SUBSCRIBER NOTE: Platts changes clean 22kt UKC-UKC tanker assessment methodology

London (Platts)--2Jul2018/648 am EDT/1048 GMT S&P Global Platts has changed the methodology of its 22,000 mt UK Continent to UK Continent clean tanker assessment, effective July 2, 2018.

Platts has changed the calculation method for this assessment by pro-rating the Worldscale multiplier values of the new 30,000 mt UKC-UKC Handysize route for 22,000 mt stems. The decision to launch this new Handysize route was published in a subscriber note on May 15, 2018 (www.platts.com/subscriber- notes-details/10422292)

This change follows extensive market feedback and research, which indicated a lack of spot liquidity in the Flexisize tanker segment.

For example, if the Worldscale value for the 30,000 mt UKC-UKC route was assessed at w140, the calculation for the 22,000 mt UKC-UKC route following the methodology change will be as follows: 140/22,000*30,000 = w191.

The 22 kt assessment for cargoes moved on the UKC to UKC route on Flexisize clean tankers is published on the Platts Global Alert page MH1910 under the code PFALY00 and on the Clean Tankerwire.

Also, Platts has amended the Worldscale flat rates basket, which is used for calculating the dollar per metric ton assessment on this route, which is published under the code TCABV00. The basket will be aligned to the 30,000 mt UKC-UKC Handysize assessment and will reflect loadings from Rotterdam, Western Sweden and the Loire river, and discharge at ports including Antwerp, Immingham and Thames.

Please send any feedback or questions to tankers@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.