Platts clarifies guidelines for Dated Brent CIF Rotterdam conversion to FOB

S&P Global Platts would like to clarify its guidelines around the conversion of Dated Brent CIF Rotterdam trades reflected in the Platts Market on Close assessment process to an FOB basis.

In the event a cargo is bought, CIF basis Rotterdam in the Platts MOC, requests by the buyer to convert to an FOB basis should be mutually agreed between the two counterparties.

These guidelines were previously clarified in a subscriber note published September 23, 2019, which can be found here:

https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/092319-platts-clarifies-dated-brent-cif-rotterdam-methodology

Please send all comments to europe_crude@spglobal.com and 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.