SUBSCRIBER NOTE: Freight netback for Urals FOB Primorsk in 2014

Effective January 2, 2014 the Worldscale flat rate used to calculate the freight netback to the Urals CIF Rotterdam assessment for Urals FOB Primorsk will be $8.95/mt. 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. An ice-class premium will be considered when relevant. The conversion factor applied will be 7.23. Rotterdam harbor dues will be $0.14/barrel. For methodology details, please contact europe_crude@platts.com with a cc to pricegroup@platts.com.