SUBSCRIBER NOTE: Platts proposes changes to propane FOB seagoing assessment

Following an extensive review with market participants, Platts proposes to make a number of changes in its European propane FOB seagoing 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 and update the basis location.

NAME OF ASSESSMENT: In certain publications Platts describes this assessment as propane FOB seagoing. Platts proposes to standardize this to "propane FOB NWE seagoing."

LOADING BASIS: Under the proposal, Platts would also reflect a basis port of Tees, UK. Platts proposes to reflect bids, offers and transactions from the Northwest European region. The current standard reflects an area represented by a triangle with Wilhelmshaven, Germany, Teesside, UK, and Le Havre, France, as its three corners.

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.