Total
Gas Charge per month = [Fixed Charge] + [Commodity
Charge],
where: |
| Singapore
Index |
: |
It
is the ratio of the weighted average price composed
of MFO (50%) posted prices and MFO (50%) spot
prices at SIMEX in the month ("N month")
compared to the same weighted average price in
January 1993.
|
SPI
Where:
|
= |
50%
x MP(N) + 50% x MS(N) x EX(N)
50%
x 13.42 + 50% x 77.10 x 2.6069
|
| MP(N) |
= |
Singapore
average MFO posted price in US$/bbl in N-1 month |
| MS(N) |
= |
Singapore
average MFO spot price in US$/bbl in N-1 month |
| EX(N) |
= |
RM/US$
average exchange rate in Bank Negara in N-1 month |
| 13.42 |
= |
Singapore
average MFO posted price in US$/bbl in Jan 1993 |
| 77.10 |
= |
Singapore
average MFO spot price in US$/MT in Jan 1993 |
| 2.6069 |
= |
RM/US$
average exchange rate in Bank Negara in Jan 1993 |
| 6.18 |
= |
Conversion
factor from barrel to mmBtu for MFO posted |
| 40.80 |
= |
Conversion
factor from metric tonne to mmBtu for MFO spot |
