SUBSCRIBER NOTE: Clarification on Platts New York Harbor jet fuel cargo assessment

Platts reminds market participants that Platts oil assessments reflect product meeting the parameters detailed in its published methodology, which includes a requirement that fuel bid and offered should reflect merchantable quality and terms.

Jet fuel cargoes bid and offered in New York Harbor may be considered non-merchantable for a variety of reasons, including but not limited to a lower flashpoint than the regional norm (108 degrees Fahrenheit) and situations when the material contains blends that are not normally and customarily associated with the qualities of the product.

For instance, New York Harbor jet fuel cargo assessments typically reflect Jet A fuel that does not contain antistatic additives, which meets the Buckeye pipeline quality.

Additionally, the NYH jet fuel assessment reflects a delivered cargo market where the buyer nominates the terminal and the seller is responsible for delivering oil on a vessel that will fit likely terminals and jetties within the port.

Please send any comments or questions to americas_products@platts.com and pricegroup@platts.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.