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METHODOLOGY GUIDE
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 PRPGS9NWEBJC
9 Char. Symbol(s) PPD7NESCH · PPD7NESCL
7 Char. Symbol PPAQF00
Earliest Date 01-JUL-1994
Vendors BLM CQI DRI EMS FTP FUT KR RTR SAR
Description Gasoil EN590 FOB NWE Cargo
PPAQD00 EN590 MEDITERRANEAN CIF CARGOES
Quality: Mediterranean En590 CIF assessment typically reflects
French spec diesel fuel for automotive use but other grades such
as Italian and Spanish may be considered.
Size: Cargo assessments reflect parcels of 25,000-30,000mt each.
Location: CIF assessment is calculated basis Lavera, with normal
CP options within the Med considered.
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.
Dispatch Category EB
12 Char. Symbol PRPGS9GNABIW
9 Char. Symbol(s) PPD7MGDCH · PPD7MGDCL
7 Char. Symbol PPAQD00
Earliest Date 01-JUL-1994
Vendors BLM CQI DRI EMS FTP FUT KR RTR SAR
Description Gasoil EN590 CIF Med Cargo
EUROPEAN PRODUCTS
73
PPAQB00 EN590 MEDITERRANEAN FOB CARGOES
Quality: Mediterranean En590 FOB assessment typically
reflects French spec diesel fuel for automotive use but
other grades such as Italian and Spanish may be
considered.
Size: Cargo assessments reflect parcels of 25,000-30,000mt
each.
Location: FOB Med (see freight calculation below).
Timing: Reflects material for loading 10-25 days from date of
publication, with prices normalized to the mid-point of this
delivery window.
Other: The FOB assessment is calculated as a freight netback
from the CIF value, using a worldscale rate published in
Platts Clean Tankerwire and a basket of flat rates including
typical routes in the Mediterranean from Genoa and Lavrea.
Recently a flat rate of 4.5 has been applied representing
freight between origin ports including Santa Panagia,
Constantza and Skikda and destination ports Genoa and
Lavera.
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.
Dispatch Category EB
12 Char. Symbol PRPGS9MEDBIY
9 Char. Symbol(s) PPD7MISCH · PPD7MISCL
7 Char. Symbol PPAQB00
Earliest Date 01-JUL-1994
Vendors BLM CQI DRI EMS FTP FUT KR RTR SAR
Description Gasoil EN590 FOB Med Cargo