Auction Procedure for the Purchase of Methanol - Global Methanol Lot (GML)

Award Criterion 1: Volume-weighted Price (EUR per metric tonne) --- The volume-weighted average price (EUR per metric tonne) is to be evaluated on the basis of the contract prices and the respective minimum contract quantity stated in the 'Price and Quantity Sheet' for all contract years (entire contract term). --- Step 1: Determination of the volume-weighted average price The volume-weighted average price (P) is to be calculated as follows and will be commercially rounded off to two decimal places: P = Sum(C_i x M_i)/Sum(M_i) --- Where: - Ci = Contract price (in EUR per metric tonne) for the respective delivery year i according to the 'Price and Quantity Sheet’ - Mi = Minimum contract quantity (in batches) for the respective delivery year i according to the 'Price and Quantity Sheet’ - i = Delivery years --- Step 2: Scoring Bids can score a maximum of 90 points. The bid with the lowest volume-weighted average price (EUR per metric tonne) will receive 90 points (maximum score). The points of the other bids are calculated according to the following formula (commercially rounded to two decimal places): --- Score for Award Criterion 1 = Pbest / P × 90 Where: - Pbest = Lowest volume-weighted average price among the admissible bids - P = Offered volume-weighted average price === Award Criterion 2: Optional Contract Quantity Ratio: --- The optional contract quantity relative to the minimum contract quantity according to the 'Price and Quantity Sheet’ (both cumulated over the entire contract term) is evaluated. --- Step 1: Determination of relative optional delivery quantity --- The optional contract quantity ratio (Q) is to be calculated as follows and will be commercially rounded off to 2 decimal spaces: Oi = Optional contract quantity (in batches) for the respective year i according to the 'Price and Quantity Sheet’ Mi = Minimum contract quantity (in batches) for the respective year i according to the 'Price and Quantity Sheet’ i = Delivery years Q = Sum(O_i)/Sum(M_i) --- Step 2: Scoring Bids can score a maximum of 10 points. The bid with the largest optional contract quantity ratio will receive 10 points (maximum score). The points for the other bids are calculated according to the following formula (commercially rounded to two decimal places): Score award criterion 2 = (Q/Q_max) *10 Q max = largest optional contract quantity ratio among the admissible bids Q = offered optional contract quantity ratio === Total Score The following formula is used to determine the total score: Total score = Score award criterion 1 + Score award criterion 2 --- The bidder with the highest total score is deemed to be the best bidder. If two or more bids achieve the same total score, the best bidder will be deemed to be the bidder who has offered the lower volume-weighted price. If there is still a tie between several bidders despite these criteria, the best bidder will be determined amongst those bidders by drawing lots. The best bidder will be subject to extended validation in accordance with Section 6 'Conditions of the Bidding Phase'.