SUBSCRIBER NOTE: Platts ups freight flat rates for clean, dirty tanker routes

Following an increase in Port Tariffs at Vadinar, the flat rates involving this port have been revised by the Worldscale Association and will be reflected by Platts from September 1, 2016.

According to Worldscale circular nos. 21/2016, 22/2016 and 23/2016 respectively, the amendments are effective for all voyages on which loading or discharge is commenced on or after August 11, 2016.

The Worldscale Association announced that "as a result of a significant increase in Port Tariffs" at Essar Terminal (Vadinar), Essar SBM (Vadinar)and Vadinar Terminal, "it was necessary to revise all rates involving loading or discharging" at Vadinar by adding $0.31, $0.22 and $0.22 respectively.

This will affect the $/mt rates of the East of Suez clean and dirty tanker assessments namely clean West Coast India-South Africa 35,000 mt and dirty Persian Gulf-West Coast India 265,000 mt.

The rates appear in the Platts database under the corresponding codes TCAIU00 and TDAFH00 respectively.

These assessments appear in Platts Clean, Dirty Tankerwires and in Platts Global Alert pages 2920 and 2980 respectively.

The updated flat rates for the following assessments are: Clean 35,000 mt West Coast India-South Africa: $14.11/mt Dirty 265,000 mt Persian Gulf-West Coast India: $5.55/mt

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