Platts amends freight netback rate for 2021 AG-Singapore clean product routes

Following a Worldscale Association flat rate update for the port of Bahrain, S&P Global Platts has amended the freight netback rate used to calculate its FOB Arab Gulf assessments for gasoil and jet/kerosene from Nov. 1, 2021.

According to Worldscale circular no. 29/2021, the change was effective for all voyages on which loading or discharging is commenced on or after Oct. 4, 2021. Please refer to the Worldscale website for more information on the update.

As a result of this update, the new 2021 freight netback rate used to calculate the Platts FOB Arab Gulf gasoil and jet/kerosene assessments has been changed to $12.35/mt from Nov. 1, from $12.30/mt previously.

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