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LPGASWIRE EUROPEAN ASSESSMENTS
SUBSCRIBER NOTES
Following is a listing of key Subscriber notes and Clarification
notes issued by Platts in 2004:
04-Jan-05 Effective Jan 4, 2005 the Worldscale flat
rate Augusta-Rotterdam used to calculate the netback formula for
FOB Med jet and jet av fuel becomes $6.43 per metric tonne.
Harbor dues at Rotterdam are calculated at $0.61/mt based on
1.07/GT of vessel, converted to an mt basis.
04-Jan-05 Effective Jan 4, 2005, the Worldscale basket
flat rate used to calculate FOB Med naphtha will become $8.12.
FOB Med naphtha is assessed as a freight differential to the CIF
NWE. The actual freight applied to the netback will fluctuate
daily based on changes in Platts UKC-Med assessments for
27,500mt naphtha cargoes, applied against the $8.12/mt rate.
The worldscale flat rate used to calculate the CIF MED Naphtha
assessment will become $5.17 based on published freight values
between Alexandria and Lavera using Platts cross-Med clean
tanker naphtha assessments.
05-Jan-05 The latest issue of Platts guide to
specifications for European oil products is available on Platts'
Web site
http://platts.com/Oil/Resources/Methodology%20&%20Specificat
METHODOLOGY GUIDE APPENDIX
Propane Butane
NWE: SPOT USD/MT SPOT USD/MT
FOB SEAGOING +x.00 PMABB00-PMABB00 +x.00 +x.00 PMAAL00-PMAAL00 +x.00
FOB ARA +x.00 PMAAS00-PMAAS00 +x.00 +x.00 PMAAC00-PMAAC00 +x.00
FCA ARA* +x.00 PMABH00-PMABH00 +x.00 +x.00 PMABI00-PMABI00 +x.00
CIF 1-3000MT +x.00 PMAAZ00-PMAAZ00 +x.00 +x.00 PMAAJ00-PMAAJ00 +x.00
CIF 3000+MT +x.00 PMAAC00-PMAAC00 +x.00
CIF 7000+MT +x.00 PMABA00-PMABA00 +x.00
Monthly rolling average
FOB SEAGOING PMUDI00-PMUDI00
CIF 7000+MT PMUDK00-PMUDK00
Propane swaps (basis CIF NWE)
Aug +x.00 AAHIK00-AAHIK00 +x.00
Sep +x.00 AAHIM00-AAHIM00 +x.00
Oct +x.00 AAHIO00-AAHIO00 +x.00
Q4 +x.00 AAHIL00-AAHIL00 +x.00
W MED:
FOB EX-REF/STOR +x.00 PMABC00-PMABC00 +x.00 +x.00 PMAAM00-PMAAM00 +x.00
FCA EX-REF/STOR +x.00 PMABJ00-PMABJ00 +x.00
CIF 7000+MT +x.00 PMABE00-PMABE00 +x.00
NOTE:* FCA ARA refers to sales onto railcars and trucks in the Amsterdam-Rotterdam-Antwerp region
EUROPEAN PRODUCTS
APPENDIX V SUBSCRIBER NOTES ISSUED 2005 ONWARDS
ions/ europeanoilproductspecs.pdf
28-Jan-05 Platts plans to begin publishing eurodenominated
assessments for a selection of its key crude oil and
European and US product benchmarks as a supplement to the
existing US dollar-denominated values. Because decision-making
in international oil markets is inherently exposed to foreign
exchange currency fluctuations, Platts is providing this
additional information to allow subscribers to compare prices
more efficiently across regions. The selected euro-denominated
assessments will be launched on Feb 14 and will reflect values
prevailing at 1730 local London time. (Cont PGA 711).
04-Feb-05 Platts plans to begin publishing eurodenominated
assessments for a selection of its key crude oil and
European and US product benchmarks as a supplement to the
existing US dollar-denominated values. Because decision-making
in international oil markets is inherently exposed to foreign
exchange currency fluctuations, Platts is providing this
additional information to allow subscribers to compare prices
more efficiently across regions. The selected euro-denominated
assessments will be launched on February 14th, 2005, and will
reflect values prevailing at 1730 local London time. They will
include Dated Brent, Urals (Mediterranean), 1st month WTI, 1st
month Mars, Premium Unleaded Cargoes CIF NWE/Basis ARA,
Naphtha Physical Cargoes CIF NWE/Basis ARA, Jet Cargoes CIF
NWE/Basis ARA, 1 Pct Cargoes FOB NWE, Premium Unleaded
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