SUBSCRIBER NOTE: Freight netback for Urals FOB Novorossiisk in 2019

Effective January 2, 2019, the Worldscale flat rate used to calculate the freight netback to the Urals CIF Augusta assessment for Urals FOB Novorossiisk Suezmax and Urals FOB Novorossiisk Aframax will be $8.00 per metric tonne. The flat rate will be adjusted using the Worldscale rate published in the Platts Dirty Tankerwire for a 135,000 mt Suezmax and an 80,000 mt Aframax Black Sea to Med route respectively. Estimated net demurrage at the Turkish Straits will be considered. The conversion factor applied will be 7.23.

Please send any comments or questions to europe_crude@spglobal.com and pricegroup@spglobal.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 comments not marked as confidential available upon request.