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AAJUS00 DIESEL 10 PPM BARGES<br />

Quality: The assessment reflects German spec diesel with a<br />

maximum sulfur content of 10 ppm. The typical density is basis<br />

0.845 g/ml (actual SG ranges from 0.82 to 0.845 g/ml)<br />

METHODOLOGY GUIDE ULSD<br />

Size: Platts increased the minimum assessable barge volume<br />

from 1,000mt to a range of 1,000-2,000mt where the buyer has<br />

the option to choose the actual volume. However, the buyer has<br />

the obligation to specify the actual volume at the time of the<br />

deal. Platts will continue to include in the assessment process<br />

transactions of up to 5,000mt.<br />

Location: FOB basis Rotterdam. Other load ports are typically<br />

normalized on an incremental freight differential basis. i.e. if the<br />

barge is loading from Antwerp, the freight differential from<br />

Antwerp to Germany against the freight differential from<br />

Rotterdam to Germany would generally be applied.<br />

Timing: Barge assessments reflect parcels for loading 3-15<br />

(Monday-Tuesday) or 5-15 (Wednesday through Friday) days<br />

forward, with prices normalized to the midpoint of these<br />

loading ranges.<br />

Other: Effective August 1 Platts started to define nonintentionally<br />

blended trace elements of biodiesel in hydrocarbon<br />

diesel assessments as diesel with a maximum biodiesel content of<br />

no more than 0.30%. This is in line with the current technology<br />

for repeatable testing the bio-content of hydrocarbon diesel and<br />

is also in line with analysis following the Platts biodiesel web<br />

forum held on June 25, 2007.<br />

Background: Platts started the 10ppm FOB ARA gasoil barge<br />

assessment reflecting German spec material from October 1,<br />

2002, to run in tandem with the existing 50 ppm ULSD barge<br />

assessment.<br />

Dispatch Category EB<br />

12 Char. Symbol AAJUS0000000<br />

9 Char. Symbol(s) ·<br />

7 Char. Symbol AAJUS00<br />

Earliest Date 01-OCT-2002<br />

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

Description Gasoil 10 PPM FOB NWE Brg<br />

AAGMK00 DIESEL 50 PPM BARGES<br />

Quality: The assessment reflects qualities of diesel fuel typically<br />

traded in the Benelux region. The typical density is basis 0.845<br />

g/ml (actual SG ranges from 0.82 to 0.845 g/ml) and the<br />

maximum sulfur is 50 ppm.<br />

Size: Platts increased the minimum assessable barge volume<br />

from 1,000mt to a range of 1,000-2,000mt where the buyer has<br />

the option to choose the actual volume. However, the buyer has<br />

EUROPEAN PRODUCTS<br />

the obligation to specify the actual volume at the time of the<br />

deal. Platts will continue to include in the assessment process<br />

transactions of up to 5,000mt.<br />

Location: FOB ARA basis Antwerp.<br />

Timing: Barge assessments reflect parcels for loading 3-15<br />

(Monday-Tuesday) or 5-15 (Wednesday through Friday) days<br />

forward, with prices normalized to the midpoint of these<br />

loading ranges.<br />

Other: N/A<br />

Background: Platts 50 ppm sulfur ULSD FOB barges in the ARA<br />

region are assessed basis Antwerp. In 2005, Dutch consumption<br />

switched from 50 ppm sulfur to 10 ppm sulfur. This switch<br />

prompted a change in the typical pattern of barge trade from basis<br />

Rotterdam to basis Antwerp. Transactions occurring at other loading<br />

ports in NWE are typically normalized on a freight differential basis<br />

back to Antwerp.<br />

Platts introduced the assessment for 50ppm sulfur Ultra<br />

Low Sulfur Diesel barges FOB Rotterdam on Apr 2, 2001,<br />

using Netherlands spec as the base grade. The ULSD barge<br />

assessment incorporated German spec ULSD from Oct 15,<br />

2001. From October 1 2002 Platts started a new 10ppm FOB<br />

ARA gasoil barge assessment reflecting German spec<br />

material, to run in tandem with the 50 ppm ULSD barge<br />

assessment, and the ULSD assessment reverted to qualities<br />

typical of Benelux.<br />

Following subscriber feedback and due to declining liquidity<br />

in the 50ppm diesel barge market following specification<br />

changes in Belgium, Platts will discontinue the European<br />

FOB Diesel 50 ppm barge assessment from Jan 1, 2008.<br />

Dispatch Category EB<br />

12 Char. Symbol AAGMK0000000<br />

9 Char. Symbol(s) ·<br />

7 Char. Symbol AAGMK00<br />

Earliest Date 02-APR-2001<br />

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

Description Gasoil ULSD R'dam Brg<br />

21<br />

AAWGY00 BIODIESEL FOB ARA<br />

Quality: TThe quality reflected will be EN 14214 that meets<br />

minus 10 degree Celsius cold properties throughout the year.<br />

Biodiesel blended with any non-bio additives will not be<br />

included in the assessment. The assessment will be for 99.9%<br />

biodiesel, and would exclude tax refunds or other rebates.<br />

Size: The assessment will reflect barges of 1,000-5,000 mt.<br />

Location: FOB ARA basis Rotterdam.

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