Course 18 of 20 · Agricultural Commodities Desk Academy

Freight & Destination Netbacks

Stage E, Integrated merchant practice. Level 8 of 10.

The movement and destination choice: truck, rail, barge and ocean freight cost, laytime and demurrage, port and discharge constraints, and netback comparison across competing destinations.

123 chapters · 11 modules · every chapter one 8 to 10 minute explainer · builds on: Course 07, Course 08, Course 10

Enrol or enquire See the 123 chapters
How a chapter is delivered

One chapter is one idea taken to the point of use

Each chapter covers one idea to the point where you can use it, and comes two ways: a narrated explainer, and a deep dive audio discussion of around thirty minutes that works the same material at depth.

Self-paced throughout, and the same chapters can be taught as a cohort. Chapters run in order: each one assumes only what the chapters before it taught, and capability belonging to a later course is named and deferred rather than half-covered.

Curriculum

11 modules · 123 chapters

Open any module for its full chapter list, in teaching order.

M0 The Parcel That Could Go Four Ways Ch 1-11
  1. One Parcel, Several Buyers, Different Directions
  2. The Netback as the Merchant's Working Number
  3. Why an Unstated Basis Makes a Netback Worthless
  4. The Merchant's Seat, Not the Shipowner's
  5. Four Modes, Four Charging Logics
  6. Where a Freight Figure Actually Comes From
  7. The Tonnage Each Charge Divides By
  8. What a Country Bid Owes to This Arithmetic
  9. The Shipped Alternative Course Ten Comes Here For
  10. Interest, Delivery Terms and Stress: Three Borrowed Pieces
  11. The Movement Choice This Material Builds Towards
M1 The Road Leg and the Draw Area Ch 12-21
  1. What a Haulier Charges and How He Charges It
  2. The Draw Radius Around a Country House
  3. Backhaul, Empty Running and the Rate It Buys
  4. Turn Time at the Weighbridge as a Haulage Cost
  5. Harvest Weeks and the Lorry Nobody Can Find
  6. Turning a Contract Haul Allowance Into a Cost Line
  7. Axle Limits, Permits and the Load You May Not Carry
  8. Road Movement Across a Land Border
  9. The Road Leg Reduced to a Charge Per Tonne
  10. Where the Lorry Decides Which Destinations Exist
M2 Rail: Tariff, Cars and the Shuttle Ch 22-32
  1. The Covered Hopper and the Train It Belongs To
  2. Single Cars, Manifest Service and the Shuttle Train
  3. Reading a Published Rail Tariff
  4. Fuel Surcharge and What Rides on Top of a Tariff
  5. Car Supply Traded as a Market of Its Own
  6. Cycle Time and the Train That Must Come Back
  7. Free Hours, Detention and the Penalty for a Late Train
  8. Interchange Between Two Railroads
  9. The Penalty for Missing a Train's Loading Window
  10. A Year of Rail Bought as a Commitment
  11. The Rail Leg Priced Per Tonne to a Named Port
M3 Barge and the Inland Waterway Ch 33-43
  1. The Grain Barge and the Tow It Travels In
  2. Barge Freight Quoted as a Percentage of Tariff
  3. River Stage and the Draught a Barge Can Load To
  4. Light Loading and the Tonnes Left on the Bank
  5. Locks, Queues and the Days a Tow Waits
  6. The Navigation Season and the River That Closes
  7. Covered Against Open Hopper Barges
  8. Barge Rates Through a Harvest Peak
  9. Transhipment From Barge Into a Vessel's Hold
  10. The Danube and the Rhine as Two Different River Trades
  11. The Barge Leg Entered on the Netback Sheet
M4 Ocean Carriage Bought, Not Operated Ch 44-54
  1. How Much of a Vessel One Parcel Needs
  2. Handysize, Supramax and Panamax as a Grain Decision
  3. Reading a Shipbroker's Freight Indication
  4. Per Tonne, Lumpsum and the Shape of a Quote
  5. Who Buys the Ocean Leg, and What That Settles
  6. Fuel Escalation Written Into a Freight Quote
  7. A Part Cargo Sharing a Hull With Other Grain
  8. The Canal Toll Inside a Gulf to Asia Cargo
  9. Two Load Ports Before the Vessel Sails
  10. Chartering, Voyage Costing and Paper Freight
  11. The Ocean Leg Reduced to One Figure Per Tonne
M5 Time at the Berth as a Priced Risk Ch 55-64
