SUBSCRIBER NOTE: Platts revises vessel performance in CIF ARA aromatics MOCs

S&P Global Platts has revised expectations surrounding vessel performance in its CIF ARA aromatics assessment windows, effective May 1, 2018.

For applicable assessments, Platts reflects bids, offers and intentions to trade whereby the seller commits to provide a minimum 1,000 mt parcel delivered CIF ARA on a barge.

The buyer should not unreasonably withhold the option for delivery on a larger vessel and the seller commits to demurrage and laytime commensurate to delivery of a 1,000 mt barge. (More details can be found in the European petrochemicals methodology and specifications guide under the section "Compensation")

Previously, the commitment to deliver was via a barge with any larger vessel deliveries contingent on mutual agreement with the buyer.

Please send any comments or questions to pl_petchems_ln@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 upon request.