Subscriber note: Platts proposes modification to Asian isomer-MX credit terms

Platts invites industry feedback on its proposal to modify the credit terms for Asian isomer-grade mixed xylene FOB Korea and CFR Taiwan assessments. Under current Platts methodology, FOB Korea assessments are assessed based on letter of credit at sight. Platts proposes to modify this to LC 30 days. Platts also proposes that the credit term for CFR Taiwan assessments, currently based on LC 30 days, to be modified to LC 30 days for Asia origin cargoes and 60 days LC for deep-sea origin cargoes. Please send any queries or comments to pl_asia_petchem@platts.com with a copy to pricegroup@platts.com by July 26, 2013.