SUBSCRIBER NOTE: Platts confirms NWE diesel, gasoil barge standardization

Effective June 1, 2015 in the Platts NWE 0.1% gasoil and diesel barge Market on Close assessment process, Platts confirms it will reflect floating price bids, offers and transactions that price on the average of Platts mean assessments in the five-day laycan. The 5% operational tolerance of the barge will price at the mean of the subsequent three assessments published by Platts after bill of lading, at the same differential as the main volume.

Platts also confirms that the outright price bids, offers and transactions are to be applied to the main volume only. The 5% operational tolerance of the barge should price at the mean of the subsequent three assessments published by Platts after bill of lading.

The announcement follows a proposal note published March 30 and an amended proposal note published April 21.

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