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Commitments (Tables)
12 Months Ended
Dec. 31, 2018
Text block [abstract]  
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