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lending premium over standard heating oil grades such as<br />
DIN.<br />
Size: The 0.2 RGO assessment reflects full- or part- cargoes of 25-<br />
30,000 mt.<br />
Location: The assessment is CIF ARA basis Antwerp with normal<br />
CP options within NWE calculated pro rata at cost.<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 on July 1, 2004.<br />
Dispatch Category EB<br />
12 Char. Symbol AAOQZ0000000<br />
9 Char. Symbol(s) ·<br />
7 Char. Symbol AAOQZ00<br />
Earliest Date 01-JUL-2004<br />
Vendors BLM CQI DRI EMS FTP FUT KR RTR SAR<br />
Description Russian Gsl 0.2 CIF ARA $/Mt<br />
POAAA00 GASOIL 0.2% CARGOES CIF MED<br />
Quality: The assessment reflects generally merchantable qualities<br />
for heating oil use. Russian material meeting these qualities<br />
would typically be included in the assessment. Grades which are<br />
not widely merchantable, (for instance because of low cetane or<br />
above normal water content), may not be reflected in the<br />
assessments.<br />
Size: Cargo assessments reflect parcels of 25,000-30,000mt each.<br />
Location: CIF assessment is are basis Genoa with normal CP<br />
options considered.<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 December 1991.<br />
Before that, 0.3% maximum sulfur gasoil was reflected.<br />
Dispatch Category EB<br />
12 Char. Symbol PRP202GNABHV<br />
9 Char. Symbol(s) PPD2MGDCH · PPD2MGDCL<br />
7 Char. Symbol POAAA00<br />
Earliest Date 16-DEC-1991<br />
Vendors BLM CQI DRI EMS FTP FUT KR RTR SAR<br />
Description Gasoil 0.2 CIF Med Cargoes<br />
METHODOLOGY GUIDE GASOIL<br />
EUROPEAN PRODUCTS<br />
24<br />
POAAB00 GASOIL 0.2% CARGOES FOB MED<br />
Quality: The assessment reflects generally merchantable qualities<br />
for heating oil use. Russian material meeting these qualities would<br />
typically be included in the assessment. Grades which are not<br />
widely merchantable, (for instance because of low cetane or above<br />
normal water content), may not be reflected in the assessments.<br />
Size: Cargo assessments reflect parcels of 25,000-30,000mt each.<br />
Location: Platts in 2002 formalized that the basis of its 0.2%<br />
FOB Med assessment includes material from Black Sea ports,<br />
when these form a significant part of the trade.<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: The FOB assessment is typically calculated as a freight<br />
netback from the Genoa and Lavera, using a worldscale rate<br />
published in Platts Clean Tankerwire and a basket of flat rates<br />
including typical routes within the Mediterranean from Black Sea<br />
ports. The routes include origin ports Tuapse, Novorossiysk,<br />
Batumi and Odessa and destination ports Genoa/Lavera. Effective<br />
Jan 2, 2008 the Worldscale basketflat rate used to calculate FOB<br />
Med 0.2 assessment is $9.03. FOB Med gasoil 0.2% is assessed as a<br />
freight differential to the CIF Med gasoil 0.2% assessment. The<br />
actual freight applied to the netback will fluctuate daily based on<br />
changes in Platts BSea-Med assessments in the Clean Tankerwire<br />
for 30,000 mt cargoes applied against the respective 2008 flat<br />
rates.<br />
Background: The assessment was introduced in December 1991.<br />
Before that, 0.3% maximum sulfur gasoil was reflected.<br />
Dispatch Category EB<br />
12 Char. Symbol PRP202MEDBHX<br />
9 Char. Symbol(s) PPD2MISCH · PPD2MISCL<br />
7 Char. Symbol POAAB00<br />
Earliest Date 04-JAN-1993<br />
Vendors BLM CQI DRI EMS FTP FUT KR RTR SAR<br />
Description Gasoil 0.2 FOB Med Cargoes<br />
POAAG00 GASOIL 0.2% BARGES<br />
Quality: The barge assessments represent heating oil grades with<br />
a specific gravity of 0.845 g/ml with a maximum sulfur content<br />
of 0.2%.<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.