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Netback definition
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Netback
An industry term referring to the net FOB cost of product offered on a delivered or CIF basis. It is derived by subtracting all costs of shipment from the landed price.
Found on
http://www.exchange-handbook.co.uk/index.cfm?section=glossary&first_letter=
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An industry term referring to the net FOB cost of product offered on a delivered or CIF basis. It is derived by subtracting all costs of shipment from the landed price.