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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