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Legal Definitions - tret

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Definition of tret

Tret refers to a specific deduction in weight or quantity that a seller grants to a buyer. This allowance accounts for impurities like moisture, dust, or other non-product material that might be inadvertently mixed with the goods being sold. It ensures the buyer only pays for the pure commodity, rather than for extraneous substances.

Here are some examples:

  • Imagine a large agricultural cooperative selling a bulk shipment of wheat to a flour mill. Even after initial processing, a certain percentage of the wheat's total weight might consist of residual moisture, fine dust, or small bits of chaff. To ensure fairness, the contract between the cooperative and the mill might include a tret allowance of 1.5%. This means the mill will pay for 98.5% of the measured weight, effectively deducting the agreed-upon 1.5% for the non-wheat impurities. This 1.5% reduction is the tret, compensating the buyer for material that isn't the primary commodity.

  • Consider a mining company selling a large quantity of raw bauxite ore to an aluminum refinery. Raw ore, by its nature, often contains varying amounts of soil, clay, and other inert rock fragments that are not the desired mineral. The sales agreement might stipulate a tret of 2% to account for these naturally occurring impurities. Therefore, if the shipment weighs 1,000 tons, the refinery would only be charged for 980 tons, with the 20-ton reduction being the tret. This ensures the refinery pays only for the usable bauxite content.

  • Suppose a chemical supplier delivers a bulk order of a powdered industrial salt to a manufacturing plant. Despite careful packaging, such powders can sometimes absorb a small amount of atmospheric moisture during storage or transit, slightly increasing their total weight. The supplier might offer a tret of 0.75% to address this potential moisture absorption. This allowance means the manufacturing plant receives a slight reduction in the invoiced weight, acknowledging that a small fraction of the total weight might be water rather than the pure chemical. The 0.75% deduction is the tret.

Simple Definition

Tret is an allowance or reduction in weight or quantity that a seller provides to a buyer. This adjustment accounts for impurities like water or dust that might be mixed in with the commodity being sold. It ensures the buyer pays only for the pure product.

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