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Size: Cargo size is for full cargoes of 10-20 kt.<br />

Location: FOB NWE.<br />

Timing: Reflects material for loading 10-25 days from date of<br />

publication, with prices normalized to the mid-point of this<br />

delivery window.<br />

METHODOLOGY GUIDE GASOIL<br />

Other: Effective Jan 3, 2006 the Worldscale basket flat rate<br />

used to calculate the FOB NWE gasoil 0.2% assessment is<br />

$5.57/mt. The assessment is typically based on a freight<br />

differential to the CIF NWE assessments. The actual freights<br />

applied to the netback fluctuate daily based on changes in<br />

Platts cross UKC-UKC assessments in the clean tanker wire,<br />

applied against the respective 2006 flat rates. The actual routes<br />

used in the calculation are unchanged from 2005, the rate<br />

change simply reflects the new Worldscale flat rates that<br />

became effective in the New Year.<br />

Background: The assessment was introduced in September<br />

1990. Before that, 0.3% maximum sulfur gasoil was reflected.<br />

Dispatch Category EB<br />

12 Char. Symbol PRP202NWEBIB<br />

9 Char. Symbol(s) PPD2NESCH · PPD2NESCL<br />

7 Char. Symbol POAAD00<br />

Earliest Date 03-SEP-1990<br />

Vendors BLM CQI DRI EMS FTP FUT KR RTR SAR<br />

Description Gasoil 0.2 FOB NWE Cargoes<br />

AAYWS00 GASOIL 0.1% CARGOES CIF NWE<br />

Quality: The NWE 0.1% CIF assessment reflects material<br />

meeting the minimum requirements of French Fuel Oil<br />

Domestique (FOD), German Deutsche Industrie Norm (DIN) and<br />

Spanish (B&C) quality gasoil fuel with a maximum sulfur of<br />

0.1%, and reflects cracked gasoil for heating oil use. The quality<br />

is normalized to reflect German DIN gasoil fuel. SG is basis 0.845<br />

g/l.<br />

Size: Typical cargo sizes of 10-30,000 mt are reflected. Platts<br />

currently normalizes to reflect 20,000 mt.<br />

Location: CIF assessments are calculated basis Le Havre with<br />

normal charter party options. Cargoes with charter party options<br />

in the range Hamburg to North Spain would typically be<br />

included.<br />

Timing: Reflects material for delivery 10-25 days from date of<br />

publication, with prices normalized to the mid-point of this<br />

delivery window.<br />

Other: N/A<br />

Background: The assessment was introduced in October 2007.<br />

EUROPEAN PRODUCTS<br />

Dispatch Category EB<br />

12 Char. Symbol AAYWS0000000<br />

9 Char. Symbol(s)<br />

7 Char. Symbol AAYWS00<br />

Earliest Date 01-OCT-2007<br />

Vendors BLM CQI DRI EMS FTP FUT<br />

KR PL12 RTR SAR<br />

Description Gsl 0.1% Crg CIF NWE<br />

23<br />

AAYWR00 GASOIL 0.1% CARGOES FOB NWE<br />

Quality: The NWE 0.1% FOB assessment reflects material<br />

meeting the minimum requirements of French Fuel Oil<br />

Domestique (FOD), German Deutsche Industrie Norm (DIN) and<br />

Spanish (B&C) quality gasoil fuel with a maximum sulfur of<br />

0.2%, and reflects cracked gasoil for heating oil use. The quality<br />

is normalized to reflect German DIN gasoil fuel. SG is basis 0.845<br />

g/l.<br />

Size: Typical cargo sizes of 10-30,000 mt are reflected. Platts<br />

currently normalizes to reflect 20,000 mt.<br />

Location: FOB NWE. Typically the FOB assessment is derived at<br />

a freight differential to the CIF assessment, based on the<br />

following routes: Ventspils, Antwerp, Stockholm.<br />

Timing: Reflects material for loading 10-25 days from date of<br />

publication, with prices normalized to the mid-point of this<br />

delivery window.<br />

Other: Effective Jan 2, 2008 the Worldscale basketflat rate used<br />

to calculate the FOB NWE gasoil 0.2% assessment is $6.86/mt.<br />

The assessment is typically based on a freight differential to the<br />

CIF NWE assessments. The actual freights applied to the netback<br />

fluctuate daily based on changes in Platts cross UKC-UKC<br />

assessments in the Clean Tankerwire for 22,000 mt cargoes,<br />

applied against the respective 2008 flat rates.<br />

Background: The assessment was introduced in October 2007.<br />

Dispatch Category EB<br />

12 Char. Symbol AAYWR0000000<br />

9 Char. Symbol(s)<br />

7 Char. Symbol AAYWR00<br />

Earliest Date 01-OCT-2007<br />

Vendors BLM CQI DRI EMS FTP FUT<br />

KR PL12 RTR SAR<br />

Description Gsl 0.1% Crg FOB NWE<br />

AAOQZ00 RUSSIAN GASOIL 0.2% CARGOES CIF NWE<br />

Quality: The 0.2% Russian gasoil CIF NWE assessment (0.2<br />

RGO) reflects straight-run Russian gasoil with maximum 0.2%<br />

sulfur. Because the gasoil quality is straight-run, it may carry a

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