SUBSCRIBER NOTE: Platts inclusion of Tarragona in CIF Med ULSD and 0.1% cargo assessment MOC

London (Platts)--2Jul2018/504 am EDT/904 GMT S&P Global Platts has included Tarragona in its CIF Mediterranean ultra-low sulfur diesel cargo as well as 0.1% CIF Med gasoil Market on Close (MOC) assessment processes with effect from July 2, 2018.

The launch follows a proposal announced in a subscriber note published on May 1, 2018 and available at https://www.platts.com/subscriber-notes-details/21926870 and a decision note published on June 15, 2018 and available at https://www.platts.com/subscriber-notes-details/26975044. Effective July 2, 2018, Platts publishes bids, offers and trades for CIF Mediterranean diesel and 0.1% gasoil cargoes into the Spanish disport of Tarragona.

The CIF Med ULSD assessment continues to reflect cargoes delivery CIF basis Lavera. Deliveries into alternative Mediterranean locations may continue to be considered in the assessment process and normalized to reflect value basis Lavera.

The CIF Med 0.1% Gasoil assessment will continue to reflect cargoes for delivery CIF basis Genoa. Deliveries into alternative Mediterranean locations may continue to be considered in the assessment process and normalized to reflect value basis Genoa.

The location will be added to eWindow functionality at a later date. In the interim, Platts would expect market participants wishing to bid or offer into the port via the eWindow software to select the generic "Port" hub and specify the port of Tarragona in the Terms, Quality and Conditions (TQC) box.

The CIF Med ULSD cargo assessment is published in the Platts European Marketscan and PGA page 1420 and is identified in the Platts price database under the code: AAWYZ00. The Gasoil 0.1% CIF Med cargo assessment is also published in the Platts European Marketscan and PGA page 1420 and is identified in the Platts price database under the code: AAVJJ00.

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