Platts introduces ratable assessment for US Gulf Coast ULSD

Platts will publish an assessment for the value of the front month, US Gulf Coast ratable supply contract for ULSD (61 Grade) beginning January 3, 2011.

A ratable contract stipulates that a seller will supply 25,000 barrels of ULSD per Colonial Pipeline cycle, throughout the contractual month. There are typically six pipeline cycles per month.

The assessment will be published in Platts US Marketscan and on PGA page 598 and in Platts OPR.

Launch date is scheduled for January 3, 2011.

DISP SYMBOL BATES DEC FREQ CURR UOM DESCRIPTION UG AASAR00 hl 2 DW USC GAL ULSD FOB USGC Pipe Ratable Mo1