Subscriber note: 2013 freight netbacks for Asia/AG assessments

Effective January 2, 2013, the Worldscale flat basis rate used to calculate C+F Japan, FOB Arab Gulf and C+F Australia unleaded gasoline assessments will be $14.96/mt, $16.77/mt, and $23.29/mt respectively. The basis rate used to calculate FOB Singapore naphtha will be $14.96/mt. The basis rate used to calculate the FOB Arab Gulf naphtha netback will be $32.29/mt for Long Range 1 and Long Range 2 vessels. The basis rate used to calculate FOB Arab Gulf gasoil and kerosene assessments will be $16.93/mt, and for C+F Australia gasoil and jet $23.29/mt. The basis rate used to calculate the netback FOB Arab Gulf 180 CST and 380 CST fuel oil assessments will be $17.37/mt, and for CFR Japan 180 CST fuel oil $16.42/mt. Platts confirmed in July 2012 that it would remove a 5 cents/barrel additional port charge element from its formula for calculating netback values for gasoil and jet to Middle East loading ports. Otherwise, routes used in all calculations are unchanged from 2012. The actual freight applied to derive the netback or C+F assessments fluctuates daily based on changes in Platts' Dirty Tanker Wire and Clean Tanker Wire, applied against the respective 2013 flat rates. Please send comments and questions to asia_products@platts.com and pricegroup@platts.com.