Platts to amend freight rates for Urals netbacks

Platts proposes to revise the flat freight rates used to calculate netbacks for Urals FOB Primorsk and for Urals ex-Baltic with effect from January 2, 2013.

Currently, Platts calculates those netbacks from its Urals CIF Rotterdam assessment, by applying flat rates for shipping through the Strait of Sound ballast and Great Belt laden.

Under its proposed change, Platts would apply flat rates for the route via Great Belt, for both ballast and laden.

Please send feedback and comments by August 21, 2012 to europe_crude@platts.com and pricegroup@platts.com.