26 Feb 2018 | 10:55 UTC — Singapore

SUBSCRIBER NOTE: Platts proposes to amend freight rates in CFR Australia assessments

S&P Global Platts proposes amend the Singapore-Australia clean Medium Range tanker freight rates used in the calculation of its CFR Australia assessments for gasoline, gasoil and jet fuel effective January 2, 2019.

Platts proposes to use its soon-to-be-launched Singapore-Australia 35kt clean MR freight assessments to calculate the CFR Australia prices. Platts currently uses Singapore-Australia 30kt clean MR freight in its CFR Australia assessments.

On February 11, Platts proposed to launch a new Singapore-Australia 35kt clean MR tanker assessments from April 2, 2018, following changes in the market towards larger cargo sizes. Platts also proposed discontinuing the existing Singapore-Australia 30kt assessment from January 2, 2019. https://www.platts.com/subscriber-notes-details/27914211 Platts now proposes to transition the following CFR Australia assessments to the 35kt clean tanker freight from the current 30kt assessment starting January 2, 2019:

Australia gasoline assessments: Australian 92 RON and 95 RON unleaded gasoline are assessed on a C+F Melbourne/Sydney basis as a netforward from FOB Singapore 92 RON and 95 RON unleaded assessments using the Singapore-Australia Clean Medium Range tanker freight assessments.

Australia jet fuel: Australian jet fuel is assessed on a C+F Sydney/Melbourne basis as a netforward from FOB Singapore jet fuel using the Singapore-Australia Clean Medium Range tanker freight assessments.

Australia gasoil: Australian 10 ppm gasoil is assessed on a C+F Sydney/Melbourne basis as a net forward using the Singapore-Australia Clean Medium Range tanker freight assessments.

Please send all feedback and comments by March 31, 2018 to asia_products@spglobal.com and pricegroup@spglobal.com.

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.