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Ferrous Scrap Purchase (Weight Franchise)

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  1. 05-04-2015, 10:05 PM #1
    kwchue
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    Ferrous Scrap Purchase (Weight Franchise)

    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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  3. 05-04-2015, 10:05 PM

  4. 05-05-2015, 04:38 AM #2
    Patriot76
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    Have no idea what that is, but would love to learn. Welcome to the forum.

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  6. 05-05-2015, 11:11 AM #3
    travistemple202020
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    its there over under percentage coverage
  7. 05-06-2015, 11:13 PM #4
    harsas
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    Quote Originally Posted by travistemple202020 View Post
    its there over under percentage coverage

    Are you referring to a hedge against the purchase / sale weight (or price) being different than what they anticipated?
    Have Fun,
    Harold

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