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Short-term borrowings and debt (Tables) | 12 Months Ended
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Dec. 31, 2013
Debt Disclosure [Abstract] |
Schedule of Short-term Debt [Table Text Block] | The breakdown of short-term borrowings and debt, together with contractual interest rates, is as follows:
|  |  | December 31, |
(In thousands of US$) |  |  | 2013 |  |  | 2012 |
Borrowings: |  |  |  |  |  |  |
At fixed interest rates |  |  | 1,289,851 |  |  | 1,181,133 |
At floating interest rates |  |  | 1,017,527 |  |  | 267,890 |
Total borrowings |  |  | 2,307,378 |  |  | 1,449,023 |
Debt: |  |  |  |  |  |  |
At fixed interest rates |  |  | 287,987 |  |  | - |
At floating interest rates |  |  | 110,000 |  |  | - |
Total debt |  |  | 397,987 |  |  | - |
Total short-term borrowings and debt |  |  | 2,705,365 |  |  | 1,449,023 |
Average outstanding balance during the year |  |  | 2,048,110 |  |  | 967,629 |
Maximum balance at any month-end |  |  | 2,705,365 |  |  | 1,449,023 |
Range of fixed interest rates on borrowings and debt in U.S. dollars |  |  | 0.67% to 1.43 | % |  | 0.75% to 1.92 | %
Range of floating interest rates on borrowings and debt in U.S. dollars |  |  | 0.79% to 1.47 | % |  | 1.06% to 1.99 | %
Fixed interest rate on borrowings in Euros |  |  | - |  |  | 0.70 | %
Fixed interest rate on borrowings in Mexican pesos |  |  | 4.13% to 4.58 | % |  | - |
Floating interest rate on borrowings in Mexican pesos |  |  | 4.03% to 4.24 | % |  | 5.14% to 5.25 | %
Fixed interest rate on debt in Japanese yens |  |  | 0.75 | % |  | - |
Fixed interest rate on debt in Swiss francs |  |  | 0.80 | % |  | - |
Weighted average interest rate at end of the year |  |  | 1.09 | % |  | 1.48 | %
Weighted average interest rate during the year |  |  | 1.21 | % |  | 1.79 | %
The balances of short-term borrowings and debt by currency, is as follows:
|  | December 31, |
(In thousands of US$) |  | 2013 |  | 2012 |
Currency |  |  |  |  |
U.S. dollar |  | 2,536,815 |  | 1,365,500 |
Euro |  | - |  | 39,633 |
Mexican peso |  | 73,964 |  | 43,890 |
Japanese yen |  | 4,749 |  | - |
Swiss franc |  | 89,837 |  | - |
Total |  | 2,705,365 |  | 1,449,023 |

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- Definition Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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