SUBSCRIBER NOTE: Platts clarifies charterparty rates reflected in Northwest European diesel assessments

S&P Global Platts wishes to clarify that bids and offers for cargoes for delivery into ARA with standard charterparty options are reflected in its CIF Northwest European diesel assessments. These include the Hamburg-Bordeaux and North Spain range, German North Sea, the German Baltic Sea, ARA, Poland, Thames, the East Coast and the South Coast of the UK. As with other existing charterparty options, West Coast UK charterparty options may not be unreasonably withheld.

Bids and offers into ports in this range may be considered for publication in the assessment process. Platts has observed a widespread market standard of charterparty rates carrying minimum Hamburg flat rates for deliveries into the German port of Rostock, and will assess any bids, offers or trades for that port reported in the Market on Close process on that basis. Offers stipulating alternative charterparty rates may be considered for publication and sellers are expected to clearly stipulate these in the terms of the offers, which may be normalized accordingly.

Please send all feedback and questions to europe_products@spglobal.com, with a cc to 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.