Gasoline FOB cargo tolerance

Effective May 1, 2011, Platts will only publish gasoline FOB cargo bids that limit a counterparty's price exposure to operational tolerance.

Platts will accept FOB cargo bids that relate the operational tolerance element of the pricing formula to after the loading dates. For example: Alpha Trading bids for 25-30 kt loading 1-5 April basis Santa Panagia Bay, pricing 25 kt at $1000/mt with balance priced at average of Platts FOB MED gasoline pricing five days after B/L.

Comments please to: europe_products@platts.com with a Cc to pricegroup@platts.com