Year

Spot Rate, $/day

Index

Depreciation % on $700m

Year

Spot Rate $/d

Index

Depreciation % on $700m

1976

4964

100

0 0

1992

8243

166

3 21

1977

3814

77

0 0

1993

9702

195

3 21

1978

4759

96

0 0

1994

9607

193

3 21

1979

9888

199

4 28

1995

13,934

281

4 28

1980

12,534

252

5 35

1996

7881

159

3 21

1981

11,540

232

5 35

1997

8307

167

3 21

1982

5121

103

3 21

1998

5663

114

2 14

1983

5129

103

3 21

1999

6370

128

2 14

1984

6493

131

3 21

2000

10,800

218

4 28

1985

5803

117

3 21

2001

8826

178

3 21

1986

4389

88

0 0

2002

6308

127

2 14

1987

6727

135

3 21

2003

17,451

351

5 35

1988

12,463

251

4 28

2004

31,681

638

6 42

1989

13,175

265

4 28

2005

22,931

462

6 42

1990

10,997

221

4 28

2006

21,427

432

6 42

1991

12,161

245

4 28

-

-

-

-

Total

-

-

- $315m

-

-

Total

overall

$385m = $700m