RE: ProCaribe's October LPG Purchase

MANY MANY MANY thanks. Looks like margins are locked up at very good levels. Elio, work with Miguel to see this through, to the extent anything is left.
Thanks

-----Original Message-----
From: Y'Barbo, Paul
Sent: Thursday, November 01, 2001 9:42 AM
To: Clapp, Suzanne B.; Mahan, Mariella; Weidler, Peter E; Maltes, Miguel
Cc: Tortolero, Elio
Subject: ProCaribe's October LPG Purchase

Suzanne,

The attached spreadsheet summarizes the pricing, hedging, and margin "lock-in" for the latest cargo. As shown, the pricing will be as follows:

932,967 gallons @ $0.46396

1,625,526 gallons @ Average November Non-TET Mont Belvieu plus 6.700 cents per gallon

1,679,706 gallons @ Average December Non-TET Mont Belvieu plus 6.700 cents per gallon

178,500 gallons @ Average January Non-TET Mont Belvieu plus 6.700 cents per gallon

4,416,699 Total gallons

Note: Bill of Lading date was October 25, 2001 B/L Quantity was 8477.35 MT (4,416,699 gallons) MB Avg. Oct. 24,25,26 was $0.39396/gallon

Basis: 521 Gallons/MT

Please confirm your with Elio and Miguel.

Paul

<< File: LPG Cargo 2001-10-29.xls <<