SUBSCRIBER NOTE: 2014 freight netbacks for Asia/AG assessments

Effective January 2, 2014, the Worldscale flat basis rate used to calculate C+F Japan, FOB Arab Gulf and C+F Australia unleaded gasoline assessments will be $14/mt, $15.92/mt, and $22.52/mt, respectively. The basis rate used to calculate FOB Singapore naphtha will be $14/mt. The basis rate used to calculate the FOB Arab Gulf naphtha netback will be $30.17/mt for LR1 and LR2 vessels. The basis rate used to calculate FOB Arab Gulf gasoil and kerosene assessments will be $16.02/mt, and for C+F Australia gasoil and jet, it will be $22.52/mt. The basis rate used to calculate the netback FOB Arab Gulf 180 CST and 380 CST fuel oil assessments will be $16.42/mt, and for CFR Japan 180 CST fuel oil, it will be $15.27/mt. The actual freight applied to derive the netback or C+F assessments changes daily based on Platts' Dirty Tanker Wire and Clean Tanker Wire, applied against the respective 2014 flat rates. Please send comments and questions to asia_products@platts.com and 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.