SUBSCRIBER NOTE: New European 2013 Naphtha flat rates

NAPHTHA SUBSCRIBER NOTE: Effective January 2, 2013 the Worldscale flat rate used to calculate the netback formula for FOB Med naphtha cargoes becomes $15.39/mt. The Worldscale flat rate used to calculate the netback formula for CIF Med naphtha becomes $9.62/mt. An additional $0.97/mt will be added to the NWE-Med freight rate to calculated port fees in Rotterdam. An Additional $3/mt will be added to the cross-Med Worldscale rate used to cover additional costs. Comments please to europe_products@platts.com, CC to pricegroup@platts.com.