Platts renames European Butane CIF 1,000-3,000 MT assessment

S&P Global Platts has changed the name of its daily assessments for Butane delivered into North West Europe to "Butane CIF NWE Seagoing" from "Butane CIF 1,000-3,000 MT" effective January 2, 2020.

The previous name is no longer reflective of the vessel size included in the assessment. The assessment cargo size range is 1,000-3,600 mt.

The title removes the size reference and makes it consistent with Platts Butane FOB NWE Seagoing assessment. The assessment specifications are unchanged.

This decision follows a period of industry feedback. The note announcing this decision was published December 3: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/120319-platts-to-rename-european-butane-cif-1000-3000-mt-assessment

Please send any comments or questions to europe_products@spglobal.com and pricegroup@spglobal.com . For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.