Premiums

Premiums are standard for refined metals. Premiums are bonuses that are paid over the price depending on the product that is delivered. A negative premium is a penalty or deduction. Several premiums can be applied to the same product.

Examples:

• A higher grade material attains a better price.
• Premiums can be attached to payable analytes because refining charges are based upon the particular tonnage of analyte refined. They can be expressed as a charge per unit (pound, gram, ounce, and so on) of payable metal for each of the elements. In this usage, the main difference between treatment charges and premiums is that treatment charges are related to the entirety of the product, whereas premiums relate to a specific element (for example, silver), for a specific metal units (for example, troy ounce).
• Premiums can be based upon the destination port. Although this is like freight parities, it is not freight parities. A month quota could contain three shipments, one to Bangkok, one to Ho Chi Minh and one to Hong Kong. If the destinations to use in the destination conditions are Use Actual Only, and the specified destinations match the final quantity location on the despatch order, set when entering fulfilment details for shipments, the premium charge is applied.