Cash Flows for Installation of Captive Port Facilities

Construction (Years)
Description
1
2
3
1 Initial Investment (Capex)

-14000

-28000

Operating Cost (Opex)

Repairs & Maintenance
General Administration
Establishment
Insurance
Revenue Sharing with Port
Sub Total

4 Working Capital
5 Salvage Value
6 Net Margins (2-3-4)
7 Tax (33%)
8 Net Cash Flows
IRR
NPV

Calculation of Depreciation
Port Facility - Value
Depreciation (as per TAMP)
Written Down Value
Tax Calculations
Net Margins
Depreciation
Margins for Tax
Tax for Cash Outflows

Tax rate

-14000

-28000

20682
9902

20682
9902

2100
350
450
350
1034
4284

2100
350
450
350
1034
4284

813

15585

16398

4298

4587

11287

11811

-28000

Savings
2.1 Savings on account of Outgo to Port
2.2 Savings on a/c of lesser turnaround

3.1
3.2
3.3
3.4
3.5
3

-28000

15%
8,290

275097

3.34%

32%

30
5

30.000
1.500

70000
2338
67662

67662
2260
65402

15585
2338
13247
4298

16398
2260
14138
4587

2%
1%

31.500
0.630
0.315
32.445

Metric Tonne to barrel

7.147512

Savings for 1st 7 years

Average Savings

113973
16282

Savings for balance 10 years

Average Savings

266024
26602

379997
22353

Operation (Years)
10
11

20682
9902

20682
9902

20682
9902

20682
9902

20682
9902

24685
2862

24685
2862

24685
2862

24685
2862

2100
350
450
350
1034
4284

2100
350
450
350
1034
4284

2100
350
450
350
1034
4284

2100
350
450
350
1034
4284

2100
350
450
350
1034
4284

2100
350
450
350
1034
4284

2100
350
450
350
1034
4284

2100
350
450
350
1034
4284

2100
350
450
350
1034
4284

16398

16398

16398

16398

16398

20401

20401

20401

20401

4612

4635

4658

4680

4702

6021

6041

6060

6079

11786

11763

11740

11718

11696

14380

14360

14341

14322

65402
2184
63218

63218
2111
61106

61106
2041
59065

59065
1973
57092

57092
1907
55186

55186
1843
53342

53342
1782
51561

51561
1722
49839

49839
1665
48174

16398
2184
14213
4612

16398
2111
14286
4635

16398
2041
14357
4658

16398
1973
14425
4680

16398
1907
14491
4702

20401
1843
18558
6021

20401
1782
18619
6041

20401
1722
18679
6060

20401
1665
18736
6079

16182

MT

Barrels

Rs/barrel

15000000 107212682

15.19

20000000 142950242

18.61

Avg Rs/bbl

Avg USD/bbl

7 106.3051
10 186.0956
17 292.4007 17.20004

0.312728

n (Years)
12

13

14

15

16

17

18

19

20

24685
2862

24685
2862

24685
2862

24685
2862

24685
2862

24685
2862

24685
2862

24685
2862

24685
2862

2100
350
450
350
1034
4284

2100
350
450
350
1034
4284

2100
350
450
350
1034
4284

2100
350
450
350
1034
4284

2100
350
450
350
1034
4284

2100
350
450
350
1034
4284

2100
350
450
350
1034
4284

2100
350
450
350
1034
4284

2100
350
450
350
1034
4284

-813
10645

20401

20401

20401

20401

20401

20401

20401

20401

31859

6097

6114

6131

6148

6163

6179

6193

6208

9939

14304

14286

14270

14253

14238

14222

14208

14193

21920

48174
1609
46565

46565
1555
45010

45010
1503
43506

43506
1453
42053

42053
1405
40649

40649
1358
39291

39291
1312
37979

37979
1268
36710

36710
1226
35484

20401
1609
18792
6097

20401
1555
18846
6114

20401
1503
18898
6131

20401
1453
18948
6148

20401
1405
18996
6163

20401
1358
19043
6179

20401
1312
19089
6193

20401
1268
19132
6208

31859
1226
30633
9939

Phasing of Expenditure
Capital Cost (Rs/lacs)
1st year
2nd year
3rd year
Total

Operating Cost
Repairs & Maintenance (% on Capex)
General Administration (% on Capex)
Establishment (Rs. 15 lacs pa)
Insurance (% on Capex)
Revenue Sharing with Port (% of Revenue)

Working Capital (25% of Opex)

Back up for R & M

Ennore Port Assets
Ennore Port - Operating Expenses
% of Operating Expenses on Assets
Say

70000
20%
40%
40%

14000
28000
28000
70000

3.00%
0.50%
30
0.50%
5%

2100
350
450
350
1034

25%

813

6,816,458,534
218,285,778
3.20
3%

Assumptions and Inputs for Calculation of Savings in Port Charges on account of Captive Port facilit
Charges incurred during receipt of Crude at receiving Port
Description
UOM
Rate
Mooring/Berth Charges
USD/GRT/hour
0.00060
Pilotage
USD/GRT
0.26000
Pilot Attendance
USD/Hour
45.17000
Tug Hire Charges
USD/Hour
1500.00000
Port Dues
USD/GRT
0.24200
Wharfage
Rs/MT
12.00000
Proposed Time in Berth (Average per visit)
VLCC
Hours
Normal ships
Hours

