SUBSCRIBER NOTE: Platts to reflect Tangier in Med oil assessments

Platts confirms that it will reflect bids, offers and trades into the North Africa port of Tangier Med, Morocco, in its European Market on Close assessment process starting January 2, 2014. This follows a proposal to reflect the port that was published by Platts on December 11, 2013. Under Platts methodology, certain approved alternative locations to the basis assessment port for many oil product assessments may be bid and offered during the MOC assessment process. Platts may normalize bids, offers or trades that include the port of Tangier Med as their basis location or as a charter party option, which reflects Platts current assessment standards of non-basis locations and non-standard charter party options.