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Table 65. Cost structure of urea from various ports in the Philippines in 1991


Poro

Limay

Manila

Batangas

Tabaco

Iloilo

Cag. de Oro

Davao

Gen. San. City

Ave.

CNF ($US/ton bulk)

180.00

180.00

180.00

180.00

180.00

180.00

180.00

180.00

180.00

180.00

Forex rate (pesos/$US)

28.56

28.56

28.56

28.56

28.56

28.56

28.56

28.56

28.56

28.56

Pesos/ton bulk

5140.80

5140.80

5140.80

5140.80

5140.80

5140.80

5140.80

5140.80

5140.80

5140.80

Interest (30%& 90 days)

385.56

385.56

385.56

385.56

385.56

385.56

385.56

385.56

385.56

385.56

Insurance

15.00

15.00

15.00

15.00

15.00

15.00

15.00

15.00

15.00

15.00

Financing


L/C Opening1/4% of 1%

12.85

12.85

12.85

12.85

12.85

12.85

12.85

12.85

12.85

12.85


Bank comm.

12.85

12.85

12.85

12.85

12.85

12.85

12.85

12.85

12.85

12.85


Documentary stamps

7.71

7.71

7.71

7.71

7.71

7.71

7.71

7.71

7.71

7.71

Cost of bagging


Cost of bags

300.00

300.00

300.00

300.00

300.00

300.00

300.00

300.00

300.00

300.00


Bagging

200.00

275.00

300.00

260.00

280.00

200.00

230.00

225.00

250.00

300.00


Lighterage



800.00







8.89


Stockpiling

20.00

20.00

20.00

20.00

20.00

20.00

20.00

20.00

20.00

20.00

Landing charges


Wharfage

23.50

23.50

11.75

23.50

23.50

23.50

23.50

23.50

23.50

23.19


Brokerage

5.00

10.00

5.00

10.00

5.00

10.00

10.00

20.00

10.00

9.44


Survey/Checking

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

10.00

Delivery charges


Trucking

60.00

40.00

200.00

80.00

70.00

100.00

60.00

80.00

60.00

83.30


Handling-In

20.00

20.00

20.00

20.00

20.00

20.00

20.00

20.00

20.00

20.00


Warehousing












Storage (60 days)

40.00

40.00

60.00

40.00

40.00

40.00

40.00

40.00

40.00

42.22


Handling- out

20.00

20.00

20.00

20.00

20.00

20.00

20.00

20.00

20.00

20.00


Contingencies(1% of CNF)1

51.40

51.40

51.40

51.40

51.40

51.40

51.40

51.40

51.40

51.40

Sub-Total

6324.68

6384.68

6652.93

6409.68

6414.68

6369.68

6359.68

6384.68

6379.68

6408.93

Admin/OC/Marketing costs
(5% of Sub-total)

316.23

319.23

332.65

320.48

320.73

318.48

317.98

319.23

318.98

320.44


Total cost/ton

6640.91

6703.91

6985.58

6730.16

6735.41

6688.16

6677.66

6703.91

6698.66

6729.37


Total cost/50 kgs. bag

332.05

335.20

349.28

336.51

336.77

334.41

333.88

335.20

334.93

336.47

Markup/50 kgs. bag (5)

16.60

16.76

17.46

16.83

16.84

16.72

16.69

16.76

16.75

16.82

Selling price/50 kgs. bag (Pesos)

348.65

351.96

366.74

353.34

353.61

351.13

350.57

351.96

351.68

353.29

Source: FADINAP (1992)

1 includes provision for shrinkage, demmurage, losses in storage/transit


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