Freight netback for Urals ex-Baltic in 2012

Effective January 3, 2012, the Worldscale basket flat rate used to calculate the freight netback to the Urals CIF Rotterdam assessment for Urals ex-Baltic will be $8.25/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 100kt Aframax Baltic to UKC route.

The conversion factor applied will be 7.3.

Rotterdam harbor dues will be $0.16/barrel.

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