CLARIFICATION NOTE: Nomination of non-commensurate vessels

Platts would like to remind market participants that nomination of "non-commensurate" vessels should not expose the seller to incur additional costs associated with the large-sized vessels.

The buyer has the right to nominate a non-commensurate vessel to load a cargo traded via the Singapore Market-On-Close assessment process, while the seller has the obligation to accept a commensurate vessel and try to accommodate a non-commensurate vessel if the terminal scheduling permits.

The seller's exposure to demurrage and laytime should not exceed the normal associated demurrage and laytime, if a commensurate vessel was nominated.

Please send all queries and feedback to asia_oilproducts@platts.com and pricegroup@platts.com.

Platts will consider all comments received and will make comments not marked as confidential available upon request.

This clarification note was previously published on October 18, 2013.