FuelEDGE.net Fee Schedule
B2B Edge Corp.
B2B Edge Corp. charges a fee for each Transaction effected using the FuelEDGE.net System. There is no fee charged for creating a posting on the System that expires or is canceled (pulled). B2B shall submit monthly invoices to you setting out all fees owed based on the Fee Schedule.
1. Straight buy or sell trades
Sellers are responsible for paying the transaction fee per the following table, unless the seller indicates in his posting record that the fee shall be reversed and the buyer agrees to pay the transaction fee. The fee schedule grants discounts for billable volume in Tier 2 and Tier 3 as defined below:
Transaction Fees for linked buy-sell trades – based on trader account volume each month
Trader Account Billable Volume Transaction Fee
Tier 1--First 125,000 Barrels/calendar month $0.02100 / Barrel (0.0500 cpg)
Tier 2--125,001 to 500,000 B/month $0.01575 / Barrel (0.0375 cpg or 25% discount)
Tier 3—Greater than 500,000 B/month $0.01050 / Barrel (0.0250 cpg or 50% discount)
2. Linked buy-sell trades (regrades, time trades, location trades)
In a linked buy-sell trade, each trader agrees to sell a product parcel and to buy a product parcel. Since each trader is a seller for half of the deal, the transaction fee is split and borne by each trader. Each trader?s selling volume is applied to his billable volume, and the transaction fee is based on volume tiers as follow:
Trader Account Billable Volume Transaction Fee
Tier 1--First 125,000 Barrels/calendar month $0.01050 / Barrel (0.02500 cpg)
Tier 2--125,001 to 500,000 B/month $0.007875 / Barrel (0.01875 cpg or 25% discount)
Tier 3—Greater than 500,000 B/month $0.00525 / Barrel (0.01250 cpg or 50% discount)
3. Transaction Fee Reversal
a. Straight buy or sell—A seller may elect to reverse the transaction fee and have the buyer pay. If the buyer accepts responsibility to pay the transaction fee, then the seller agrees to sell the product parcel at the executed transaction price less a discount of $0.021 /barrel (0.05 cents/gallon). The transaction volume shall be credited to the buyer?s account billable volume and the buyer shall pay the transaction fee appropriate to his volume tier.
b. Linked buy-sell—A trader who creates a posting for a linked buy-sell trade may elect to have the counterparty pay the full transaction fee. If the trade counterparty agrees, then the posting trader agrees to reduce the price collected or to increase the price paid by $0.0105 / barrel (0.025 cents/gallon) from the executed transaction price. The transaction volume shall be credited to the buyer's account billable volume and the buyer shall pay the transaction fee appropriate to his volume tier for a straight buy or sell trade—see Paragraph 1, above.
Fees effective May 1, 2000
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