A corrugated bulk container for shipping, storing and dispensing liquids and semi-liquid fluids. The container is a laminated triple wall open-ended tube having side walls and end walls, and a bag assembly is supported in the tube for containing the liquid or semi-liquid fluid. The bag assembly includes a bag having a fill valve and a dispensing valve attached to it, a bag cassette to which a bottom end of the bag is attached, and a fill valve support plate to which a top end of the bag is attached. The bag cassette has structure to receive and hold the dispensing valve in position relative to a dispensing valve opening in the tube, and the fill valve support plate has structure to receive and support the fill valve. The container is attached to a pallet by severable structure, and the fill valve support plate is attached to the tube by severable structure so that the bag assembly can be removed from the container, for easy collapse of the container for disposal or recycling. Fill valve support structure is cut from the fill valve support plate and folded into a position to receive and support the fill valve.