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v3.19.1

Commitments (Tables) | 12 Months Ended
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Dec. 31, 2018
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Contracts | Such agreements establish a minimum cargo movement of products, as shown below:
Port |  | Minimum movement in tons per year |  | Maturity
Aratu |  | 397,000 |  | 2031
Aratu |  | 900,000 |  | 2022
Suape |  | 250,000 |  | 2027
Suape |  | 400,000 |  | 2029
Insurance coverage | The maximum compensation values based on the risk analysis of certain locations are shown below:
|  | Maximum compensation value (*) |  |  |
Oxiteno |  | US$ | 1,142 |  |  | (equivalent to R$ 4,425 as of 12/31/2018) (*)
Ipiranga |  | R$ | 1,032 |  |  |
Ultracargo |  | R$ | 949 |  |  |
Ultragaz |  | R$ | 266 |  |  |
Extrafarma |  | R$ | 160 |  |  |
(*) | In millions. In accordance with policy conditions.
Operating lease contracts | The future disbursements (installments), assumed under these contracts, amount approximately to:
|  | Up to 1 year |  |  | Between 1 and 5 years |  |  | More than 5 years |  |  | Total |
12/31/2018 |  |  | 30,941 |  |  |  | 55,545 |  |  |  | — |  |  |  | 86,486 |
|  |  |  | Up to 1 year |  |  | Between 1 and 5 years |  |  | More than 5 years |  |  | Total |
12/31/2018 |  | payable |  |  | 220,988 |  |  |  | 686,108 |  |  |  | 547,412 |  |  |  | 1,454,508 |
|  | receivable |  |  | (84,332 | ) |  |  | (240,756 | ) |  |  | (253,997 | ) |  |  | (579,085 | )

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- Definition Summary of contracts. + References No definition available. + Details
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- Definition Summary of insurance coverage in subsidiaries. + References No definition available. + Details
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- Definition Summary of operating lease contracts. + References No definition available. + Details
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