SUBSCRIBER NOTE: Freight netback for Urals ex-Baltic in 2015

Effective January 2, 2015, the Worldscale basket flat rate used to calculate the freight netback to the Urals CIF Rotterdam assessment for Urals ex-Baltic will be $8.77/mt.

The basket of Baltic ports covers routes from Butinge, Ventspils and Tallin. The flat rate will be adjusted using the worldscale rate published in the Platts Dirty Tankerwire for a 100,000 mt Aframax Baltic to UKC route.

The conversion factor applied will be 7.23.

Rotterdam harbor dues will be $0.15/barrel.

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