36
24

Assumptions
Exchange Rate
USD to Rs
Investment
Rs/lacs
Period of completion
Years
Operation period
Years
Projected Cargo T'put (Annual)
Crude
MT
Products (Export)
MT
Total
MT

15000000
7500000
22500000

Ship Allocation
VLCC (75%) for crude
Normal Ships (Balance)
Total

11250000
11250000
22500000

MT to GRT (Factor)
GRT for VLCC
GRT for others
Total

MT
MT

MT
MT

Berthing Hours (Annual)

VLCC (no. of visits per annum)
(11250000/250000)
Average hours per visit
Total Hours per annum
Normal Ships (no. of visits per annum)
Crude (140000 MT)
(3750000/140000)
Products (40000 MT)
(7500000/60000)
(5625000/65000)

55
30000
3
20

0.592592593
6666666.667
6666667
13333333

45
36
1620
152
27
125

Average Hours per visit

Total Hours per annum

24
3643

Assumptions and Inputs for Calculation of Savings in Port Charges on account of Captive Port facili
Charges incurred during receipt of Crude at receiving Port
Description
UOM
Rate
Mooring/Berth Charges
USD/GRT/hour
0.00060
Pilotage
USD/GRT
0.26000
Pilot Attendance
USD/Hour
45.17000
Tug Hire Charges
USD/Hour
1500.00000
Port Dues
USD/GRT
0.24200
Wharfage
Rs/MT
12.00000
Proposed Time in Berth (Average per visit)
VLCC
Hours
Normal ships
Hours

36
24

Assumptions
Exchange Rate
USD to Rs
Investment
Rs/lacs
Period of completion
Years
Operation period
Years
Projected Cargo T'put (Annual)
Crude
MT
Products (Export)
MT
Total
MT

5000000
2500000
7500000

Ship Allocation
VLCC (75%) for crude
Normal Ships (Balance)
Total

MT
MT

3750000
3750000
7500000

MT to GRT (Factor)
GRT for VLCC
GRT for others
Total

MT
MT

Berthing Hours (Annual)

VLCC (no. of visits per annum)
(3750000/250000)
Average hours per visit
Total Hours per annum

55
30000
3
20

0.592592593
2222222
2222222
4444444

15
36
540

Normal Ships (no. of visits per annum)

Crude (140000 MT)
(1250000/140000)
Products (40000 MT)
(2500000/60000)
(5625000/65000)
Average Hours per visit
Total Hours per annum

51
9
42
24
1214

Petroleum has a specific gravity of 0.88 which means 1 liter weighs 0.88 kilograms.
From the volume page we know that:
1 barrel [US, petroleum] = 158.9872972 liter
So 1 barrel weighs:
158.9872972 * 0.88 = 139.908821536 kilograms
1 metric ton is 1000 kilograms:
139.908821536 / 1000 = 7.1475121
So there are a little over 7 barrels of petroleum in a metric ton.

ort Charges on account of Captive Port facilities (West Coast at 15 mmtpa)

Description
Mooring/Berth Charges
Pilotage
Pilot Attendance
Tug Hire Charges
Port Dues
Wharfage

Anticipated Savings
UOM
Rate
% Savings
USD/GRT/hour
0.00060
100%
USD/GRT
0.26000
100%
USD/Hour
45.17000
10%
USD/Hour
1500.00000
10%
USD/GRT
0.24200
100%
Rs/MT
12.00000
100%

Savings in Value - INR Lacs (Yearly)

VLCC
Others
GRT
6666666.667
6666667
Mooring/Berthing Charges
3564.00
8014.29
Pilotage
953.33
953.33
Pilot Attendance
4.02
9.05
Tug Hire Charges
133.65
300.54
Port Dues
887.33
887.33
Wharfage
1350.00
1350.00
Sub Total
6892.34
11514.54
Service Tax @ 12.36%
851.89
1423.20
Total
7744.23
12937.74

Total
13333333
11578
1907
13
434
1775
2700
18407
2275
20682

Note: 5% revenues to be shared with the State Maritime Board

Turnaround Time Savings

(14 hours for VLCC)
(6 hours for Normal ships)

3750000
7500000

4630.21

5271.63

9901.84

Port Charges on account of Captive Port facilities (West Coast at 5 mmtpa)

Description
Mooring/Berth Charges
Pilotage
Pilot Attendance
Tug Hire Charges
Port Dues
Wharfage

Anticipated Savings
UOM
Rate
% Savings
USD/GRT/hour
0.00060
100%
USD/GRT
0.26000
100%
USD/Hour
45.17000
10%
USD/Hour
1500.00000
10%
USD/GRT
0.24200
100%
Rs/MT
12.00000
100%

Savings in Value - INR Lacs (Yearly)

VLCC
Others
GRT
2222222
2222222
Mooring/Berthing Charges
396.00
890.48
Pilotage
317.78
317.78
Pilot Attendance
1.34
3.02
Tug Hire Charges
44.55
100.18
Port Dues
295.78
295.78
Wharfage
450.00
450.00
Sub Total
1505.45
2057.23
Service Tax @ 12.36%
186.07
254.27
Total
1691.52
2311.50

Total
4444444
1286
636
4
145
592
900
3563
440
4003

Note: 5% revenues to be shared with the State Maritime Board

Turnaround Time Savings

(14 hours for VLCC)
(6 hours for Normal ships)

1388.1

1474.13

2862.23

1250000
2500000