Glossary

for Timber

PAY YOUR ATTENTION: this Glossary for Timber is additional to Basic Glossary.

Annual Exchange Auctions exchange auctions for timber held by the exchange, where timber lots with delivery terms within the next calendar year are auctioned; the auctions are held the year before, in November.

FOR Dispatch Station delivery basis, including the expenses of manufacturing organization for harvesting, logging (mobile logging) to logger road, truck loading, transporting to the lower log storage, delivery to the dispatch station, car loading, cost of fasteners and railway services. Railway charge and expenses for further delivery to the receiving station are on the customer.

FOR Receiving Station delivery basis, including the expenses of manufacturing organization for harvesting, logging (mobile logging) to logger road, truck loading, transporting to the lower log storage, delivery to the dispatch station, car loading, cost of fasteners, railway services and expenses for delivery of the car to the receiving station.

Free Customer's Warehouse delivery basis, including the expenses of manufacturing organization for harvesting, logging (mobile logging) to logger road, truck loading, transporting to a customer and discharging of timber in customer's warehouse.

Free Intermediate Wood Yard delivery basis, including the expenses of manufacturing organization for harvesting, logging (mobile logging) to logger road, where the customer's truck will be loaded. Loading services are paid for by the customer.

Free Lower Wood Yard delivery basis, including the expenses of manufacturing organization for harvesting, logging (mobile logging) to logger road, truck loading and transporting to the lower log storage.

Long-Term Exchange Transaction exchange transaction concluded at the exchange auctions, and its delivery terms make up six months or more.

Quarterly Exchange Auctions exchange auctions for a specific timber product, their delivery terms make up three months and more. They are held in December, March, June and September no late than 6 days before the start of the next quarter.

Quarterly Exchange Quotation price for exchange commodities (group of commodities) determined by results of exchange auctions per three months (quarter) before the start of next quarter. Quarterly exchange quotation is determined via analysis of exchange transactions, prices, offered by exchange trade participants, and other price factors on the basis of unified criteria and special methods, established by the exchange.

Timber Products exchange commodities, admitted to the exchange trade at the timber products section, except standing timber.