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material with a maximum suflur of 10 ppm. Specific gravity is basis 0.755 g/ml. The Motor Octane (MON) number is 85. Aromatics limit is 35 max. Size: Effective November 1 Platts standardized cargo sizes reflected in its northwest European gasoline cargo assessments as follows: Premium gasoline 10ppm FOB NWE assessments to reflect 30,000 metric tonnes +/- 10% operational tolerance, NWE basis Rotterdam, with material from other locations considered at differentials. Before this, the standards encompassed a range of cargo sizes from 10,000-30,000 metric tonnes on both FOB and CIF. Location: FOB NWE. Typically the assessment is normalized to Rotterdam, but material from other origins is considered at differentials according to market conditions. Timing: Reflects material for loading 10-25 days from date of publication, with prices normalized to the mid-point of this delivery window. Other: N/A Background: The assessment was introduced July 1, 2004. Dispatch Category EB 12 Char. Symbol AAOPY0000000 9 Char. Symbol(s) · 7 Char. Symbol AAOPY00 Earliest Date 01-JUL-2004 Vendors BLM CQI DRI EMS FTP FUT KR RTR SAR Description Prem Unl 10 PPM FOB ARA AAIJN00 REGULAR GASOLINE 50 PPM CARGOES CIF NWE Note: Effective Jan 1 2007 Platts has proposed to discontinue the CIF NWE regular cargo assessment. Quality: Assessments are based on specific gravity of 0.745 grams per liter; the RON is typically 91 and the MON 82.5. Aromatics limit is 35 max. Size: Cargo assessments reflect parcels of 10,000-25,000mt each. Location: The assessment is basis German North Sea with normal charter-party options within NWE. Timing: Reflects material for delivery 10-25 days from date of publication, with prices normalized to the mid-point of this delivery window. Other: Effective April 3, 2006 the CIF NWE regular unleaded gasoline cargo assessments has been based on a freight differentialto the FOB NWE assessment using the cross-NWE freight assessments, published in Platts clean tanker wire. Prior to that date, the CIF NWE regular unleaded cargo assessment was calculated as a differential to 50ppm unleaded gasoline METHODOLOGY GUIDE GASOLINE EUROPEAN PRODUCTS assessments. Background: Effective 2 January 2003, the assessment reflected 50ppm sulphur specification only. Dispatch Category EB 12 Char. Symbol PRPGU$NWECIF 9 Char. Symbol(s) · 7 Char. Symbol PGACZ00 Earliest Date 08-FEB-1988 Vendors BLM CQI DRI EMS FTP FUT KR RTR SAR Description Reg Unl CIF NWE Cargoes AAIJL00 REGULAR GASOLINE 50 PPM CARGOES FOB NWE Quality: Assessments are based on specific gravity of 0.745 grams per liter, the RON is typically 91 and the MON 82.5. Aromatics limit is 35 max. Size: Cargo assessments reflect parcels of 10,000-25,000mt each. Location: FOB NWE. Typically the assessment is normalized to Rotterdam, but material from other origins is considered at differentials according to market conditions. Timing: Reflects material for loading 10-25 days from date of publication, with prices normalized to the mid-point of this delivery window. Other: Effective April 3, 2006 Platts has assessed FOB NWE Regular unleaded gasoline cargoes with the US netback acting as floor to the assessment. The netback is calculated using differentials to M-grade gasoline in New York harbor. Prior to that date, the FOB NWE regular unleaded cargo assessment was calculated as a differential to 50ppm unleaded gasoline assessments. Background: Effective 2 January 2003, the assessment reflected 50ppm sulphur specification only. Dispatch Category EB 12 Char. Symbol PRPGU$NWECIH 9 Char. Symbol(s) · 7 Char. Symbol PGADA00 Earliest Date 01-JUN-1992 Vendors BLM CQI DRI EMS FTP FUT KR RTR SAR Description Reg Unl FOB NWE Cargoes AAKOD00 98 RON GASOLINE 10 PPM BARGES FOB ARA Quality: The NWE barge assessments represent German grade with maximum sulfur 10 ppm, specific gravity of 0.755 g/ml and a maximum benzene content of 1%. The RON is 98 and the MON is 88. Aromatics limit is 35 max. 10
Size: Barge assessments reflect parcels of 1,000-5,000mt each. Location: Gasoline barges are typically basis AR(Amsterdam/Rotterdam). Any transactions occurring at other loading ports in NWE (including Antwerp) are normalized to AR basis on an incremental freight differential basis into the main consuming area, which is typically Germany. Timing: Reflects material for loading 3-15 (Monday-Tuesday) or 5-15 (Wednesday through Friday) days from date of publication, with prices normalized to the mid-point of this loading window. Other: Because this assessment is illiquid, it is generally established through a differential to Prem Unl barges. Background: Platts has made a number of changes in recent years in the maximum sulphur content in line with EU regulations on gasoline quality. Eff Jan 2 2002, Platts Unl 98 assessment reflected 50ppm sulfur material in line with prevailing market trends. Platts clarified that in 2001 the Unl 98 assessment already incorporated 50ppm as the traded grade in ARA. Platts introduced experimental 10ppm barge assessments for the above, effective 