SUBSCRIBER NOTE: Platts to launch a new Brazil/Uruguay loading VLCC assessment

S&P Global Platts will launch a new dirty tanker assessment reflecting the Brazil/Uruguay to China route in response to changing trade flows, effective July 2, 2018.

The new tanker assessment was first proposed in a subscriber note published April 27, 2018 (https://www.platts.com/subscriber-notes-details/10388624).

The new assessment will reflect the rising volume of crude exports from Brazil to China, where they make up an ever-increasing share of total imports.

The new assessment will be published on a Worldscale basis and will be expressed as Worldscale points. Platts will also publish the equivalent US dollar per metric ton value for this assessment.

The following new assessments will be published: WORLDSCALE BRAZIL/URUGUAY TO CHINA VLCC: The assessment will reflect the Brazil/Uruguay to China route for a Very Large Crude Carrier carrying a cargo of 260,000 mt. The assessment will reflect loadings from Brazil for Angra dos Reis and discharge at Dalian, Rizhao and Ningbo in China. Additionally, loadings from Uruguay off Delta Zone and discharge at Rizhao, Qingdao and Ningbo in China will be reflected in the assessment.

Symbols will be as follows: Dirty Brazil/Uruguay-China VLCC 260kt $/mt: TDAUL00 Dirty Brazil/Uruguay-China VLCC 260kt $/mt MAvg: TDAUL03 Dirty Brazil/Uruguay-China VLCC 260kt Wsc: TDAUK00 Dirty Brazil/Uruguay-China VLCC 260kt Wsc MAvg: TDAUK03

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