S&P Global Platts has amended the Singapore-Australia clean Medium Range tanker freight rates used in the calculation of its CFR Australia assessments for gasoline, gasoil and jet fuel effective January 2, 2019.
Platts now uses the Singapore-Australia 35kt clean MR freight assessments to calculate the CFR Australia prices. Previously, Platts used the Singapore-Australia 30kt clean MR freight in its CFR Australia assessments.
Platts first proposed the change in a subscriber note published February 26, 2018: https://www.platts.com/subscriber-notes-details/21414916 On April 2, 2018, Platts launched the new Singapore-Australia 35kt clean MR tanker assessments, following changes in the market towards larger cargo sizes. https://www.platts.com/subscriber-notes-details/27947944 Platts has transitioned the following CFR Australia assessments to the 35kt clean tanker freight from the 30kt assessment starting January 2, 2019:
Australia gasoline assessments: Australian 92 RON and 95 RON unleaded gasoline are assessed on a C+F Melbourne/Sydney basis as a netforward from FOB Singapore 92 RON and 95 RON unleaded assessments using the Singapore-Australia Clean Medium Range tanker freight assessments.
Australia jet fuel: Australian jet fuel is assessed on a C+F Sydney/Melbourne basis as a netforward from FOB Singapore jet fuel using the Singapore-Australia Clean Medium Range tanker freight assessments.
Australia gasoil: Australian 10 ppm gasoil is assessed on a C+F Sydney/Melbourne basis as a net forward using the Singapore-Australia Clean Medium Range tanker freight assessments.
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