C.S. 166
CONFIDENTIAL
3
機密
XCC(80)82
?
。
Government and lent their expertise to produce the costings set out in the Annex to this paper. These are very broad brush costings and
the likelihood is that the VLCC costings shom are under-estimates
while the LR2 costs may be on the high side The are, nonetheless, reasonable as preliminary estimates. The costings are b based on the
assumption that the oil inventory is bought with a loan so interest charges of 14% per annum on this inventory are included, and, in fact,
form the biggest single item. They do, not include crew costs. These
arc added into the summary below. To allow for the fact that the VLCC
costings may be on the low side, maxima and minima aro given:
Inventory cost HK m
Min.
VLCC
207
Max.
Two LR2's
193
Storage & interest
H.K. $m per annum
48
64
88
Annual increase in
oil prices to break even
23%
31%
44
To these must be added bunkering costs if the ships are to be able
to put to sea in an emergency, the cost of discharging a VLCC by
means of an LR1 or LR2, and anchorage charges if the proposal of a
VLCC moored outside Hong Kong waters was adopted. The maximum figures
for the VLCC operation attempt to take a rough account of these costs.
If a tanker moored in Hong Kong waters was used, there would be additional
costs, which have not yet been worked out, for security expenses in the form of additional Marine Police patrols etc.
7.
It must be stressed that if the proposal for tanker storage
of oil products was pursued, costings would have to be gone into much.
more carefully. However, the overall view is that, unlike 1979, spot
cargoes are at present available at reasonable prices and also VLCC's
CONFIDENTIAL #
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