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Noranda Income Fund Unit T.NIF.UN


Primary Symbol: NNDIF

Metals & Mining Industrial Metals & Minerals
Noranda Income Fund is a Canadian based income trust. The fund owns the electrolytic zinc processing facility and ancillary assets located in Salaberry-de-Valleyfield, Quebec. It produces refined zinc metal and by-products from sourced zinc concentrates. The fund's long-term objective is to maximize unitholder value and provide monthly distributions to unitholders.


OTCPK:NNDIF - Post by User

Noranda Income Fund Unit > I love the smell of sulfuric acid in the morning...
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Comment by ZincDinkon Jun 28, 2022 12:56pm
98 Views
Post# 34787929

RE:RE:RE:RE:RE:RE:I love the smell of sulfuric acid in the morning...

RE:RE:RE:RE:RE:RE:I love the smell of sulfuric acid in the morning...Many companies will look after shipping. It all depends on what is contracted.

Usually, the carrier and the buyer take the responsibility for the load.

So for clarity, it depends on terms. Normally, you would say something like FOB Salaberry-de-Valleyfield,to indicate buyer, come pick up your juice on your own. Noranda would charge the going rate, say $ 300 per ton. Now if fertilizer company in say New York wants 10000 tons, someone is going to pay the freight, and it will be built into the price. In most cases, liability will shift to the carrier and buyer once its out the door.

The main point is shipping costs are only relevant if they are specified in a contract.

Its like the crazy zinc market. The LME price can be used for the price FOB destination. But now they charge an escalating premium. Just a crazy old world
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