Terminology

Contract Terms

  • Subject to Approval of Preshipment Samples
    (SAS Preship) Contract is subject to buyer approval of Preshipment Sample
  • Subject to Approval of Arrival Samples
    (SAS Arrival) Contract is subject to buyer approval of Arrival Sample
  • Subject to Approval of Sample; Replace
    Contract is subject to buyer’s approval of sample. If the coffee sample is not approved, we will replace it with a sample from another lot.
  • Subject to Approval of Sample; No Approval No Sale
    Contract is subject to buyer’s approval of sample. If the coffee sample is not approved, contract is void.

Delivery/Shipment Terms

  • SPOT Purchase
    Coffee is instore and availble for immediate release.
  • Delivery
    Coffee is released or available for release during specified delivery months.
  • Extended Delivery
    Coffee is contracted and released over a given period of time. Storage and financing is included.

Delivery Order/Warehouse terms

  • Ex Warehouse
    Ownership is transferred from seller to buyer when the delivery order is issued. Warehouse outloading charges, i.e. Palletization, Shrinkwrap, Strapping, Cardboard, are the responsibility of the buyer. If you have an account at the warehouse, they will invoice you for such charges. If you do not, then contract terms switch to FOT (see below) and we will assume the charges and factor this into the cost of your purchase. Frieght and insurance from the warehouse are the responsibility of buyer.
  • FOT (Free on Truck) Warehouse
    Ownership is transferred from seller to buyer upon loading of Truck. Warehouse charges including “Loading Out” charges will be assumed by ASCI. Shipping and insurance from the seller’s warehouse are the responsibility of buyer.
  • Release to Account
    Coffee will be released to you warehouse account. Informing the warehouse of further release instructions is the buyer’s responsibility.
  • Delivered Plant
    For quantites of 100 bags or more,we would be happy to quote pricing delivered to your door.

Market /Pricing Terms

  • The ICE
    Coffee is traded on the Intercontinental Commodities Exchange aka “The ICE.” The ICE Market establishes a daily base price for coffee. Price quotes are in cents per pound. $150.00 cents per lb = $1.50
  • Differential
    the price premium over the base market price. If the market is trading at
    $150.00 cents per pound and the differential is +25 making final price $175.00 cents per pound or $1.75
  • Price to be Fixed
    Contract remains “open” until time of market fixation. Contract must be fixed proir to first notice day.
  • Flat Price
    Price is established on an “outright basis” as time of contract.