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METHODOLOGY GUIDE
AAIJP00 GASOLINE BARGE QUALITY DIFFERENTIAL
Quality: The assessment reflects the differential between 50 ppm
and 150 ppm material
Size: 1,000-5,000 mt parcels
Location: FOB ARA basis Rotterdam
Timing: 2-15 days fro0m date of publication
Other: N/A
Background: Platts introduced its assessment of the differential
between prem unl 150ppm barges and prem unl 50ppm barges
on Jan 2, 2002. Platts discontinued this differential assessment
Oct 1 2004.
(assessment discontinued May 1, 2003)
PJAAT00 JET FOB MED
Platts introduced a formula to calculate FOB Med jet as a netback
from NWE CIF cargo assessment on Oct 1, 1998.
The formula for FOB Med jet took the Worldscale flat rate from
Augusta to Rotterdam plus harbor dues at Rotterdam based on
cts/mt of vessel converted to metric tonnes basis. The flat rate
was then multiplied by Platts clean tanker rate assessment for
Med-NWE cargoes. The spot tanker rate assessment was first prorated
from 30,000mt to 25,000mt and then multiplied by 1.3 to
reflect the added cost for superior tonnage. Adjustments to the
formula were made on the first working day of January each year
to reflect updated Worldscale flat rates as published by
Worldscale.
Platts extended its original January 2, 2003 deadline for
dropping its Jet FOB Med assessment. Platts continued to publish
an assessment for Jet FOB MED until April 30, 2003,
simultaneously with the Jet Av Fuel FOB Med assessment which
it had published since November 2002.
PPAQH00 EN590 CARGO ASSESSMENTS CIF NWE
Quality: The EN590 assessment CIF NWE reflects finished French
Gasoil Moteur (GOM) grade meeting EU directive number EN590
with a maximum sulfur of 350 ppm. The density is basis 0.845 g/l.
Size: Cargo assessments reflect parcels of 20,000 mt each.
Location: CIF NWE assessments reflect cargoes basis Le Havre,
and delivered in a Le Havre/Hamburg port range.
EUROPEAN PRODUCTS
Timing: Reflects material for delivery 10-25 days from date of
publication, with prices normalized to the mid-point of this
delivery window.
Other: N/A
Background: Platts has made a number of changes in recent
years in the maximum sulphur content in line with EU
regulations. Effective Sep 2, 1996, sulfur content in EN590 was
reduced from 0.2% to 0.05% in line with European Union
legislation. Effective Jan 1, 2000 sulfur content was reduced
further to 0.035%. The new quality was reflected from Dec 1,
1999. Effective Jan 1, 2000, the standard density range for EN590
cargoes became 0.82 to 0.845 g/ml maximum to reflect changes
to EU regulations. Platts’ assessments continued to reflect a
reference density of 0.845 in line with industry practice. From
Feb 1, 1997, Platts no longer included the additive WASA used
for finished German grades in its assessments for EN590 gasoil
cargoes and barges in Northwest Europe.
Dispatch Category EB
12 Char. Symbol PRPGS9NWEBJA
9 Char. Symbol(s) PPD7NEDCH · PPD7NEDCL
7 Char. Symbol PPAQH00
Earliest Date 01-JUL-1994
Vendors BLM CQI DRI EMS FTP FUT KR RTR SAR
Description Gasoil EN590 CIF NWE Cargo
72
PPAQF00 EN590 CARGO ASSESSMENTS FOB NWE
Quality: The EN590 assessment FOB NWE reflects finished
French Gasoil Moteur (GOM) grade meeting EU directive
number EN590 with a maximum sulfur of 350 ppm. The density
is basis 0.845 g/l.
Size: Cargo assessments reflect parcels of 20,000 mt each.
Location: FOB 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: Typically the FOB assessment is derived at a freight
differential to the CIF assessment. Recently, a flat rate of 5.11
based on handy size freight between origin ports including
Amsterdam, Rotterdam, Antwerp, Klaipeda, Wilhelmshaven and
Ventspils and destination ports in northern France.
Background: Platts has made a number of changes in recent
years in the maximum sulphur content in line with EU
regulations. Effective Sep 2, 1996, sulfur content in EN590 was
reduced from 0.2% to 0.05% in line with European Union
legislation. Effective Jan 1, 2000 sulfur content was reduced
further to 0.035%. The new quality was reflected from Dec 1,
1999. Effective Jan 1, 2000, the standard density range for EN590