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US Waterborne LPG

Exports - And The Impact


on the Global LPG Market
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent.
Introduction to Waterborne Energy
* Founded in 1983
* Houston based
* Global offices & Contributors
* LPG & LNG shipping-related publications
* Clients in 44 countries

2
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent.
Our Core
We track the global movements of the bluewater LPG
fleet
3
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent.
Isabella Kosan 8,000cbm
4
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent.
Bastogne 35,223cbm
5
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent.
J enny N 60,000cbm
6
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent.
Bu Sidra 82,000cbm
7
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent.
BW Kyoto 84,000cbm
8
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent.
Topics to be Covered
* Global Supplies
* Regional Supplies
* Global Delivery Volumes
* US Import / Export History
* US Export Supplies
* US Export Supplies by Coast
* US Exports by Regional Destination
* Propane & Butane Pricing
* US Terminalling Fees
* US Export Expectations
* US LPG Marine Terminal Projects
9
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent.
Topics to be Covered
* Global Supplies
* Regional Supplies
* Global Delivery Volumes
* US Import / Export History
* US Export Supplies
* US Export Supplies by Coast
* US Exports by Regional Destination
* Propane & Butane Pricing
* US Terminalling Fees
* US Export Expectations
* US LPG Marine Terminal Projects
10
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent. 11
3,270,800 3,511,600
455,000
517,000
3,114,855
3,486,222
6,213,250
6,400,600
3,309,587
5,059,891
34,589,285
34,464,323
5,894,500
5,333,300
654,224
546,950
2,157,000
1,804,000
0
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
35,000,000
40,000,000
45,000,000
50,000,000
55,000,000
60,000,000
65,000,000
2011 2012
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e
t
r
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T
o
n
s
Annual Global LPG Supply By Regional Source
Australia
Caribbean
Mediterranean
Middle East
North America
North Sea
South America
Souheast Asia
West Africa
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent. 12
5%
1%
5%
10%
6%
58%
10%
1%
4%
6%
1%
6%
10%
8%
56%
9%
1%
3%
6%
0%
3%
13%
12%
53%
8%
1%
4%
0%
10%
20%
30%
40%
50%
60%
70%
West Africa Souheast Asia South America North Sea North America Middle East Mediterranean Caribbean Australia
Global Annual LPG Supplies By Region
2011
2012
2013 YTD
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent.
Topics to be Covered
* Global Supplies
* Regional Supplies
* Global Delivery Volumes
* US Import / Export History
* US Export Supplies
* US Export Supplies by Coast
* US Exports by Regional Destination
* Propane & Butane Pricing
* US Terminalling Fees
* US Export Expectations
* US LPG Marine Terminal Projects
13
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent. 14
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
J
a
n
-
1
1
F
e
b
-
1
1
M
a
r
-
1
1
A
p
r
-
1
1
M
a
y
-
1
1
J
u
n
-
1
1
J
u
l
-
1
1
A
u
g
-
1
1
S
e
p
-
1
1
O
c
t
-
1
1
N
o
v
-
1
1
D
e
c
-
1
1
J
a
n
-
1
2
F
e
b
-
1
2
M
a
r
-
1
2
A
p
r
-
1
2
M
a
y
-
1
2
J
u
n
-
1
2
J
u
l
-
1
2
A
u
g
-
1
2
S
e
p
-
1
2
O
c
t
-
1
2
N
o
v
-
1
2
D
e
c
-
1
2
J
a
n
-
1
3
F
e
b
-
1
3
M
a
r
-
1
3
A
p
r
-
1
3
M
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c

T
o
n
s
Total Monthly Middle East LPG Lifting Volumes
Propane Butane Monthly Average MidEast
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent. 15
0
25,000
50,000
75,000
100,000
125,000
150,000
175,000
200,000
225,000
250,000
275,000
300,000
325,000
350,000
375,000
400,000
425,000
450,000
475,000
500,000
525,000
550,000
575,000
600,000
625,000
650,000
675,000
700,000
725,000
750,000
775,000
800,000
825,000
850,000
J
a
n
-
1
1
F
e
b
-
1
1
M
a
r
-
1
1
A
p
r
-
1
1
M
a
y
-
1
1
J
u
n
-
1
1
J
u
l
-
1
1
A
u
g
-
1
1
S
e
p
-
1
1
O
c
t
-
1
1
N
o
v
-
1
1
D
e
c
-
1
1
J
a
n
-
1
2
F
e
b
-
1
2
M
a
r
-
1
2
A
p
r
-
1
2
M
a
y
-
1
2
J
u
n
-
1
2
J
u
l
-
1
2
A
u
g
-
1
2
S
e
p
-
1
2
O
c
t
-
1
2
N
o
v
-
1
2
D
e
c
-
1
2
J
a
n
-
1
3
F
e
b
-
1
3
M
a
r
-
1
3
A
p
r
-
1
3
M
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c

