CPVX AGENDA 20.01.2016
1. Payments update: On Jan 7th 2016 we received the notification for the payment of 20 million USD corresponding to the 6000 MT 2. Orders update Order List given by Daniel Liddell: Order SO Creation Date Order Quantity (MT) SO Price per MT 10379086 20/10/2015 504.000 4,074.00 10379087 20/10/2015 504.000 4,074.00 10379089 20/10/2015 504.000 4,074.00 10379091 20/10/2015 504.000 4,074.00 10379092 20/10/2015 504.000 4,074.00 10379093 20/10/2015 504.000 4,074.00 10379094 20/10/2015 504.000 4,074.00 10379095 20/10/2015 504.000 4,074.00 10379096 20/10/2015 504.000 4,074.00 10379098 20/10/2015 176.400 4,074.00
RDD Contract Status 07/03/2016 6CON 07/03/2016 6CON 07/03/2016 6CON 14/03/2016 6CON 14/03/2016 6CON 14/03/2016 6CON 21/03/2016 6CON 21/03/2016 6CON 21/03/2016 6CON 21/03/2016 6CON
Actions: SOs listed weren’t rejected due that they are part of the 4th set. The RDD and for SOs highlighted were changed to ETA May and the C2S were requested to the DP Rob Green. The SOs not highlighted are those which are already assigned to the remnant product 3. Status for orders on hold: UNDER REVIEW WITH SENIOR MANAGEMENT Daniel Croisier: After the last meeting with the partner Kotahi and Fonterra the discussion was that the SOE has to send an email once and order sails from NZ to Kotahi’s team (Kotahi crmfon Kotahicrmfon@kotahi.co.nz) and update the Kotahi’s workgroup in order to give the instruction to the carriers to put on hold at T/S the orders. Action plan: 4. Status for orders which already sailed to PC These orders are already in Venezuela and the original docs for them have been sent to the customer as explained on topic 8 Orders in PC MT 10360108 10365624 1262 10360111 10379078
5. Age life for product on hold: Action plans for the remnant product: o As per our last meeting on 06.01.2016: To be confirmed and discussed the action plan if the product will be relocated in another market. Action plan: Felipe confirmed that CPVX accepted the material and that we already have the approval from Brendan to PACK&SHIP the 1364 MT of remnant product. The orders assigned for this MT (confirmed by Bevan Elphick) are these ones: 10379086 10379087 10379089 10379091 LC blocks were already removed for these orders on Jan 13 th with the support of Kerryn Whittaker and OSS, due that Leonardo was not able to do this because of the status of these orders on the system. Advance: SOs were assigned and are currently on the system. The route assigned to send the material is for Asia Route 6. DIT charges: CASA / Corpovex charges FY16 orders The new prices represent near a 300% of increment on D&D costs
Free Days
Costs Day 1121 20FT Standard Dry
0
$125
Carriers
MAEU (Current rate per container after discount)
o
(per day, per container)
Costs Day 22+
(per day, per container)
DIT / Container
40FT Standard Dry
20FT Standard Dry
40FT Standard Dry
Cost
$125
$125
$125
$225
Highlight:
The costs are being generated in effect as 3 times faster. o
Scenario:
358 containers of the 4th set would need an average time of only 34 days (1 month) to generate the same cost (USD 1.515 million) that it took to generate the 240 containers of the 3rd set on 117 days (four months)
Questions
THANK YOU.