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TeachMeFinance.com - explain Netback purchase Netback purchase The term 'Netback purchase' as it applies to the area of energy can be defined as ' Refers to a crude oil purchasemagreement wherein the price paid for the crude is determined by salesmprices of the types of products that are derivable from that crude asmwell as other considerations (e.g., transportation and processingmcosts). Typically, the price is calculated based on product pricesmextant on or near the cargo's date of importation'. Previous 5 Terms: Net Rainfall Net Receipts Net summer capacity Net winter capacity Net working interest Next 5 Terms: network Network Network Neural stem cell neuralgiform About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.