1 October to 31 December 2002 to run in tandem with 50ppm barge assessments. Unleaded 98 FOB Rotterdam barge assessments have reflected 10 ppm maximum sulfur effective 2 January 2003. Dispatch Category EB 12 Char. Symbol PRPM9URTTBFO 9 Char. Symbol(s) · 7 Char. Symbol PGAMR00 Earliest Date 03-OCT-1994 Vendors BLM CQI DRI EMS FTP FUT KR RTR SAR Description Unl 98 FOB R'dam Barges PGABM00 PREMIUM GASOLINE 10 PPM BARGES FOB ARA Quality: The barge assessments represent 95 RON, 85 MON German grade material with a specific gravity basis of 0.755 g/ml. The maximum sulfur is 10 ppm. Aromatics limit is 35 max. Size: Barge assessments reflect parcels of 1,000-5,000mt each. Location: Gasoline barges are typically basis AR(Amsterdam/Rotterdam). Any transactions occurring at other loading ports in NWE (including Antwerp) are normalized to AR basis on an incremental freight differential basis into the main consuming area, which is typically Germany. Timing: Reflects material for loading 3-15 (Monday-Tuesday) or 5-15 (Wednesday through Friday) days from date of publication, with prices normalized to the mid-point of this loading window. Other: The assessment has reflected 10 ppm maximum sulfur from January 2, 2003. Platts introduced experimental 10ppm barge assessments effective 1 October to 31 December 2002 to run in tandem with 50ppm barge assessments. Platts has made a METHODOLOGY GUIDE GASOLINE EUROPEAN PRODUCTS number of changes in recent years in the maximum sulphur content in line with EU regulations on gasoline quality. Platts introduced a 50ppm assessment for premium unleaded barges FOB Rotterdam as an experimental assessment effective 1 October 2001 to run until 31 December, 2001. The premium unleaded barge assessment became 50ppm on Jan 2, 2002. Dispatch Category EB 12 Char. Symbol PRPPRURTTCEY 9 Char. Symbol(s) · 7 Char. Symbol PGABM00 Earliest Date 01-JUN-1992 Vendors BLM CQI DRI EMS FTP FUT KR RTR SAR Description Prem Unl FOB R'dam Barges AANWY00 PREMIUM GASOLINE 50 PPM BARGES FOB ARA Quality: Assessments reflect Benelux spec material, and are based on specific gravity of 0.755 grams per liter, the RON is typically 95 and the MON 85. The assessment reflects a maximum sulfur of 50 ppm. Aromatics limit is 35 max. Location: The 50ppm barge assessment reflects spot activity in the Amsterdam Rotterdam and Antwerp area, with the value normalized to Rotterdam basis. Size: Barge assessments reflect parcels of 1,000-5,000mt each. Timing: Reflects material for loading 3-15 (Monday-Tuesday) or 5-15 (Wednesday through Friday) days from date of publication, with prices normalized to the mid-point of this loading window. Other: N/A Background: The 50 ppm barge assessment was introduced April 1, 2004. Prior to that Platts had assessed the 50 ppm market as a differential to 10 ppm (see barge differnenial assessments below). Dispatch Category EB 12 Char. Symbol AANWY0000000 9 Char. Symbol(s) · 7 Char. Symbol AANWY00 Earliest Date 01-APR-2004 Vendors BLM CQI DRI EMS FTP FUT KR RTR SAR Description Prem Unl 50 PPM FOB AR AAKOF00 REGULAR GASOLINE 10 PPM BARGES FOB ARA Quality: Assessments are based on specific gravity of 0.745 grams per liter, the RON is typically 91 and the MON 82.5. The maximum sulfur is 10 ppm. Aromatics limit is 35 max. Location: Gasoline barges are typically basis AR(Amsterdam/Rotterdam). Any transactions occurring at other loading ports in NWE (including Antwerp) are normalized to AR 11
Page 1 and 2: ] www.platts.com Methodology and Sp
Page 3 and 4: METHODOLOGY GUIDE GENERAL TERMS AND
Page 5 and 6: EUROPEAN MARKETSCAN ASSESSMENTS MET
Page 7 and 8: In the past, Platts has tended to t
Page 9: gravity of 0.755 g/ml. The Motor Oc
Page 13 and 14: AAYDT00 (FOB) ; AAYDS00 (CIF) ETHAN
Page 15 and 16: Background: In the past, Platts has
Page 17 and 18: published by Worldscale. Effective
Page 19 and 20: Quality: The ULSD CIF NWE assessmen
Page 21 and 22: AAJUS00 DIESEL 10 PPM BARGES Qualit
Page 23 and 24: Size: Cargo size is for full cargoe
Page 25 and 26: Location: FOB basis Rotterdam. Tran
Page 27 and 28: PUAAM00 FUEL OIL 1% CARGOES FOB NWE
Page 29 and 30: Other: The FOB NWE assessment may b
Page 31 and 32: AAHMX00 VGO 0.5-0.6% CARGOES FOB NW
Page 33 and 34: LPGASWIRE EUROPEAN ASSESSMENTS Plat
Page 35 and 36: METHODOLOGY GUIDE LPG Quality: Both
Page 37 and 38: Dispatch Category LI 12 Char. Symbo
Page 39 and 40: METHODOLOGY GUIDE APPENDIX EUROPEAN
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DATA CODES METHODOLOGY GUIDE APPEND
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Barges FOB Rotterdam, 10 PPM Barges
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contractual terms, the seller shoul
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METHODOLOGY GUIDE ppm sulfur. This
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METHODOLOGY GUIDE 23-Jan-2006 Follo
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METHODOLOGY GUIDE APPENDIX VI: DISC
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METHODOLOGY GUIDE cargoes became 0.
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