PTT GLOBAL CHEMICAL PUBLIC COMPANY LIMITED AND SUBSIDIARIES FOR THE YEAR ENDED DECEMBER 31, 2021 NOTES TO THE FINANCIAL STATEMENTS - 86 - The Company has an uncommitted and unsecured short-term Inter-Company Borrowing & Lending agreement (ICBL) for the period of 1 year with a parent company with the borrowing credit facility of Baht 10,000 million and lending credit facility of Baht 4,000 million. The agreement was expired on December 19, 2021 and has been extended for an additional period until December 19, 2022. This facility bears interest based on market rate referenced to BIBOR or LIBOR plus interest rate spread by taking into account the return on short-term investment, short-term interest rate and the credit ratings of the Company or the borrowing company. Service Agreements The Company has Shared Service agreements with 27 related parties for the provision of general services. All of these agreements are effective from the date as specified in the agreements and the service charges will be agreed in the fourth quarter of each year. The Company has Management and Engineering agreement, Design, Supply, Construction and Installation agreement, Inspection of Construction, Equipment and Machinery agreement and Management and Maintenance Work agreement with a related party. These agreements are for the periods from 1 year 6 months to 5 years, commencing from the date as specified in the agreements and expiring in June 2023. The Company has a Security Service agreement with a related party. Under which the related party agrees to provide security service to asset, employees and visitors in the location of the Company. The agreement is for the period of 2 years and will expire in December 2022. The Company has a Safety Inspection Service agreement and an Emergency Control Center agreement with a related party. These agreements are for the period from 2 years to 3 years and will expire in December 2023 with service rate as stipulated in the agreements. The Company has Warehouse Management agreements with a related party. The agreements are for the periods from 1 year to 21 years 3 months and expiring in December 2030. The Company has a Logistics Services agreement with a related party. The agreement is for the period of 2 years 9 months and will expire in December 2023. The Company has entered into Information and Communication Technology Service agreements with a related party. Under which the related party agrees to provide Information Technology system maintenance and support services, system structure and data centre management, system supporting and advisory, including system design and development as the Company’s requirements. These agreements are for the periods from 1 year to 15 years, commencing from the date as specified in each agreement and expiring in December 2027. The Company has a Technical Services agreement with a related party. Under which the Company agreed to obtain certain technical advisory services. The agreement is for the period of 3 years and will expire in December 2022. Rental Agreements The Company has various Land Lease agreements with related parties. These agreements are for the periods from 14 years to 30 years, commencing from the date as specified in the agreements, and expiring from February 2029 to June 2040 with land lease rate and condition as specified in the agreements. A subsidiary has Land Lease and Office Rental agreements with 6 related parties. These agreements are for the periods from 3 years to 30 years, commencing from the date as specified in the agreements, and expiring from August 2023 to July 2043. The renewal of the contract will be subject to negotiation with the counter party. 318 PTT GLOBAL CHEMICAL PUBLIC COMPANY LIMITED Form 56-1 One Report 2021
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