SUBSCRIBER NOTE: Platts to launch Middle East 10 ppm sulfur gasoil assessment Apr 1

Platts confirms it will launch a Middle East assessment for 10 ppm sulfur gasoil April 1, 2015.

This follows the growth in production and trade of the 10 ppm sulfur grade in the region.

In line with Platts existing FOB AG gasoil assessments, this new assessment would be based on adding an assessed sulfur differential to Platts outright FOB AG Gasoil assessment, which is a freight netback from Platts outright FOB Singapore Gasoil assessment, both of which represent 500 ppm sulfur gasoil.

Platts will publish a cash differential for the 10 ppm sulfur gasoil grade representing the price buyers are willing to pay over and above the benchmark FOB Arab Gulf Gasoil assessment around loading dates.

The new assessments would be published in Platts Asia-Pacific/Arab Gulf Marketscan, on Platts Global Alert pages 2004, 2005, 2404, 2420 and in the Platts price database.

Platts will also publish monthly price averages on Platts Global Alert pages 2405 and 2421.

The new assessment will reflect the specifications detailed below.

Platts invites feedback around these specifications, particularly cetane and cold flow properties.

Platts may review these specifications in response to regional suitability.

Parameters Unit 10 ppm Test Methods Acid Number, Total Max mg KOH/g 0.3 ASTM D664

Appearance @ 25C Pass Procedure 1 Visual test Clear ASTM D4176 Proc 2 & bright, without undissolved sediment or free water Ash content Max %weight 0.01 ASTM D482, EN ISO 6245

Cetane Index Min Range 0 46 ASTM D4737, EN ISO -100 4264 Cetane Number Min Range 0 51 ASTM D613, EN ISO 5165 -100 Conradson Carbon Max % mass 0.2 ASTM D4530, EN ISO Residue 10370 (10% distillation) CFPP (Cold filter Max C Minus 5 EN 116 / IP 309 plugging point)

Cloud point Max C Minus 1 ASTM 2500, ISO 3015- 92, JIS K 2269-87, EN 23015 Colour Max Grade 2 ASTM D1500, IP 196

Conductivity Min pS/m 150 ASTM D2624, EN ISO @ 20C 6297:1997

Copper corrosion Max Class 1 ASTM D130, EN ISO 2160 (3 hrs @ 50C)

Density @ 15C Min-Max g/ml 0.820-0.845 ASTM D4052, EN ISO 3675 Distillation T95 Max C 360 ASTM D86, EN ISO (95% recovered) 3405:1998 Distillation volume Max % 65 EN ISO 3405:1998 recovered @ 250C

Distillation volume Min % 85 EN ISO 3405:1998 recovered @ 350C

Filter blocking Max 2 ASTM D2068, IP 387 tendency

Flash point Min C 66 ASTM D93, EN 22719

Kinematic Min-Max cSt 2.0-4.5 ASTM D445, EN ISO 3104 viscosity @ 40C

Lubricity (HFRR) Max microns 460 ASTM D6079, IP 450, (WSD 1,4) @ 60C ISO 12156-1

Odour Merchantable Oxidation stability Max mg/L 25 ASTM D2274, EN ISO 12205 Particulate matter Max mg/kg 24 EN 12662

Polyaromatic Max %weight 11 IP 391:1995 hydrocarbons (PAHs) Sulfur content Max ppm 10 ASTM D5453, EN ISO 20846/7 & 20884

Water content Max mg/kg 200 EN ISO 12937

Water & sediment Max % volume 0.05 ASTM D2709

Please send any comments or queries to asia_products@platts.com and pricegroup@platts.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.