SUBSCRIBER NOTE: Platts launches Colonial Pipeline line space assessments

Platts, as of February 2, 2015, has started assessing the value of line space for distillates and gasoline on three major Colonial Pipeline segments between Pasadena, Texas, and Linden, New Jersey.

The assessments reflect a negotiated spot market price in cents/gallon.

They reflect the premium or discount paid during the exchange of product at two locations along Colonial's Line 1 and/or Line 3, as well as Line 2 and/or Line 3.

The assessments are linked with cycle numbers on the Colonial Pipeline schedule.

The 18 new assessments are:

AAXTA00 Line space for gasoline on Line 1 AAXTACY The Colonial cycle number for which Line 1 space is assessed for gasoline AAXTA03 The monthly average for line space for gasoline on Line 1 AAXTC00 Line space for gasoline on Line 1 and Line 3 AAXTCCY The Colonial cycle number for which Line 1 and Line 3 space are assessed for gasoline AAXTC03 The monthly average for line space for gasoline on Line 1 and Line 3 AAXTB00 Line space for gasoline on Line 3 AAXTBCY The Colonial cycle number for which Line 3 space is assessed for gasoline AAXTB03 The monthly average for line space for gasoline on Line 3 AAXTD00 Line space for distillates on Line 2 AAXTDCY The Colonial cycle number for which Line 2 space is assessed for distillates AAXTD03 The monthly average for line space for distillates on Line 2 AAXTG00 Line space for distillates on Line 2 and Line 3 AAXTGCY The Colonial cycle number for which Line 2 and Line 3 space are assessed for distillates AAXTG03 The monthly average for line space for distillates on Line 2 and Line 3 AAXTE00 Line space for distillates on Line 3 AAXTECY The Colonial cycle number for which Line 3 space is assessed for distillates AAXTE03 The monthly average for line space for distillates on Line 3

The assessments reflect the transfer of a minimum of 25,000 barrels of distillates or gasoline and are not limited to any specific product.

The buyer of the line space determines which product is shipped.

The shipper delivers product to the buyer on an FOB basis at line origin and takes delivery CIF at destination. The shipper retains line space history.

The buyer of Colonial Pipeline line space is responsible for all tariffs, fees or line loss associated with the shipment.

Frozen cycles and spur lines are not part of the assessments.

Please send any further feedback to americas_products@platts.com and pricegroup@platts.com.

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