Platts proposes assessing 10ppm gasoil CFR Australia

Platts proposes to launch assessment of 10 ppm sulfur gasoil basis CFR Australia, effective May 18, 2009.

This price will be a netback to Platts' daily assessment of 10 ppm sulfur gasoil FOB Singapore, which was started on November 3, 2008.

Delivered prices CFR Australia will be derived by adding freight costs to 10 ppm gasoil assessments FOB Singapore.

Singapore-Australia (Melbourne/Sydney) clean tanker freight rates can be found in Platts Clean Tankerwire, and on Platts Global Alert (PGA).

Platts invites questions and comments on this proposal by May 4, 2009, emailed to asia_products@platts.com and pricegroup@platts.com.