Subscriber note: Freight netback for Azeri Light FOB Ceyhan in 2015

Effective January 2, 2015, the Worldscale flat rate used to calculate the freight netback to the Azeri Light CIF Augusta assessment for Azeri Light 135 kt FOB Ceyhan, Azeri Light 80 kt FOB Ceyhan, and Azeri Light BTC FOB Ceyhan will be $8.20/mt.

The flat rate for Azeri Light 135 kt FOB Ceyhan and Azeri Light 80 kt FOB Ceyhan will be adjusted using the Worldscale rates published in the Platts Dirty Tankerwire for a 135 kt Suezmax and an 80 kt Aframax Ceyhan to Augusta route, respectively.

The flat rate for Azeri Light BTC FOB Ceyhan will be adjusted using the average of the Worldscale rates published in the Platts Dirty Tankerwire for a 135 kt Suezmax and an 80kt Aframax Med to Med route.

The conversion factor applied will be 7.45.

For methodology details, please contact europe_crude@platts.com with a cc to pricegroup@platts.com