T
o
n
s
Total Monthly US LPG Lifting Volumes
Propane Butane Monthly Average US
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent. 16
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
450,000
500,000
550,000
J
a
n
-
1
1
MM
J
S
N
J
a
n
-
1
2
MM
J
S
N
J
a
n
-
1
3
M
M
e
t
r
i
c

T
o
n
s

Total Monthly Latin American LPG Lifting Volumes
Propane Butane Average Monthly Latin America
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent. 17
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
J
a
n
-
1
1
F
e
b
-
1
1
M
a
r
-
1
1
A
p
r
-
1
1
M
a
y
-
1
1
J
u
n
-
1
1
J
u
l
-
1
1
A
u
g
-
1
1
S
e
p
-
1
1
O
c
t
-
1
1
N
o
v
-
1
1
D
e
c
-
1
1
J
a
n
-
1
2
F
e
b
-
1
2
M
a
r
-
1
2
A
p
r
-
1
2
M
a
y
-
1
2
J
u
n
-
1
2
J
u
l
-
1
2
A
u
g
-
1
2
S
e
p
-
1
2
O
c
t
-
1
2
N
o
v
-
1
2
D
e
c
-
1
2
J
a
n
-
1
3
F
e
b
-
1
3
M
a
r
-
1
3
A
p
r
-
1
3
M
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c

T
o
n
s
Total Monthly Algerian LPG Lifting Volumes
Propane Butane Monthly Average Algeria
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent. 18
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
450,000
500,000
J
a
n
-
1
1
F
e
b
-
1
1
M
a
r
-
1
1
A
p
r
-
1
1
M
a
y
-
1
1
J
u
n
-
1
1
J
u
l
-
1
1
A
u
g
-
1
1
S
e
p
-
1
1
O
c
t
-
1
1
N
o
v
-
1
1
D
e
c
-
1
1
J
a
n
-
1
2
F
e
b
-
1
2
M
a
r
-
1
2
A
p
r
-
1
2
M
a
y
-
1
2
J
u
n
-
1
2
J
u
l
-
1
2
A
u
g
-
1
2
S
e
p
-
1
2
O
c
t
-
1
2
N
o
v
-
1
2
D
e
c
-
1
2
J
a
n
-
1
3
F
e
b
-
1
3
M
a
r
-
1
3
A
p
r
-
1
3
M
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c

