SUBSCRIBER NOTE: Platts updates Europe fuel oil netbacks for 2014

Effective January 2, 2014, the World scale flat rate used to calculate the netback formulas for FOB Med 1% and 3.5% fuel oil will be $8.19/mt. Unless otherwise proved, for the CIF NWE 1% fuel oil the Worldscale flat rate used to calculate the netback formulas will be $7.23/mt, and for FOB NWE 3.5% fuel oil the Worldscale flat rate will be $8.59/mt. Unless otherwise demonstrated, CIF MED 1% fuel oil cargoes will be calculated using the Antwerp-Milazzo flat rate of $13.83/mt from 1% FOB NWE cargoes. Please send all feedback and questions to europe_products@platts.com, with a cc to pricegroup@platts.com. For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.