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'.
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