SUBSCRIBER NOTE: Platts to launch new US Gulf Coast loading dirty tanker assessments

S&P Global Platts confirms it will launch four new dirty tanker assessments from the US Gulf Coast to Asia Pacific and Europe, effective March 1, 2018.

The four new tanker assessments were first proposed in a subscriber note published December 12, 2017 (https://platts.com/subscriber-notes-details/21804308).

The new assessments will reflect the increasing volume of crude exports from the US Gulf Coast to international markets since the lifting of the US crude export ban in December 2015.

For destinations in the Asia Pacific region, the new assessments will be published on a lump-sum basis and will be expressed as US Dollars per voyage.

For voyages to Northwest Europe and the Mediterranean, the new assessments will be published on a Worldscale basis and will be expressed as Worldscale points.

Both will reflect how these routes are traded.

S&P Global Platts will also publish the equivalent US Dollar per metric ton value for these assessments.

The following new assessments will be published:

WORLDSCALE US GULF COAST TO UK CONTINENT AFRAMAX: This assessment will reflect the US Gulf Coast to UK Continent route for a dirty Aframax tanker carrying a cargo of 70,000 mt. The assessment will reflect loadings from the US Gulf Coast, including Corpus Christi, Houston, and Port Arthur (Nederland), and discharge at Rotterdam, the Netherlands and Fawley, the UK.

WORLDSCALE US GULF COAST TO MEDITERRANEAN AFRAMAX: This assessment will reflect the US Gulf Coast to the Mediterranean route for a dirty Aframax tanker carrying a cargo of 70,000 mt. The assessment will reflect loadings from the US Gulf Coast, including Corpus Christi, Houston, and Port Arthur (Nederland), and discharge at Cartagena, Spain, Fos/Lavera, France, and Savona, Italy.

LUMP SUM US GULF COAST TO CHINA VLCC: This assessment will reflect the US Gulf Coast to China route for a VLCC carrying a cargo of 270,000 mt. The assessment will reflect loadings from the US Gulf Coast, including the Galveston Offshore Lightering Area (GOLA) and the Louisiana Offshore Oil Port (LOOP), and discharge at China's northern coastal ports, including Qingdao and Dongjiaku.

LUMP SUM US GULF COAST TO SINGAPORE VLCC: This assessment will reflect the US Gulf Coast to Singapore route for a VLCC carrying a cargo of 270,000 mt. The assessment will reflect loadings from the US Gulf Coast, including GOLA and LOOP, and discharge at Singapore.

Symbols will be as follows:

Dirty USGC-Mediterranean Aframax 70kt Wsc: TDUWS00 Dirty USGC-Mediterranean Aframax 70kt Wsc MAvg: TDUWS03 Dirty USGC-Mediterranean Aframax 70kt $/mt: TDUCC00 Dirty USGC-Mediterranean Aframax 70kt $/mt MAvg: TDUCC03 Dirty USGC-Mediterranean Aframax 70kt cargo size TDUCCSZ

Dirty USGC-China VLCC 270kt Lump sum: TDUCB00 Dirty USGC-China Lump sum MAvg: TDUCB03 Dirty USGC-China VLCC 270kt $/mt: TDUCA00 Dirty USGC-China VLCC 270kt $/mt MAvg: TDUCA03 Dirty USGC-China 270kt cargo size: TDUCASZ

Dirty USGC-Singapore VLCC 270kt Lump sum: TDUCE00 Dirty USGC-Singapore VLCC 270kt Lump sum MAvg: TDUCE03 Dirty USGC-Singapore VLCC 270kt $/mt: TDUCD00 Dirty USGC-Singapore VLCC 270kt $/mt MAvg: TDUCD03 Dirty USGC-Singapore VLCC 270kt cargo size: TDUCDSZ

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