Subscriber note: Freight netback for Urals ex-Baltic in 2016

Effective January 4, 2016, the Worldscale basket flat rate used to calculate the freight netback to the Urals CIF Rotterdam assessment for Urals ex-Baltic will be $7.80 per metric tonne. The basket of Baltic ports covers routes from Primorsk, Ust-Luga and Gdansk. The flat rate will be adjusted using the worldscale rate published in the Platts Dirty Tankerwire for a 100kt Aframax Baltic to UKC route. The conversion factor applied will be 7.23. Rotterdam harbor dues will be $0.12/barrel. For methodology details, please contact europe_crude@platts.com with a cc to pricegroup@platts.com