SUBSCRIBER NOTE: Clarification of short options for Urals CIF Rotterdam cargoes

Platts considers bids and offers for Urals CIF Rotterdam crude cargoes which can include provisions for short options within the Platts Market on Close assessment process. Platts recognizes that a proportion of Urals cargoes loaded within the Baltic Sea are delivered to ports within the Baltic area. These include, but are not limited to, Brofjorden, Butinge, Gdansk, Gothenburg, Porvoo and Rostock. Platts will publish bids and offers that include short option delivery. Platts continues to reflect CIF Rotterdam as the basis for the Northwest European Urals assessment, and may normalize bids, offers and trades including short options back to this standard as appropriate. Please send any comments or questions to europe_crude@platts.com and pricegroup@platts.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.