SUBSCRIBER NOTE: Platts proposes changes to Butane FOB West Med assessment

Following an extensive review with market participants, Platts proposes to make a number of changes in its Butane West Med FOB Ex-Refinery/Storage pressurized assessment. These changes would be effective from January 3, 2017.

Under these changes Platts would standardize the name of the assessment across all publications, update the volume assessed and clarify its position on bids into Lavera, France.

NAME OF ASSESSMENT: In certain publications Platts describes this assessment as Butane W Med FOB Ex-Refinery/Storage. Platts proposes to standardize this to Butane FOB West Med Coaster.

VOLUME ASSESSED: Platts also proposes changes to the volume under assessment, from a minimum of 2,500 mt plus or minus 5% tolerance to 1,600 mt plus or minus 5%.

LOADING BASIS: Platts proposes to continue to reflect bids where the buyer is willing to load in a different location to the basis port of Lavera, subject to potential freight compensation. Under the proposal, restrictive bids basis only Lavera would no longer be considered for assessment.

Platts welcomes feedback and questions to europe_products@platts.com, with a cc to pricegroup@platts.com. The consultation period will run until July 29, 2016.

For written comments, please provide a clear indication if the 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.