15th to 20th of the Contract Maturity Month.

15th to 20th of the Contract Maturity month by 3.00 p.m.

15th to 20th of the Contract Maturity Month.

The Seller will issue tender notice along with evidence of delivery to the Exchange in a specified format. 

Nil

Seller's Option. If the seller does not wish to offer delivery or if his delivery is rejected by the Exchange on any of the quality parameters or otherwise it will be settled as per the DDR notified by the Exchange.

Dissemination of Information on Trader Worksation on the date of intimation by 7.00 p.m.

All deliveries tendered by sellers on designated tender days shall be in the form of `Delivery Orders' issued in favor of the buyers, as per instructions of MCX. The Delivery Orders shall be filled up in the prescribed form and shall clearly state the contract particulars including quantity, quality and the delivery center, which should be accompanied with a bill in favor of the buyer.

Delivery Order once submitted cannot be withdrawn or cancelled or changed, unless so agreed by MCX in writing.

Fax or Courier

First amongst the willing buyers and then amongst the other buyers - on 20th day of the contract month after closure of the market.

At due date rate

Buyers willing to take delivery will be required to give their intention on 15h day of the Contract month by 3 p.m. In respect of allocation of delivery, priority will be given to those buyers who have given such intention. However, delivery can be allocated to other buyers also, who have not given their intention to take delivery and therefore, the buyers can give their intention on subsequent days also during the contract period. If the buyer fails to make payment for the delivery allocated to him, a penalty of 3 % will be imposed on him, out of which 90 % will be passed on to the seller tendering delivery. Further, the Buyer will not have any option about choosing the place of delivery and will have to accept the delivery as per allocation made by the Exchange.

By 10:30 a.m. on Tender day +2 basis.

By 5.00 p.m. on Expiry day +3 basis.

Deliveries can be effected from CWC or Exchange designated private warehouse at Mumbai.

1) Exchange designated private warehouse 
Address:           B-Mall, L..M..Nadkarni Marg, 
                        Near M.P T Hospital, Wadala (East), 
                        Mumbai-400037 
Contact Person: Mr. Vasu 
Contact No. :     022-56640000 
Fax No.:            022-56574109 
Email:               nmcll@rediffmail.com

2) Central Warehousing Corporation 

i) M. S. Jetha, Multistoried, 
   Cotton Avenue, Reay Road (East), 
   Mumbai-400033 
   Contact Person : Mrs. S. V. Dharankar 
   Contact No.:       022 - 2372 8936 
   Fax No.:             022 - 2371 3697 
   Email:                cwcmumbai@satyam.net.in

ii) Opp.Rallis India Ltd. 
    Turbhe Store, Sector-20,Vashi, New Mumbai-400613 
    Contact Person: Mr.V.K.Saxena 
    Contact No.:      022 - 2784 4089 
    Fax No.:            022 - 2784 4089 
    Email::              cwcmumbai@satyam.net.in

Warehouse receipts shall be endorsed in the name of the buyer after the pay-in and pay-out procedures are completed.

All outstanding positions on the expiry of contract shall be closed out at Due Date Rate.

Borne by the Seller upto Payout Date.
Borne by the Buyer after Payout Date.

The Members tendering delivery will have the option of delivering such grades of Urad, Tur and Yellow Peas as permitted by the Exchange under the contract specifications. The delivery of new crop only will be accepted. The buyer will not have any option to select a particular grade and the delivery offered by the seller and allocated by the Exchange shall be binding on him.The Member tendering delivery will clearly specify the grade to be delivered in the Delivery Order. Once the delivery grade is specified, it cannot be changed for the same Delivery Order. Such delivery grade shall be in conformity with the surveyor's certificate accompanied with the delivery document.

At the time of issuing the Delivery Order, the Member must satisfy MCX that he holds stocks of the quantity and quality specified in the Delivery Order at the declared Delivery Center. This should be substantiated by way of producing warehouse receipt. 

The procedures followed for drawing samples and carrying out analysis tests shall be as per booklet issued by Bureau of Indian standards. 

The goods tendered shall be weighed at the weigh bridge approved by the Exchange. The Buyer's representative shall present himself at the warehouse installation at the time of delivery failing which the weight determined by the Exchange shall be final and binding.

The buying member can endorse delivery order to a client or any third party with full disclosure given to MCX. Responsibility for contractual liability would be with the original assignee.

As per Exchange decision due to a force majeure or otherwise

Due Date Rate is calculated on the last day of the contract maturity. This is calculated by way of taking simple average of the spot market prices on the last day of the contract maturity. For the purpose of Urad,Tur and Yellow Peas, the Ex-Mumbai price of these commodities inclusive of all taxes will be considered. For obtaining the prices of spot market, the Exchange will take the prices from a panel of importers, exporters, processors, dealers and brokers and take the average out of 3 prices taken from three different entities. 

The general provisions of Business Rules & decisions taken by FMC/ Board / Executive Committee in respect of matters specified above will apply mutatis mutandis. The Exchange may further prescribe additional measures relating to delivery procedures, warehousing, Quality Certification, Margining, risk management from time to time. In case of any interpretational dispute or clarifications the decision of the Exchange shall be final and binding on the members and others.