SUBSCRIBER NOTE: Platts to end some Med, UKC VLCC dirty tanker assessments

Platts proposes to discontinue a series of assessments for dirty tanker spot market rates in markets where the movement of crude and fuel oil has changed substantially or no longer occurs. These assessments, which reflect VLCC routes from the Mediterranean and UK Continent to various destinations, would be discontinued with effect from April 15, 2015. These proposed discontinuations reflect the fact that oil flows have changed significantly in the market at large, and these routes no longer reflect most typical trading patterns. A full table showing affected assessments is provided below. Platts requests comments and questions on this proposal by November 14, 2014. Please send any comments, questions and feedback to Platts editors at tankers@platts.com with a cc to pricegroup@platts.com. For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make written comments not marked as confidential available upon request.

PROPOSED DISCONTINUATIONS FROM MED ORIGIN POINTS CODE ASSESSMENT PFAOK00 Dirty Mediterranean-USAC VLCC Worldscale (260kt) Daily PFAPL03 Dirty Mediterranean-USAC VLCC Worldscale (260kt) MAVG TDABQ00 Dirty Mediterranean-USAC VLCC $/mt (260kt) Daily TDABQ03 Dirty Mediterranean-USAC VLCC $/mt (260kt) MAVG PFAOKSZ Dirty Mediterranean-USAC VLCC cargo size PFAOL00 Dirty Mediterranean-Mediterranean VLCC Worldscale (260kt) Daily PFAPM03 Dirty Mediterranean-Mediterranean VLCC Worldscale (260kt) MAVG TDABK00 Dirty Mediterranean-Mediterranean VLCC $/mt (260kt) Daily TDABK03 Dirty Mediterranean-Mediterranean VLCC $/mt (260kt) MAVG PFAOLSZ Dirty Mediterranean-Mediterranean VLCC cargo size PFAOJ00 Dirty Mediterranean-US Gulf Coast VLCC Worldscale (260kt) Daily PFAPK03 Dirty Mediterranean-US Gulf Coast VLCC Worldscale (260kt) MAVG TDABT00 Dirty Mediterranean-US Gulf Coast VLCC $/mt (260kt) Daily TDABT03 Dirty Mediterranean-US Gulf Coast VLCC $/mt (260kt) MAVG PFAOJSZ Dirty Mediterranean-US Gulf Coast VLCC cargo size PFAOX00 Dirty Mediterranean-East Coast Canada VLCC Worldscale (260kt) Daily PFAPN03 Dirty Mediterranean-East Coast Canada VLCC Worldscale (260kt) MAVG TDABH00 Dirty Mediterranean-East Coast Canada VLCC $/mt (260kt) Daily TDABH03 Dirty Mediterranean-East Coast Canada VLCC $/mt (260kt) MAVG PFAOXSZ Dirty Mediterranean-East Coast Canada VLCC cargo size

PROPOSED DISCONTINUATIONS FROM UKC ORIGIN POINTS CODE ASSESSMENT PFAOU00 Dirty UK Continent-US Atlantic Coast VLCC Worldscale (270kt) Daily PFAPP03 Dirty UK Continent-US Atlantic Coast VLCC Worldscale (270kt) MAVG TDACF00 Dirty UK Continent-US Atlantic Coast VLCC $/mt (270kt) Daily TDACF03 Dirty UK Continent-US Atlantic Coast VLCC $/mt (270kt) MAVG PFAOUSZ Dirty UK Continent-US Atlantic Coast VLCC cargo size PFAOV00 Dirty UK Continent-US Gulf Coast VLCC Worldscale (270kt) Daily PFAPQ03 Dirty UK Continent-US Gulf Coast VLCC Worldscale (270kt) MAVG TDACI00 Dirty UK Continent-US Gulf Coast VLCC $/mt (270kt) Daily TDACI03 Dirty UK Continent-US Gulf Coast VLCC $/mt (270kt) MAVG PFAOVSZ Dirty UK Continent-US Gulf Coast VLCC cargo size PFAOT00 Dirty UK Continent-East Coast Canada VLCC Worldscale (270kt) Daily PFAPO03 Dirty UK Continent-East Coast Canada VLCC Worldscale (270kt) MAVG TDABX00 Dirty UK Continent-East Coast Canada VLCC $/mt (270kt) Daily TDABX03 Dirty UK Continent-East Coast Canada VLCC $/mt (270kt) MAVG PFAOTSZ Dirty UK Continent-East Coast Canada VLCC cargo size