SUBSCRIBER NOTE: Freight netback for Azeri Light FOB Supsa in 2017

Effective January 3, 2017, the Worldscale flat rate used to calculate the freight netback to the Azeri Light CIF Augusta assessment for Azeri Light FOB Supsa and Azeri Light 80kt FOB Supsa will be $5.70 per metric tonne. The flat rate will be adjusted using the Worldscale rate published in the Platts Dirty Tankerwire for an 80kt Aframax Black Sea to Med route. Estimated net demurrage at the Turkish straits will be considered. The conversion factor applied will be 7.40.

Please send any comments or questions to europe_crude@spglobal.com and pricegroup@spglobal.com.

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