Subscriber note: Platts proposes to amend Europe VGO cargo sizes

Platts proposes to change the cargo size reflected in European low sulfur vacuum gasoil and high sulfur vacuum gasoil assessments with effect from July 1, 2013, to reflect an increasing role played by larger cargo sizes in the European VGO market. Under these proposed changes, Platts would updated the cargo size reflected in its European CIF cargo assessments to 15,000-35,000 mt, normalized to 30,000 mt. Platts likewise proposes to change the cargo size reflected in European FOB LSVGO and HSVGO assessments to 15,000-35,000 mt, normalized to 30,000 mt, with FOB cargoes of up to 55,000 mt eligible for assessment when arbitrage openings make these a significant market factor. Platts currently assesses European CIF LSVGO and HSVGO cargoes of 10,000-25,000 mt; and European FOB LSVGO and HSVGO cargoes of 10,000-25,000 mt, with FOB cargoes of up to 50,000 mt eligible for assessment when arbitrage openings make larger cargoes a significant market factor. Platts will continue to monitor and review changes in spot trading patterns in the European VGO markets. This will include such factors as location, interdependence on other assessments and so on. Please send comments by June 4 to europe_products@platts.com with a cc to pricegroup@platts.com.