What is USGC-Brazil 38kt MR Clean Tanker Assessment?
Note: The Platts Clean USGC-Brazil 38kt MR daily assessments pricing will be available on this page till December 31, 2021.
The 38,000 mt US Gulf Coast-Brazil freight assessment captures the cost of chartering a spot Medium Range tanker to lift 38,000 metric tons of petroleum products, typically diesel, gasoline or naphtha, on the US Gulf Coast for discharge along the Southern half of Brazil's coast. US Gulf Coast load ports for this assessment include Houston and New Orleans, while ports located south of Salvador are considered for discharge in Brazil.
Freight for the route is assessed on a Worldscale basis and also in US dollars per metric ton. In markets where freight is traded on a Worldscale basis, Platts publishes freight assessments that reflect a percentage of the prevailing Worldscale annual flat rate basket the assessment is based on. The Worldscale flat rates are published each year by the Worldscale Association. From time to time, the Worldscale Association publishes revisions to these flat rates in its circulars. Platts reviews these changes with the industry for possible inclusion into Platts freight calculations. Platts will update the market of any such changes through published subscriber notes. Platts determines the equivalent $/mt freight rate based on a basket of Worldscale flat rates comprising several key routes between the two regions specified in the assessment.