrap purchase, why is the weight franchise is always 0.5% against bill of lading? Any reasons or references on weight franchise of 0.5%?
Have no idea what that is, but would love to learn. Welcome to the forum.
its there over under percentage coverage
Quote:
Originally Posted by travistemple202020
Are you referring to a hedge against the purchase / sale weight (or price) being different than what they anticipated?