Subscriber note: Platts confirms change to Urals netbacks freight rates

Following industry feedback, Platts will amend the flat freight rates used to calculate netbacks for Urals FOB Primorsk and for Urals ex-Baltic with effect from January 2, 2013. Currently, Platts calculates those netbacks from its Urals CIF Rotterdam assessment, by applying flat rates for shipping through the Strait of Sound ballast and Great Belt laden. Effective January 2, 2013, Platts will apply flat rates for the route via Great Belt, for both ballast and laden. These changes were proposed by Platts in a subscriber note published May 31, 2012. Please send any further questions or comments to europe_crude@platts.com and pricegroup@platts.com.