{Collins} SSB tuning question

I have what should be an easy question, but it has really been confusing me.  
If I have a SSB station tuned in so it sounds correct and the dial on my 75S3 reads 14.200, then does this mean that the stations suppressed carrier is at 14.200 or does this mean that his USB is centered (approximately) at 14.200 (and his suppressed carrier is at 14.198 or there abouts).

KJ7UM/TA2 - Ankara, Turkey

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