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METHODOLOGY GUIDE
23-Jan-2006 Following industry feedback, Platts will
reflect in its North West European low sulfur straight-run fuel oil
assessments the following specifications: Sulfur 0.5-0.7%,
normalized to 0.6% CCR max 7 Density 0.935-0.95 at 15
degrees, Viscosity 200cst max at 50 degrees Vanadium 10ppm
Sodium 10ppm Nickel 10ppm The parcel size will remain as
25,000-30,000mt. Cargoes up to 50,000mt maybe taken into
account when arbitrage opportunities occur.
03-Feb-06 Changes to ARA barge bids, offers
assessments: Effective Wednesday February 8 and following
industry feedback regarding barge nomination procedures in the
ARA oil products market, Platts will start to reflect barge bids and
offers on a Wednesday 5-15 days forward. This is to better reflect
the two full working days nomination procedure required in the
NWE barge market. Monday and Tuesday loading dates will
remain 3-15 days forward, and Thursday and Friday 5-15 days
forward. Platts is considering adapting the same standard of 5-15
days throughout the whole week. Please send any comments
please to annalisa_jeffries@platts.com, cc
peter_stewart@platts.com and jorge_montepeque@platts.com.
03-Feb-2006 Effective Wednesday February 8 and
following industry feedback regarding barge nomination
procedures in the ARA oil products market, Platts will start to
reflect barge bids and offers on a Wednesday 5-15 days forward.
This is to better reflect the two full working days nomination
procedure required in the NWE barge market. Monday and
Tuesday loading dates will remain 3-15 days forward, and
Thursday and Friday 5-15 days forward. Platts is considering
adapting the same standard of 5-15 days throughout the whole
week. Please send any comments please to
annalisa_jeffries@platts.com, cc peter_stewart@platts.com and
jorge_montepeque@platts.com.
07-Feb-06 1.5% SFO Rotterdam basis assess proposal
on Apr 3: In light of new regulations by the International
Convention for the Prevention of Pollution from ships (Marpol),
Platts proposes to start assessing 1.5% sulphur fuel oil FOB barge
assessment basis Rotterdam Apr 3 , 2006. The Marpol regulations
limit sulphur in fuel oil used in bunkers to a maximum of 1.5%
in certain designated areas including the Baltic Sea. Platts invites
comments to this proposal to be submitted no later than Feb 28,
2006. Please send any comments to
vanessa_ronsisvalle@platts.com and annalisa_jeffries@platts.com
with a cc to Peter_stewart@platts.com, and
jorge_montepeque@platts.com
07-Feb-2006 In light of new regulations by the
International Convention for the Prevention of Pollution from
ships (Marpol), Platts proposes to start assessing 1.5% sulphur
fuel oil FOB barge assessment basis Rotterdam Apr 3 , 2006. The
Marpol regulations limit sulphur in fuel oil used in bunkers to a
maximum of 1.5% in certain designated areas including the
Baltic Sea. Platts invites comments to this proposal to be
submitted no later than Feb 28, 2006. Please send any comments
EUROPEAN PRODUCTS
to vanessa_ronsisvalle@platts.com and
annalisa_jeffries@platts.com with a cc to
Peter_stewart@platts.com, and jorge_montepeque@platts.com
08-Feb-06 Clarification of European products
assessments: European products assessment methodologies,
including those for fuel oil, gasoline, naphtha and middle
distillates such as jet fuel remain unchanged. These assessments
are transparently derived from fixed-price and floating-price
bids, offers and transactions. For instance, Platts considers in the
assessment process both futures and Platts-related transactions.
Platts has been using these methodologies without interruption
since 2002. For further details please download the methodology
documents available at www.platts.com.
08-Feb-2006 Platts European products assessment
methodologies, including those for fuel oil, gasoline, naphtha
and middle distillates such as jet fuel remain unchanged. These
assessments are transparently derived from fixed-price and
floating-price bids, offers and transactions. For instance, Platts
considers in the assessment process both futures and Plattsrelated
transactions. Platts has been using these methodologies
without interruption since 2002. For further details please
download the methodology documents available at
www.platts.com.
10-Mar-06 New 1.5% sulfur fuel oil Rotterdam
bunkers London(Platts): Following subscriber feedback and in
light of new regulations by the International Convention for the
Prevention of Pollution from ships (Marpol), Platts will start
1.5PCT sulphur fuel oil bunkers delivered basis Rotterdam May
22 2006, for both 380cst and 180cst. May 22. The Marpol
regulations limit sulfur in fuel oil used in bunkers to a maximum
of 1.5% in certain designated areas including the Baltic Sea.
2-Mar-06 Protocols on bids/offers deemed frivolous:
CLARIFICATION NOTE: Platts reserves the right not to publish
any bids or offers considered frivolous, such a low bids or a high
offers that does not represent market value. Platts reflects
incremental changes in bid/offer levels that give a counterparty
ample time to execute. In practice, improvements in bid/offer
levels in excess of $1.00/mt per minute may be seen as excessive.
Platts may vary these parameters without notice, depending on
market conditions. Buyers and sellers can retreat at any point on
a non-incremental basis but any subsequent improvements in
bids/offers must be made incrementally from the level to which
the buyer or seller retreated. If a buyer or seller retreats to a level
considered frivolous, such a bid or offer will be excluded from
the assessment process.
31-Mar-2006 Effective March 31, in the light of industry
feedback Platts will revert to reflecting only intermediate
specification diesel in the 10ppm barge market assessment.
Effective April 3 Platts will reflect both intermediate and summer
grades of 10ppm diesel with summer specification having an
increasing weighting until April 11. From April 12 summer
specification will be full reflected.
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