We apply the Feed Standards Australia Fuel Levy Surcharge to our contracts.
How Feed Central Trading will apply the model
Feed Central Trading will apply and administer the FSA Fuel Levy through its contracts and automated invoicing system.
Each load is assessed at delivery
The fuel adjustment is not locked in when the contract is signed. Each load uses the FSA weekly levy that applies in the week it is delivered, so the adjustment reflects fuel prices at the time the freight actually moves.
Determining the delivery date
- Use the date recorded on the weighbridge docket.
- If no weighbridge docket is available, use the delivery date advised by the carrier.
- If that date is disputed, or the carrier has a vested interest in the applicable date, Feed Central Trading will make the final determination, acting reasonably on the available evidence.
Automated invoicing
Feed Central Trading’s system will identify the applicable weekly percentage, calculate the adjustment and itemise the fuel levy adjustment on the final invoice. Clients can see the agreed underlying price, the applicable weekly levy and the final amount.
Prepayments
A pro forma invoice will use the levy applicable on the date the invoice is created. The final invoice will use the levy applicable on the actual delivery date. The client may choose to reconcile any difference through an additional payment, refund or account credit.
