Platts to launch South Asia VAM assessments

Following discussions with industry participants, Platts will launch from May 5, 2011 weekly vinyl acetate monomer assessments basis CFR South Asia.

Timing: Cargoes delivered up to 30 days forward from date of publication. Basis and port locations: CFR South Asia: India (Kandla, Mumbai). Cargo size: 1,000-2,000 mt. Terms and conditions: Credit usance of 90 days.

Quality specifications: Minimum purity of 99%.

For deals with non-standard usance, the value of the extra or reduced credit allowance will be factored into price assessments, based on prevailing interest rates calculated using the three-month London Interbank Offered Rate or LIBOR plus 1.5%.

For feedback and queries please contact Anton Ferkov at anton_ferkov@platts.com, Ihsan Rahim at ihsan_rahim@platts.com, Chua Sok Peng at sok_peng_chua@platts and Shahrin Ismaiyatim at shahrin@platts.com.