SUBSCRIBER NOTE: Platts to amend port baskets for LSFO Med netback calculations

In line with changes in the most commonly-seen low sulfur fuel oil trade routes, S&P Global Platts will amend the basket of ports used to calculate the netback formulas for CIF and FOB Med 1% fuel oil cargoes.

Platts will use the flat rate for Antwerp-Agioi Theodoroi to calculate CIF Med 1% fuel oil cargoes from 1% FOB NWE cargoes, after a drop in liquidity was observed on the Antwerp-Milazzo route.

Platts will also change the basket of routes used to calculate FOB Med LSFO cargoes as a freight netback from CIF Med LSFO cargoes to the following:

Ashdod-Agioi Theodoroi Lavera-Aspropyrgos Leixoes-Aliaga Fos-Milazzo Tarragona-Malta

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