Platts updates laycan, delivery term for USAC fuel oil

Following a formal consultation, S&P Global Platts has amended the laycans and updated the delivery term for all of its US Atlantic Coast fuel oil assessments, effective Jan. 4, 2021.

This follows a consultation on all US Atlantic Coast fuel oil assessments that began on April 13: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/041320-platts-opens-consultation-on-usac-residual-fuel-oil-assessments

Platts has updated the assessment laycan for its USAC delivered markets to seven-20 days out from the current 10-25 days out. Platts has also updated the delivery terms reflected in the assessments from CIF to DAP.

The change applies to all of the USAC fuel oil markets. The affected assessments are:

PUAAO00: 1%S NYH CIF

PUAAX00: 3%S NYH CIF

AUAMB00: NYH Marine Fuel 0.5%

Separately, Platts has discontinued some USAC fuel oil assessments effective Jan. 4, 2021: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/071720-platts-to-discontinue-usac-22s-assessments-in-january-2021

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