SUBSCRIBER NOTE: GT&Cs, bilateral credit terms in Singapore petchem Platts MOC

The Singapore Platts Market on Close assessment processes for petrochemical products, including CFR India methanol, reflect bids and offers that are executable under normal conditions and reflect typical trading practices.

Companies' general terms and conditions and bilateral credit terms with counterparties are normally recognized in the Platts MOC process, provided they are consistently applied and accepted as part of normal trading practice.

Companies participating in the Singapore MOC processes are expected to perform on trades reported in the MOC based on typical bilateral credit terms and GT&Cs that have been applied and accepted by both counterparties in the open market for the specific product.

If an offer is lifted by a buyer during the MOC process, S&P Global Platts would expect typical GT&Cs and bilateral credit terms between both parties to be applicable.

For CFR India methanol assessment processes, Platts will not publish bids or offers that state specific credit relationships to be applied universally, since this may imply non-standard execution with individual counterparts.Bids and offers submitted for inclusion in the MOC process will reflect the value of 30 day LC payment terms.

A company may have different credit terms when acting as a buyer or a seller with individual counterparties, and Platts expects these terms to also reflect standard credit relations between the counterparties in the open market.

On reporting a CFR India-based methanol trade to Platts via the MOC assessment process, counterparties are expected to confirm the deal and corresponding mutually agreed payment terms to Platts promptly.

Please send all comments, feedback and questions to Asia_Petchem@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.