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  • Abo Fpso Supply

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    Victor Ohakim
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    This document summarizes the profit and loss for supplying 1,000,000 litres of product from an FPSO. It earned a total income of 240 million Naira in sales but incurred total costs of 192 million Naira for the product, loading, and transport. Additional costs of 4 million Naira were from interest and COT. The net income was 43.7 million Naira after accounting for all sales, costs, and expenses. Key assumptions included a product cost of 150 Naira per litre and daily vessel freight of 8,000 Naira for 10 days of transport.

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    P&L oil supply to FPSO

    Original Title

    ABO FPSO SUPPLY

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    This document summarizes the profit and loss for supplying 1,000,000 litres of product from an FPSO. It earned a total income of 240 million Naira in sales but incurred total costs of 192 million Naira for the product, loading, and transport. Additional costs of 4 million Naira were from interest and COT. The net income was 43.7 million Naira after accounting for all sales, costs, and expenses. Key assumptions included a product cost of 150 Naira per litre and daily vessel freight of 8,000 Naira for 10 days of transport.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    4 views3 pages

    Abo Fpso Supply

    Uploaded by

    Victor Ohakim
    This document summarizes the profit and loss for supplying 1,000,000 litres of product from an FPSO. It earned a total income of 240 million Naira in sales but incurred total costs of 192 million Naira for the product, loading, and transport. Additional costs of 4 million Naira were from interest and COT. The net income was 43.7 million Naira after accounting for all sales, costs, and expenses. Key assumptions included a product cost of 150 Naira per litre and daily vessel freight of 8,000 Naira for 10 days of transport.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    ABO FPSO SUPPLY P&L

    1,000,000 LITRES

    INCOME
    Sales of Product N 240 QUOTE

    COST OF SALE
    Cost of Product 150,000,000.00
    Cost of Loading 12,559,894.38
    Cost of Transport 29,600,000.00
    Total Cost of Sale 192,159,894.38

    COST OF MONEY
    Interest Rate 25% 3,948,490.98
    COT 201,767.89
    Total Cost of Money 4,150,258.87

    TRANSACTION PROFITABILITY
    Total Sales Income 240,000,000.00
    Total Cost of Sale 192,159,894.38
    Total Cost of Money 4,150,258.87
    Net Income 43,689,847
    ASSUMPTIONS
    Product Cost 150

    Loading Cost ($) (N)


    NPA 11,173.11 4,134,050.70
    TERMINAL CHARGES 5,027.15 1,824,855.45
    NIMASA 1,600.00 580,800.00
    DPR REMITA 5,000.00 1,815,000.00
    DPR PR 1,000.00 363,000.00
    3 NAVAL GUN BOAT ESCORT 6,000.00 2,178,000.00
    NAVAL CLEARANCE 2,100.00 762,300.00
    AGENCY FEE 1,500.00 544,500.00
    OPERATIONS EXPENSES 1,200.00 435,600.00
    34,600.26 12,559,894.38

    Transport Cost
    VESSEL FREIGHT Daily@ 8,000.00
    10DAYS 80,000.00 29,600,000.00
    EXCH RATE
    370

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