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pricing options

flexible options
that work for you

You will find us easy to do business with and our flexible approach enables us to meet our customers’ changing needs. We offer a range of pricing options including; live spot rack or pre-sale deals, fixed forward prices for up to 24 months ahead and index-linked lagged or intraday trigger deals, which have been specifically developed to support the way that our customers like to work and protect their business against fluctuating markets.

Our specialism in price risk management provides certainty around margins and costs. Combined with flexible payment terms as well as the option between ambient or standard temperature accounting, Mabanaft is confident that we have the right solution that works for you.

 

Live Spot Rack 

Live spot pence per litre price which is based on the live Gas Oil Future and a spot product premium; converted with the live GBP/USD exchange rate.  Product can be lifted within 7 calendar days. Invoices are generated upon product collection; a small administrative lifting tolerance is granted, so that only lifted product will be invoiced.


Live spot Pre-Sale 

Live spot pence per litre price which is based on the live Gas Oil Future and a spot product premium; converted with the live GBP/USD exchange. Product can be lifted within 30 calendar days.  The invoice is issued immediately upon deal execution for the full volume and order value. This is a take or pay deal.


Fixed forward 

Fixed pence per litre price that will be agreed and held for a fixed future period. We can offer fixed forward prices for up to 24 months ahead. The monthly volume will be pre-agreed and the product can be lifted on an even off-take basis during the relative lifting month. The invoices are generated on a pre-sale basis (take or pay) for the total monthly volume on the 1st of each contract month. 


Live Intraday or End-of-Day Trigger

Live intraday trigger price (ppl) which is based on the live Gas Oil Future, the related pricing index + the pre-agreed trigger premium, or End-of-Day trigger price (ppl) which is based on the trigger day’s index settlement + the pre-agreed trigger premium.

Monthly trigger volume and contract period will be pre-agreed and the product needs to be triggered acoordingly. 

Trigger deals can be agreed as rack or pre-sale deals with regards to the lifting period (7 or 30 days from trigger date) as well as the invoicing process (rack = created upon product collection, or pre-sale = invoices are immediately issued upon trigger date for the full volume and order value).


Index-linked contracts

Pence per litre price which is based on the index settlement + the pre-agreed contract premium. 

The customer will have the choice of different index-linked pricing options i.e. average of the current week or month, average from the previous week (weekly lagged) or previous month  (monthly lagged) , index quotation from yesterday’s settlement (D-1) or from two days ago (D-2) 

Contract duration, volume and pricing index will be pre-agreed. Index-linked deals can be agreed as rack or pre-sale deals with regards to the lifting period as well as the invoicing.
 

Key Facts

2BN

Mabanaft supplies in excess of 2 billion litres of fuel to the uk each year