SUBSCRIBER NOTE: Platts updates Europe naphtha netbacks for 2014

Effective January 2, 2014 the Worldscale flat rate used to calculate the netback formula for FOB Med naphtha cargoes becomes $14.60/mt. The Worldscale flat rate used to calculate the netback formula for CIF Med naphtha becomes $9.28/mt. An additional $0.97/mt will be added to the NWE-Med freight rate to calculated port fees in Rotterdam. 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.