Platts amends Worldscale rates for assessments including port of LOOP Terminal effective Aug 3, 2020

Following Worldscale Association circular number 23 for 2020, S&P Global Platts will amend the Worldscale flat rate baskets used for $/mt calculations in 14 dirty tanker assessments, effective August 3, 2020.

According to the Worldscale circular 23: "In light of recent information regarding a significant increase to the Terminal Fee at LOOP Terminal the Associations find it necessary to revise all rates involving loading or discharging at this port."

With this amendment, the new flat rate for voyages involving LOOP Terminal can be obtained by adding USD 17 cents/mt.

The following rates in the Dirty Tankerwire will see a change as a result of the amendment:

Assessment name Code

PG-USGC 280kt TDAAN04u

PG-USGC 140kt TDAAM04u

Carib-USGC 150kt TDAAZ04u

Carib-USGC 70kt TDABB04u

Carib-USGC 50kt TDABA04u

Med-USGC 260kt TDABT04u

Med-USGC 135kt TDABS04u

Med-USGC 80kt TDABU04u

UKC-USGC 270kt TDACI04u

UKC-USGC 135kt TDACH04u

UKC-USGC 80kt TDACJ04u

Black Sea-USG 135kt TDADR04u

W Afr-USGC 260kt TDACW04u

W Afr-USGC 130kt TDACV04u

No Clean Tanker rates will be affected.

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