Platts proposes to amend West Africa to India lumpsum dirty tanker assessments to basis Bonny, Dalia, dual loading

S&P Global Platts proposes to amend its dirty tanker assessments for West Africa-East Coast India 260,000 mt (TDWEI00) and West Africa-West Coast India 260,000 mt (TDWAX00) to reflect a basis of dual loadings at Bonny, Nigeria, and Dalia, Angola, effective April 1, 2021.

Following industry consultation, Platts understands that both the West Africa-to-West Coast India and West Africa-to-East Coast India fixtures vary widely according to loading ports, with ports in Nigeria and Cameroon charging a premium compared with Angola.

Given that VLCCs have dual-loadings and hence reflect port costs from two loading locations, Platts proposes to reflect port costs of Bonny and Dalia for the lumpsum assessments to India in order to reflect the variability of port costs in the region.

Fixtures involving other load ports may be considered, but may be normalized back to the above dual port basis for assessment purposes.

The impacted assessments and codes are the following:

Assessment Wsc Code $/mt Code Wsc Mavg Code $/mt Mavg Code

Dirty West Africa-East Coast India 260kt TDWEI00 TDWAI00 TDWEI03 TDWAI03

Dirty West Africa-West Coast India 260kt TDWAX00 TDWAW00 TDWAX03 TDWAW03

All changes will be effective from April 1, 2021. For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request. Please send any feedback, comments or questions to shipping and pricegroup by Mar. 3, 2021.