What a Nautica quotation contains
Every written quote states: ISRI grade or full written specification, quantity (single container or monthly contract tonnage with ±5% tolerance), incoterm (CIF, CFR, FOB Rotterdam or FCA Rotterdam), discharge port, packaging (loose, baled, densified, drummed), LME reference date and settlement value used, the discount percentage or absolute differential applied, the resulting USD per metric tonne, validity window (48 hours subject to LME) and payment terms.