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About Commodity Insights
22 May 2014 | 11:08 UTC — London
Platts editorial processes require full clarity when communicating bids/offers and intentions to trade. When expressing an intention to hit a bid or lift an offer in the European Market on Close assessment processes any message should include the specific price of the trade and the name of the counterparty. Wide laycan dates should also be narrowed by the buyer/seller where applicable. In the case of middle distillate barges, buyers should provide the volume at the time of lifting an offer, e.g.: "Buyer 1 wants Seller 1 ULSD barge offer at September +$25/mt for 2kt", would be best practice. Platts reserves the right not to publish indications to trade that do not meet the above conditions.