SUBSCRIBER NOTE: Platts corrects February 11 diesel cargo rationales

Platts has corrected the February 11 CIF Northwest European and Mediterranean ultra low sulfur diesel cargo assessment rationales in line with the revised assessments for the day.

The rationales, published in the European Marketscan and on PGA pages 1456 and 1467, should read as follows:

The CIF Northwest Europe (ARA) ultra low sulfur diesel cargo assessment was based on the following inputs: An outstanding offer for delivery between February 28 and March 7 proved competitive at an equivalent discount of $4.81/mt to front-month low sulfur gasoil futures. A bid into Amsterdam for March 3-7 dates also proved competitive. A 27 cents/day contango structure was applied over alternative dates, as implied by the underlying swaps curve.

The CIF Mediterranean ultra low sulfur diesel cargo assessment was based on the following inputs: An outstanding bid for delivery between February 27 and March 2 proved competitive at an equivalent premium of $5.70/mt to front-month low sulfur gasoil futures. An outstanding bid for delivery from March 2-6 proved competitive at an equivalent premium of $6.32/mt to front-month low sulfur gasoil futures. An outstanding offer for delivery between February 27 and March 7 proved competitive at an equivalent premium of $5.52/mt to front-month low sulfur gasoil futures. Value was taken as the mid-point between the bids and the offer and a 14 cents/day contango structure was applied across the front of the curve.