2012 freight netbacks for Asia/AG assessments

Effective January 3, 2012, the Worldscale flat basis rate used to calculate C+F Japan, FOB Arab Gulf and C+F Australia unleaded gasoline assessments will be $13.77/mt, $15.25/mt, and $21.39/mt respectively.

The basis rate used to calculate FOB Singapore naphtha will be $13.77/mt.

The basis rate used to calculate the FOB Arab Gulf netback will be $29.71/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 $15.50/mt, and for C+F Australia gasoil and jet $21.39/mt.

The basis rate used to calculate the netback FOB Arab Gulf 180 CST and 380 CST fuel oil assessments will be $15.90/mt, and for CFR Japan 180 CST fuel oil $15.29/mt.

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 2012 flat rates.

Routes used in all calculations are unchanged from 2011.

Platts has noted a statement from the port authority of Jebel Ali indicating that its port charge could change in 2012.

If the port charge changes, Platts will promptly issue guidance on what impact this would have on netback calculations.

Currently, Jebel Ali port charges impact only the calculations for FOB AG gasoline netbacks. All other product netbacks would not be affected by a change to the Jebel Ali port charge.

Please send comments and questions to asia_products@platts.com and pricegroup@platts.com.