27 APPENDIX A - ATTACHMENT 1A QUOTATIONS USED IN REALISABLE PRICE CALCULATIONS Sample Clauses

27 APPENDIX A - ATTACHMENT 1A QUOTATIONS USED IN REALISABLE PRICE CALCULATIONS. Market Product Quotation Source ------ ------- --------- ------ USGC LPG Propane Propane Gas Liquids - Mont Belvieu LPG Normal Butane Normal Butane Gas Liquids - Mont Belvieu Gasoline Regular Unl. 87 US Gulf Coast - Waterborne Gasoline Unleaded Unl. 87 US Gulf Coast - Waterborne Naphtha Naphtha US Gulf Coast - Waterborne Jet Kero. Jet Kerosene US Gulf Coast - Waterborne No. 2 Oil No. 2 Oil US Gulf Coast - Waterborne Max. 1.0%S Fuel Oil No. 6 1.0%S US Gulf Coast - Waterborne NWE Gasoline Premium Prem. 0.15% Cargoes CIF NWE Basis ARA Gasoline Regular Reg Unlx0.925 Cargoes CIF NWE Basis ARA Jet Kerosene Jet Kerosene Cargoes CIF NWE Basis ARA Gasoil Gasoil 0.2 x 0.85 + Gasoil 0.3 x 0.15 Cargoes CIF NWE Basis ARA Fuel Oil 1.0% 1% Fuel Oil Cargoes CIF NWE Basis ARA MED Gasoline Premium Prem 0.25% until 31/5/91 Cargoes CIF Med Basis Genoa/Lavera Prem 0.15% x 0.98 after 31/5/91 Cargoes CIF Med Basis Genoa/Lavera Gasoline Regular Prem 0.25% x 0.921 until 31/5/91 Cargoes CIF Med Basis Genoa/Lavera Prem 0.15% x 0.903 after 31/5/91 Cargoes CIF Med Basis Genoa/Lavera Jet Kerosene Jet Kerosene Cargoes CIF Med Basis Genoa/Lavera Gasoil Gasoil Cargoes CIF Med Basis Genoa/Lavera Fuel Oil 1.0% 1% Fuel Oil Cargoes CIF Med Basis Genoa/Lavera For Mediterranean, when cargoes CIF are not quoted, use FOB quotation. 28 APPENDIX A - ATTACHMENT 1 WORKED EXAMPLE OF NETBACK CALCULATION TO DETERMINE REALISABLE PRICE FOR BONNY LIGHT CRUDE Note: All figures calculated are rounded to 4 decimal places, that is rounding down if the 5th decimal place is 4 or less, otherwise rounding up. Realisable Prices are based on the standard export gravities as per Paragraph 2 of this Appendix. The final calculated Realisable Prices will be adjusted to take account of API variations as follows: For each 0.1 deg. API difference above or below the reference gravity, an adjustment of $0.003 per barrel will be added to or subtracted from the calculated Realisable Price.
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