SUBSCRIBER NOTE: Platts proposes 500 CST FOB Rotterdam barge assessment

Platts proposes to launch a new assessment for 500 CST, 3.5% sulfur fuel oil barges, trading on an FOB basis Rotterdam. The new assessment, which Platts proposes to launch August 1, 2014, would be published alongside all existing Rotterdam fuel oil barge assessments, and separately from a proposed new 500 CST bunker fuel assessment. The specification typically reflected in the new assessment will typically conform to ISO 8217: 2010 specifications, category ISO-F, RMK 500. Specification and assessment parameters will be detailed in Platts Europe and Africa Refined Oil Products Methodology and Specifications Guide at the time of launch. The new assessment will generally follow the standards that prevail for existing Platts RMG 380 CST fuel oil barge assessments. The assessment will reflect the value of barges at 4:30 pm London time, for oil loading 3-15 days forward on Monday-Tuesday, and 5-15 days forward on Wednesday-Friday. During UK public holidays this schedule and time may change and Platts will publish changes to its typical publishing schedule when the need arises. The assessment will reflect barge sizes of 2,000 mt. Participants of the Platts Market On Close assessment process will be able to bid, offer and express interest to trade RMK 500 CST barges, FOB basis Rotterdam, in front-end, middle-window and back-end loading ranges (FE, MW and BE, respectively), as in Platts other European fuel oil barge markets facilitated through the MOC assessment process. Please send any comments or questions by June 30, 2014 to europe_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.