Platts clarifies gasoline 10 ppm CIF NWE assessment

Platts reminds its subscribers that its assessments reflect oil grades that are of a merchantable quality.

As stated in Platts published methodology, "cargoes must at all times be deemed to fall within industry standards including merchantability of the product."

Within the gasoline 10 ppm CIF NWE assessment, Platts reflects cargo bids and offers that enable companies to operate within the guidelines of the Renewable Transport Fuels Obligation (RTFO).

Bids and offers reflect material with a maximum evaporation (E70) of 43% in winter specification material and 41% in summer specification material.

Offers of material with a higher evaporation (E70) level should state the maximum limit in the offer.

Comments please to europe_products@platts.com with a CC to pricegroup@platts.com.