Platts clarifies European FOB cargo nominations

Platts FOB Northwest European and FOB Mediterranean oil product cargo assessments reflect market activity where the seller nominates the loading terminal seven calendar days ahead of the first day of the five-day laycan.

Additionally, Platts reflects cargoes that stipulate the buyer must nominate the vessel seven calendar days ahead of the first day of the original five-day laycan.

Buyer must also narrow the five-day laycan to a three-day laycan at the same time.

Comments please to europe_products@platts.com, with a cc to pricegroup@platts.com.