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Ship Finance International Limited Message Board

ujok_wehu 1 post  |  Last Activity: Feb 15, 2016 10:58 AM Member since: Jun 27, 2004
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    Computation of base royalties, to all .....

    by stalyon52 Feb 5, 2016 10:34 AM
    ujok_wehu ujok_wehu Feb 15, 2016 10:58 AM Flag

    By my math, MSB shipped 2.7M tons through Q3. They shipped 0.98M tons in Q4. This means:
    0.29M tons @ 5% base royalty
    0.69M tons @ 5.5% base royalty
    The base royalty paid was $2.86M, which implies a price of $54.46/ton.

    The bonus royalty was $270k, and that amounts to 0.5% of $54.46*0.98M tons. 0.5% is the lowest bonus rate, for actual prices no more than $2 above the adjusted threshold price.

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