SUBSCRIBER NOTE: Platts publishing FOB ARA 0.1% sulfur DMA spec MGO barge assessment

S&P Global Platts has begun publishing daily assessments for FOB Amsterdam-Rotterdam-Antwerp (ARA) Marine Gasoil barges of ISO 8217:2010-F-DMA specification, with maximum of 0.1% sulfur, effective Monday, June 3, 2019.

Loading dates: Platts assesses the value of MGO barges loading FOB ARA 3-15 days ahead on Monday and Tuesday, and 5-15 days ahead on Wednesday through Friday.

Clip size: Platts assesses the value of 1,000-3,000 mt parcels of MGO, with volume nomination in the buyer's option.

Trades for other sizes will also be taken into account and, where appropriate, normalized.

Loadports: All bids/offers and trades are published FOB ARA (Amsterdam-Rotterdam-Antwerp).

Upon a deal, a seller can nominate any standard terminal in ARA.

Pricing bases: Platts reflects all standard market practice in the existing trade of FOB MGO barges: EFP (ICE LSGO M1 and ICE LSGO M2), flat price, and Platts 0.1% gasoil barge-related.

Operational Tolerance: Platts reflects bids, offers and trades that limit a counterparty's price exposure to operational tolerance.

Operational tolerance is typically limited to plus or minus 5% of the transacted size for barges.

For floating and flat price indications, Platts deems the pricing of the operational tolerance to occur at the three quotations after Bill of Lading, with the same differential as the main volume, where applicable.

Platts also reviewed the possibility of reflecting a later ISO DMA specification, such as ISO 8217:2017 but found that ISO 8217:2010 was currently the most merchantable DMA specification.

Platts will continue to monitor the situation.

In order to publish a bid or offer in this MOC, market participants should send the indication to the following ICE Messenger account: platts_emea_lsfo.

Please send any comments or questions to europe_products@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.