Calculated Sulfur Price definition
Calculated Sulfur Price or “CSP” means, for a Contract Quarter, the average of the weekly averages “Spot—fob US Gulf” and “Contract—quarterly cfr Tampa” (converted from long ton to metric ton at a multiplier of 1.01605), in each case as published in Argus Sulphur, for the previous Contract Quarter. Solely for purposes of illustration, if the Parties intended to calculate the Calculated Sulfur Price for the Contract Quarter beginning on January 1, 2018, such Calculated Sulfur Price would be determined as follows (the thirteenth week that would normally be included is not included as there was no December 28, 2017 publication): Date range average Range average 21 Dec 2017 140 145 142.5 110.00 110.00 110.0 14 Dec 2017 156 170 163.0 110.00 110.00 110.0 07 Dec 2017 156 170 163.0 110.00 110.00 110.0 30 Nov 2017 156 172 164.0 110.00 110.00 110.0 23 Nov 2017 156 172 164.0 110.00 110.00 110.0 16 Nov 2017 156 172 164.0 110.00 110.00 110.0 09 Nov 2017 156 172 164.0 110.00 110.00 110.0 02 Nov 2017 110 115 112.5 110.00 110.00 110.0 26 Oct 2017 110 115 112.5 74.00 74.00 74.0 19 Oct 2017 110 115 112.5 74.00 74.00 74.0 12 Oct 2017 95 100 97.5 74.00 74.00 74.0 05 Oct 2017 95 100 97.5 74.00 74.00 74.0 Average 138.1 /MT x1.01605 99.6 /MT