T
o
n
s
Total Monthly West African LPG Lifting Volumes
Propane Butane Monthly Average West Africa
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent. 19
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
J
a
n
-
1
1
F
e
b
-
1
1
M
a
r
-
1
1
A
p
r
-
1
1
M
a
y
-
1
1
J
u
n
-
1
1
J
u
l
-
1
1
A
u
g
-
1
1
S
e
p
-
1
1
O
c
t
-
1
1
N
o
v
-
1
1
D
e
c
-
1
1
J
a
n
-
1
2
F
e
b
-
1
2
M
a
r
-
1
2
A
p
r
-
1
2
M
a
y
-
1
2
J
u
n
-
1
2
J
u
l
-
1
2
A
u
g
-
1
2
S
e
p
-
1
2
O
c
t
-
1
2
N
o
v
-
1
2
D
e
c
-
1
2
J
a
n
-
1
3
F
e
b
-
1
3
M
a
r
-
1
3
A
p
r
-
1
3
M
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T
o
n
s
Total Monthly North Sea LPG Lifting Volumes
Propane Butane Monthly Average North Sea
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent. 20
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
J
a
n
-
1
1
F
e
b
-
1
1
M
a
r
-
1
1
A
p
r
-
1
1
M
a
y
-
1
1
J
u
n
-
1
1
J
u
l
-
1
1
A
u
g
-
1
1
S
e
p
-
1
1
O
c
t
-
1
1
N
o
v
-
1
1
D
e
c
-
1
1
J
a
n
-
1
2
F
e
b
-
1
2
M
a
r
-
1
2
A
p
r
-
1
2
M
a
y
-
1
2
J
u
n
-
1
2
J
u
l
-
1
2
A
u
g
-
1
2
S
e
p
-
1
2
O
c
t
-
1
2
N
o
v
-
1
2
D
e
c
-
1
2
J
a
n
-
1
3
F
e
b
-
1
3
M
a
r
-
1
3
A
p
r
-
1
3
M
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T
o
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s
Total Monthly Southeast Asian LPG Lifting Volumes
Propane Butane Monthly Average SE Asia
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent. 21
0
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
J
a
n
-
1
1
F
e
b
-
1
1
M
a
r
-
1
1
A
p
r
-
1
1
M
a
y
-
1
1
J
u
n
-
1
1
J
u
l
-
1
1
A
u
g
-
1
1
S
e
p
-
1
1
O
c
t
-
1
1
N
o
v
-
1
1
D
e
c
-
1
1
J
a
n
-
1
2
F
e
b
-
1
2
M
a
r
-
1
2
A
p
r
-
1
2
M
a
y
-
1
2
J
u
n
-
1
2
J
u
l
-
1
2
A
u
g
-
1
2
S
e
p
-
1
2
O
c
t
-
1
2
N
o
v
-
1
2
D
e
c
-
1
2
J
a
n
-
1
3
F
e
b
-
1
3
M
a
r
-
1
3
A
p
r
-
1
3
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Regional Overview
Southeast Asia
North Sea
WAF
Algeria
Latin America
USA
Middle East
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent.
Topics to be Covered
* Global Supplies
* Regional Supplies
* Global Delivery Volumes
* US Import / Export History
* US Export Supplies
* US Export Supplies by Coast
* US Exports by Regional Destination
* Propane & Butane Pricing
* US Terminalling Fees
* US Export Expectations
* US LPG Marine Terminal Projects
22
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent. 23
0
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
M
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T
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s
Global Annual LPG Deliveries By Region
2011
2012
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent.
Topics to be Covered
* Global Supplies
* Regional Supplies
* Global Delivery Volumes
* US Import / Export History
* US Export Supplies
* US Export Supplies by Coast
* US Exports by Regional Destination
* Propane & Butane Pricing
* US Terminalling Fees
* US Export Expectations
* US LPG Marine Terminal Projects
24
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent. 25
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent. 26
0
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 YTD
2013
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s
Annual Overwater US LPG Imports
Isobutane
Butane
Propane
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent. 27
0
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 YTD
2013
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T
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s
Annual Overwater US LPG Exports
Isobutane
Butane
Propane
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent. 28
0
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
M
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T
o
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s
Annual Overwater US LPG Exports
US LPG Imports
US LPG Exports
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent. 29
-6,000,000
-4,000,000
-2,000,000
0
2,000,000
4,000,000
6,000,000
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 YTD
2013
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"Net" Waterborne US LPG Imports (Exports) By Product
Isobutane
Butane
Propane
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent.
Topics to be Covered
* Global Supplies
* Regional Supplies
* Global Delivery Volumes
* US Import / Export History
* US Export Supplies
* US Export Supplies by Coast
* US Exports by Regional Destination
* Propane & Butane Pricing
* US Terminalling Fees
* US Export Expectations
* US LPG Marine Terminal Projects
30
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent. 31
0
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
2011 2012
M
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s
Annual US LPG Export Volumes
Isobutane
Butane
Propane
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent.
Topics to be Covered
* Global Supplies
* Regional Supplies
* Global Delivery Volumes
* US Import / Export History
* US Export Supplies
* US Export Supplies by Coast
* US Exports by Regional Destination
* Propane & Butane Pricing
* US Terminalling Fees
* US Export Expectations
* US LPG Marine Terminal Projects
32
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent. 33
143,784
0
83,643
48,165
0 0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
4,500,000
5,000,000
2011 Gulf Coast 2011 East Coast 2011 West Coast
M
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s




2011 Annual US LPG Exports By Coast
IsoButane
Butane
Propane
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent. 34
4,347,762
143,216
231,413
23,699
125,465
157,718
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
4,500,000
5,000,000
2012 Gulf Coast 2012 East Coast 2012 West Coast
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2012 Annual US LPG Exports By Coast
IsoButane
Butane
Propane
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent.
Topics to be Covered
* Global Supplies
* Regional Supplies
* Global Delivery Volumes
* US Import / Export History
* US Export Supplies
* US Export Supplies by Coast
* US Exports by Regional Destination
* Propane & Butane Pricing
* US Terminalling Fees
* US Export Expectations
* US LPG Marine Terminal Projects
35
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent. 36
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
4,500,000
5,000,000
5,500,000
2011 Total 2012 Total
M
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T
o
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s

