Platts Europe product cargo assessments

Platts CIF refined product cargo assessments in Northwest Europe and in the Mediterranean reflect offers where the seller has the option to make final delivery on a vessel that had received its cargo on a ship-to-ship basis.

Should the seller elect to deliver a CIF cargo that has loaded on a ship-to-ship basis, the binding quantity and quality would be established on a ship's composite basis in the final delivering vessel.

The seller may not unreasonably withhold a buyer's request for title to transfer after the separation of the vessels involved in the ship-to-ship transfer.

Furthermore, Platts reflects offers which grant the buyer the option to request delivery into a vessel, rather than into a port.

Under these circumstances the quantity and quality as title and risk will pass in line with typical practices in CIF transactions.

Comments should be directed to europe_products@platts.com and pricegroup@platts.com.