SUBSCRIBER NOTE: Platts changes USAC residual fuel oil cargo size

Following industry feedback, Platts has changed the cargo size considered for assessment of all residual fuel oil cargoes delivered in the US Atlantic Coast with effect from April 1, 2014.

Platts initially proposed to amend the size of cargoes reflected in its assessments in a subscriber note published on June 7.

Under the change, cargo sizes used for the assessment have been reduced from 120,000 barrels to 50,000 barrels.

This move brings Platts assessments more closely in line with current prevailing industry norms.

Spot barge availability in the Atlantic Coast has evolved in recent years, as larger barges have typically moved to the US Gulf Coast, leaving smaller barges in the USAC markets.

Platts continues to assess the market on a delivered basis.

Please send any further comments to americas_products@platts.com and pricegroup@platts.com.

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