CLARIFICATION NOTE: Platts clarifies standard terms and conditions of Asian PX assessment

Platts clarifies the following operational dates, procedures, and specifications for the Asian paraxylene assessment as follows:

Standard operational procedure (CFR Taiwan/China): On the 15th calendar day of the month prior to the month of delivery, the seller declares half-month of delivery and the buyer declares discharge port. Seller nominates vessel 10 days prior to 1st day of the half month of delivery. Letter of credit or usual payment terms and standards to apply.

Standard operational procedure (FOB Korea): On the 15th calendar day of the month prior to the month of loading, the buyer declares the half-month of loading, and the seller declares the port of loading. Buyer to nominate vessel 10 days prior to the first day of the half-month laycan. Buyer to declare 5-day loading laycan 10 days prior to the first day of the half-month laycan. Letter of credit or usual payment terms and standards to apply.

Platts assessment specifications for Asian paraxylene reflect a minimum purity of 99.7%, conforming to international standards and equivalence.

Please direct any questions or comments to petchems@spglobal.com with a copy to pricemethodology@spglobal.com. Please provide a clear indication if comments are intended for publication by Platts for public viewing. Platts will consider all comments received and will make these comments available on request.