Fertilizers
Default values by country of production for the nitrogen and phosphate goods MSE trades, with the structuring and bankability tools that sit around them.
Nitrogen & phosphate
The same three instruments used on every MSE mandate, applied to a fertilizer cargo, plus the calculation reference behind the carbon line.
Interactive · Structuring
Build a urea, ammonia, UAN or phosphate transaction - Incoterms route, financing and security, hedging and MSE's mandate role - and read off parties, documents, pricing and risk allocation.
Self-Assessment · Structuring pre-read
The eligibility logic a lender applies to a fertilizer trade - knock-out gates, collateral control at each leg, and the six credit pillars - with a verdict and an indicative advance rate.
Timeline · 2026-2034
CBAM phase-in, the free-allocation adjustment, EU due-diligence and the dates that bind a nitrogen or phosphate cargo. Year by year, obligation by obligation.
Technical note
CBAM charges what is left after a deduction, and it is the deduction that phases out. The formula, the CBAM factor year by year, and the working capital a treasurer actually funds.
Sector desk
Nitrogen and phosphate origination, offtake structuring and delivery - what MSE takes on, and under which mandate format.
Annex I reference
Annex I to the CBAM implementing regulation publishes an embedded-emissions default value for each good and each country of production. On urea the published values run from 1.25 to 3.68 tonnes of CO2e per tonne, against 2.72 for an origin with no row of its own. That spread decides where a nitrogen or phosphate cargo can still be bought once the certificate cost is added. Every figure below is read from the annex as published, not modelled.
| Country of production | Basis | Production route | Direct | Indirect | Total | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|
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