SUBSCRIBER NOTE: Platts to amend Worldscale flat rate baskets for several dirty tanker assessments

Following the Worldscale Association circular number 8 for year 2016, Platts amends Worldscale flat rates baskets that are used for $/mt calculations in a number of dirty tanker assessments, effective April 1, 2016.

According to the Worldscale circular, flat rates that involve the port of Sullom Voe were changed "as a result of a significant increase in Port Tariffs". With these amendments the new flat rates involving Sullom Voe are obtained by adding $1.93 to all rates involving this port.

In its tanker assessments Platts uses averages of the corresponding baskets of Worldscale flat rates as a basis of $/mt calculations for every route. Therefore, changes in Worldscale flat rates will affect Platts assessments as follows.

270,000 mt UK Continent Mediterranean: new basket value is 13.58 135,000 mt UK Continent Mediterranean: new basket value is 13.58 80,000 mt UK Continent Mediterranean: new basket value is 13.58 135,000 mt UK Continent East Coast Canada: new basket value is 11.93 80,000 mt UK Continent East Coast Canada: new basket values is 11.93 135,000 mt UK Continent UK Continent: new basket value is 7.65 80,000 mt UK Continent UK Continent: new basket value is 7.65 135,000 mt UK Continent US Atlantic Coast: new basket value is 15.14 80,000 mt UK Continent US Atlantic Coast: new basket value is 15.14 135,000 mt UK Continent US Gulf Coast: new basket value is 19.5 80,000 mt UK Continent US Gulf Coast: new basket value is 19.5 135,000 mt UK Continent Caribbean: new basket value is 16.18