New US Gulf Coast ULSD ratable assessment January 3

Effective January 3, 2011, Platts has launched a new assessment for the value of the front month, US Gulf Coast ratable supply contract for ultra low sulfur diesel (61 Grade).

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. Under this new assessment, Platts will roll the month being assessed over to the following month after the first cycle of the front month is scheduled.

For example, if the first ULSD ratable pipeline cycle in February is scheduled on January 21, Platts will start to publish the March USGC, ULSD ratable contract with effect from the next business day.

The assessment is published in Platts US Marketscan and on page 598 of the real-time service Platts Global Alert, and is also available in the Platts price database, in dispatch category PN.

Please send questions and comments to americas_products@platts.com and pricegroup@platts.com.