SUBSCRIBER NOTE: Platts changes its Butane FOB West Med assessment

Please note that Platts has made a number of changes to its Butane West Med FOB Ex-Refinery/Storage pressurized assessment. These changes are effective from January 3, 2017.

Platts has standardized the name of the assessment across all publications, and updated the volume assessed and clarified its position on bids into Lavera, France. This follows a decision subscriber note published on September 15, 2016.

NAME OF ASSESSMENT: In certain publications Platts described this assessment as Butane W Med FOB Ex-Refinery/Storage. Platts has now standardized this to "Butane FOB West Med Coaster".

VOLUME ASSESSED: Platts has also changed the volume under assessment, from a minimum of 2,500 mt plus or minus 5% tolerance to 1,600 mt plus or minus 5%.

LOADING BASIS: Platts continues to reflect bids where the buyer is willing to load in a different location to the basis port of Lavera, subject to potential freight compensation. Restrictive bids basis only Lavera will no longer be considered for assessment.

Platts welcomes feedback and questions to europe_products@platts.com, with a cc to pricegroup@platts.com. For written comments, please provide a clear indication if the 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.