Platts clarifies guidelines on ETA notices in Asia LNG MOC trades

S&P Global Platts wishes to clarify guidelines regarding the initial notice of estimated date and time of arrival (ETA) to the discharge port in its Market on Close assessment process for LNG in Asia, including the JKM, WIM and MEM assessments.

For a cargo delivered against an MOC trade, the seller must ensure that an ETA notice of the nominated LNG ship to the discharge port is provided to the buyer upon the ship's departure from the loading port, or as soon as reasonably possible.

If such a departure occurs prior to the nomination of a LNG ship, the seller must ensure the initial ETA notice is given as soon as reasonably possible.

The seller must also notify the buyer of any material changes to the ETA as soon as the seller is aware of these changes.

This follows observations and industry feedback that standard trade in this market generally includes a requirement for sellers to ensure initial ETA notices are given promptly upon the ship's departure from the loading port.

Please send any comments, questions or feedback to LNGeditorialteam@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.