Subscriber note: Clarifies freight netback process for met coal FOB Australia

Platts clarifies its procedures for calculating freight netbacks for metallurgical coal assessments on an FOB Australia basis. When deals, bids/offers are observed to be illiquid, inconsistent and non-repeatable, spot price bids/offers or trades in key consumer markets basis CFR China, India, Europe, Japan or South Korea Taiwan may be netted back to FOB Australia. Freight netbacks from China will be calculated using assessed Panamax spot freight rates for dry bulk carriers on the day of assessment, while from other regions, the prevailing vessel size on the given route will be used.