Subscriber note: Platts clarifies date ranges in tanker assessments

Platts wishes to clarify the typical vessel fixing date ranges reflected in its global clean and dirty tanker assessments. In the East of Suez markets, Platts assessments for MR-sized vessels reflect ships fixed for loading 10-15 days forward from the date of assessment. Assessments for Aframax, Suezmax and LR-sized vessels reflect ships fixed for loading 7-15 days forward from the date of assessment. VLCC routes assessed out of the East of Suez markets reflect ships fixed for loading 10-25 forward. In the West of Suez markets, Platts assessments for MR-sized vessels fixed for European voyages reflect ships fixed for loading 7-15 days forward from the date of assessment. All other MR, LR, Aframax, Panamax or Suezmax vessels fixed for European voyages reflect ships fixed for loading 7-25 days forward from the date of assessment. Assessments for the value of VLCCs on all routes into and out of Europe and West Africa reflect ships fixed for loading 7-45 days forward from the date of assessment. Platts reflects fixtures that fall within these date ranges in its assessments. Platts also considers fixtures reported for dates outside of these typical ranges, and will normalize the value of fixtures to reflect assessed loading dates as needed. A table of assessment fixture periods follows below. Please send any comments and queries to tankers@platts.com and pricegroup@platts.com.

Vessel class Typical size (dwt) Date range reflected in assessment East of Suez MR 25,000-55,000 10-15 days forward LR 1 55,000-80,000 7-15 days forward LR2 80,000-120,000 7-15 days forward Aframax 80,000-120,000 7-15 days forward Suezmax 120,000-200,000 7-15 days forward VLCC 160,000-320,000 10-25 days forward

West of Suez MR* 25,000-55,000 7-15 days forward MR** 25,000-55,000 7-25 days forward LR 55,000-80,000 7-25 days forward Panamax 50,000-80,000 7-25 days forward Aframax 80,000-120,000 7-25 days forward Suezmax 120,000-200,000 7-25 days forward VLCC 160,000-320,000 7-45 days forward *For a European voyage *For voyages from Europe to anywhere else in the world