  1. Laytime Granted by the Owner and Held by the Charterer
  2. Demurrage Owed by the Charterer, Despatch Owed Back
  3. The Load Rate a Grain Sale Promises
  4. When the Terminal Loads Slower Than You Sold
  5. Passing Demurrage Back to the Elevator
  6. Sizing a Waiting Allowance Before the Vessel Is Fixed
  7. A Harvest Line-Up at a Named Export Port
  8. The FOB Seller's Berth Risk Against the CFR Seller's
  9. Despatch Earned and Who Actually Keeps It
  10. The Statement of Facts, the Count and the Claim File
M6 Ports, Berths and Discharge That Bound the Choice Ch 65-75
  1. The Port That Cannot Take Your Parcel
  2. Draught Restriction at an Up-River Terminal
  3. Air Draught, Lock Chambers and the Size Cap They Impose
  4. A Shiploader's Rate Against the Rate You Sold
  5. Berth Windows and the Queue at a Seasonal Peak
  6. Grab, Pneumatic and the Speed Grain Leaves a Hold
  7. The Destination That Will Only Take Bagged Grain
  8. Containerised Grain and the Box as a Mode of Its Own
  9. Silo Room and Onward Movement Behind the Quay
  10. Fumigation and Inspection Capacity at a Discharge Port
  11. The Constraint Map That Shortens a Candidate List
M7 Constructing the Netback Ch 76-88
  1. Choosing the Point Everything Is Priced Back To
  2. Five Facts That Belong on Every Netback Row
  3. Starting From a Destination Value You Can Defend
  4. Stripping the Discharge End Off the Price
  5. Taking the Ocean Leg Out of the Number
  6. Removing the Inland Legs One at a Time
  7. Grade, Protein and Moisture Carried Into the Netback
  8. Dockage, Shrink and the Tonnes That Disappear
  9. Interest on the Days the Money Is Out
  10. Currency on Each Row of a Cross-Border Sheet
  11. A Delay Provision Standing Inside the Sheet
  12. The Whole Netback on One Page
  13. Auditing a Netback for the Row That Is Missing
M8 Comparing Destinations on One Basis Ch 89-100
  1. Putting Two Destinations on Comparable Ground
  2. A Ranking Table Across Four Outlets
  3. Taking a Netback Difference Apart Row by Row
  4. When the Nearest Destination Loses
  5. The Milling Buyer Who Pays for Protein
  6. The Feed Buyer Who Will Take Almost Anything
  7. The Crush Plant's Bid Against the Export Berth
  8. The Freight Rate at Which a Destination Starts to Win
  9. The Destination Price That Would Change the Answer
  10. The Rows Worth Refreshing Every Morning
  11. A Ranking That Reverses When the River Falls
  12. What a Ranking Table Will Not Settle
M9 The Chain, the Option and the Arguments Ch 101-111
  1. The Single Leg Assumption and What Breaks It
  2. Transfer Loss and Double Handling Between Legs
  3. Idle Days Between One Mode and the Next
  4. The Chain Costed Whole Rather Than Leg by Leg
  5. Keeping a Destination Open and What It Is Worth
  6. A Diversion Right Priced After the Vessel Sails
  7. Quoting Delivered When the Freight Is Not Yet Fixed
  8. The Own or Charter Argument and Its Assumptions
  9. The Persistent Netback Gap Argument and Its Assumptions
  10. Freight Indices, Forward Freight and Rate Cover
  11. A Chain Rebuilt After One Leg Failed
M10 One Parcel to Four Destinations, and the Limits Ch 112-123
  1. One Parcel, Part One: The Grain and the Four Outlets
  2. One Parcel, Part Two: The Legs Costed
  3. One Parcel, Part Three: Four Netbacks Assembled
  4. One Parcel, Part Four: The Choice and Its Defence
  5. The Same Parcel at Low River Stage
  6. The Same Parcel With No Cars Available
  7. The Same Parcel Against a Falling Freight Market
  8. The Reversal Thresholds Behind the Worked Choice
  9. Presenting a Netback to the People Who Fund It
  10. The Clean Sheet That Is Still Wrong
  11. What Movement Arithmetic Cannot Price
  12. The Netback the Stress and Simulation Courses Inherit

The brochure gives each of these 123 chapters a paragraph on what it covers and what you can do once you have worked through it.

This is course 18 of twenty

It stands alone, and it is also the entry point to the Agricultural Commodities Desk Academy pathway.

Enrol or enquire See the whole pathway