SUBSCRIBER NOTE: Platts proposes nomination procedures for USGC MTBE

S&P Global Platts proposes adding nomination procedures to its US Gulf Coast MTBE methodology, effective July 15, 2019.

As part of the proposed nomination procedure, sellers would be able to offer in five-day laycans within the five-15 days forward assessment period in the Platts Market on Close assessment process.

The five-day laycans within the MOC process would be made up of a five-nine days forward front end, an eight-12 days forward mid-window and an 11-15 days forward back end.

After trading in the MOC, the seller would nominate the port and terminal in the USGC area and inform the buyer within five days of the first day of the five-day laycan. The buyer would then nominate the vessel and the loading dates within the five-day laycan, pending terminal acceptance.

Platts welcomes all feedback and questions on the proposed procedures through May 3, 2019.

Please send all comments, feedback and questions to americaspetrochemicals@spglobal.com and 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 to the public upon request.