SUBSCRIBER NOTE: Platts corrects February 18 NWE Jet cargo rationale

Platts has corrected the February 18 CIF Northwest European Jet cargo assessment rationale, not the assessment.

The rationale is published in the European Marketscan and on PGA page 1492. It should read as follows:

The CIF Northwest Europe jet fuel cargo assessment was derived using the following inputs from the Platts Market on Close assessment process: a trade on a competitive CIF basis Rotterdam offer March 2 which calculated to a $21/mt premium to the front-month ICE low sulfur gasoil futures contract; a competitive CIF basis Isle of Grain bid over March 4-12 dates which, after normalization for location, calculated to $24.34/mt; a second competitive CIF basis Rotterdam offer over March 4-6 dates which, after normalization for vessel approvals, calculated to $23.50/mt; and a third CIF basis Rotterdam offer competitive over March 7-12 dates which, after normalization for vessel approvals calculated to $24.30/mt. Over assessment dates where value was not defined between competitive physical bids and offers, value was interpolated by the physical and forward curve structure. A $1.46/mt daily contango structure was implied between March 2-4 between physical indications, while a 21 cent/day contango was applied across the remaining curve dates derived from the forward curve structure.