SUBSCRIBER NOTE: Platts proposes to reflect Terneuzen in its FOB AR gasoline barge assessments

Platts proposes to reflect Terneuzen as a load port in its FOB Amsterdam-Rotterdam gasoline barge assessments starting from June 1, 2017.

After extensive feedback on the locations reflected in the assessment, this proposal would allow sellers to nominate Terneuzen for performance on FOB AR gasoline trades reported through the Market on Close process. Currently, gasoline barges reflect a basis location of AR.

Nominations for loading out of Terneuzen should not cause undue financial harm to a buyer, relative to receiving a nomination out of Amsterdam or Rotterdam. Any demonstrable incremental costs incurred by the buyer from a Terneuzen nomination should be borne by the seller in the MOC process.

This proposal does not add the facility as a basis port.

The oil terminal at the port has storage capacity of almost 475,000 cubic meters with transportation links that can be accessed by vessels of up to about 130,000 dwt, as well as facilities for barges, railcars, trucks and a pipeline connection.

Please send any comments and queries by May 1, 2017, to europe_products@spglobal.com with a cc to pricegroup@spglobal.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.