Freight netback for (Azeri Light) BTC FOB Ceyhan in 2012

Effective January 3, 2012, the Worldscale flat rate used to calculate the freight netback to the Azeri Light CIF Augusta assessment for Azeri Light BTC FOB Ceyhan will be $8.07/mt.

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

The conversion factor applied will be 7.38.

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