Platts updates FOB Black Sea VGO netback flat rates to reflect Turkish Straits transit fees Aug 1

Platts, part of S&P Global Commodity Insights, has updated the FOB Black Sea LSVGO and HSVGO netback assessments to reflect an increase in transit fees through the Turkish Straits, as detailed in Worldscale Circular No. 57 (2023).

Effective Aug. 1, an additional 12 cents/mt will be added to the flat rate used to calculate FOB Black Sea VGO cargoes as a freight netback from CIF Mediterranean cargoes. The new flat rate will be $9.63/mt.

As per the Worldscale Circular, all routes transiting the Turkish Straits will increase by 12 cents/mt.

Symbols affected: ABBAD00, ABBAD03, ABBAC00, ABBAC03.

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