Annual US LPG Exports By Regional Destination
West Africa
Undetermined
South America
Northwest
Europe
Mexico
Mediterranean
Far East
Central America
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent. 37
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
C
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2011 Annual US LPG Exports By Regional Destination
2011 IsoButane
2011 Butane
2011 Propane
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent. 38
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
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2012 Annual US LPG Exports by Regional Destination
2012 IsoButane
2012 Butane
2012 Propane
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent.
Topics to be Covered
* Global Supplies
* Regional Supplies
* Global Delivery Volumes
* US Import / Export History
* US Export Supplies
* US Export Supplies by Coast
* US Exports by Regional Destination
* Propane & Butane Pricing
* US Terminalling Fees
* US Export Expectations
* US LPG Marine Terminal Projects
39
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent. 40
0
200
400
600
800
1,000
1,200
1,400
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Propane Price Comparison
MB (Plus Term Fees) vs North Sea/Algeria CP/Saudi CP
Avg FOB MB + Term Fee
Saudi CP
Algeria CP
Avg FOB N.Sea
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent. 41
0
200
400
600
800
1,000
1,200
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1
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T
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Butane Price Comparison
MB (Plus Term Fees) vs N.Sea/Algeria CP/Saudi CP
Avg FOB MB + Term Fee
Saudi CP
Algeria CP
FOB North Sea
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent.
Topics to be Covered
* Global Supplies
* Regional Supplies
* Global Delivery Volumes
* US Import / Export History
* US Export Supplies
* US Export Supplies by Coast
* US Exports by Regional Destination
* Propane & Butane Pricing
* US Terminalling Fees
* US Export Expectations
* US LPG Marine Terminal Projects
42
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent. 43
0
10
20
30
40
50
60
70
37622 37803 37987 38169 38353 38534 38718 38899 39083 39264 39448 39630 39814 39995 40179 40360 40544 Jul-11 Jan-12 Jul-12
U
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US Gulf Coast Commercial LPG Terminalling Fees
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent. 44
0.000
1.000
2.000
3.000
4.000
5.000
6.000
7.000
8.000
9.000
10.000
11.000
12.000
13.000
14.000
15.000
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
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5,000,000
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Total LPG Exports Vs Terminalling Fees
Total LPG Exports - Bbls
USGC Terminalling Fee - Cts/Gal
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent.
Topics to be Covered
* Global Supplies
* Regional Supplies
* Global Delivery Volumes
* US Import / Export History
* US Export Supplies
* US Export Supplies by Coast
* US Exports by Regional Destination
* Propane & Butane Pricing
* US Terminalling Fees
* US Export Expectations
* US LPG Marine Terminal Projects
45
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent. 46
0
200,000
400,000
600,000
800,000
1,000,000
M
e
t
r
i
c

T
o
n
s

Monthly US Waterborne LPG Exports
Butane
Propane
Enterpri se Expansi on (Jan '13)
Targa Expansi on (Oct '13)
(Assumed & Incremental ) MarkWest Increases
Targa Expansi on (Assumed Q4 '14)
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent.
Topics to be Covered
* Global Supplies
* Regional Supplies
* Global Delivery Volumes
* US Import / Export History
* US Export Supplies
* US Export Supplies by Coast
* US Exports by Regional Destination
* Propane & Butane Pricing
* US Terminalling Fees
* US Export Expectations
* US LPG Marine Terminal Projects
47
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent.
Terminal Projects
Announced Terminal Projects
* Coastal Caverns (Vitol) Beaumont/Port Arthur, TX
* Williams Beaumont/Port Arthur, TX
* Sunoco (ETP) Nederland, TX
* Phillips 66 Freeport, TX
* Oxy Corpus Christi, TX

Potential Terminal Projects
* Trammo - Newington, NH
* Trammo - Tampa, FL
* BG Lake Charles, LA
* Valero Corpus Christi, TX
* Martin Gas Corpus Christi, TX
* Trafigura Corpus Christi, TX
* TransMontaigne Brownsville, TX
48
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent.
Other Factors To Consider
* Petrochemical Expansions (US & International)
* PDH Plants (US & China)
* Global Supply Variations (Iran, UAE, SE Asia)
* Global Demand Variations (N.Sea, Brazil, India, China)

49
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent.
Conclusions
* US LPG Export Volumes Are Increasing
* Increased Exports J eopardizes Terminalling Fees
* New projects will move more butane
* East Coast Terminal Projects Budding
* West Coast (Canada) Terminal Projects Budding

50
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent. 51
2013, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent.
For more information about this presentation or
IHS in general, please contact
IHS Customer Care
800 447 2273 (IHS CARE)
+44 (0) 1344 328 300
CustomerCare@ihs.com

52

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