Originator.

Every flexibility in a term negotiation, priced: destination clauses, volume tolerance, indexation choice. Intrinsic plus extrinsic, before you concede any of them.

$0.5–2Mper contract year in destination flex alone

You negotiate terms whose value nobody at the table knows.

01 · THE SEAT

A three-year SPA is on the table. Every flex term has two values: what it is worth today, and what its optionality is worth across scenarios. And the deal itself is only worth what it does to your book.

— Every flex term valued: destination, volume tolerance, indexation

— Intrinsic and extrinsic value, shown separately, per term

— Valued at portfolio level: what the deal does to your whole book, not in isolation

— Reprice the term sheet between calls, and defend the number