SUBSCRIBER NOTE: Platts 2015 European fuel oil freight netback rates

Effective January 2, 2015 the Worldscale flat rate used to calculate the netback formulas for FOB Med 1% and 3.5% fuel oil cargoes will be $8.23/mt.

Unless otherwise proved, for the CIF NWE 1% fuel oil cargoes the Worldscale flat rate used to calculate the netback formulas will be $7.29/mt, and for FOB NWE 3.5% fuel oil cargoes the Worldscale flat rate will be $8.65/mt.

Unless otherwise demonstrated, CIF MED 1% fuel oil cargoes will be calculated using the Antwerp-Milazzo flat rate of $13.76/mt from 1% FOB NWE cargoes.

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