SUBSCRIBER NOTE: Platts proposes to revise Asia SM standard operational procedures

S&P Global Platts is inviting feedback on a proposal to revise the styrene monomer standard operational procedures for FOB Korea, CFR China and CFR Taiwan, from August 17, 2017.

Platts proposes to implement the following standard operational procedures. FOB Korea: Buyer to declare half-month of loading on the 15th of the month prior to the month of loading. If the 15th of the month falls on a weekend or a holiday, then the half-month declaration will occur on the nearest business day prior to that weekend or holiday.

Seller to declare load port on the 16th of the month for H1 loading in the next month and on the last day of the previous month for H2 loading. If the 16th of the month or the last day of the month falls on a weekend, load port declaration will be done on the nearest business day prior to the 16th or the last day of the month. Buyer and seller mutually agree narrowing to a feasible 5-day maximum loading laycan. Buyer to nominate vessel 10 days maximum prior to the first day of the laycan.

CFR China/CFR Taiwan: Buyer declares discharge port any time before opening L/C. Seller nominates the vessel 10 days prior to the first date of the laycan.

The proposed changes will affect PCA codes: AAMFL00, PHASV03, AAMFN00, AAMFI00, AAMFK00, AAVMA04, PHACB00, PHBHE03, AAOSY00, PCA pages 215, 340 and the Asia Petrochemical Scan.

Please send any feedback or questions to petchems@spglobal.com and pricemethodology@spglobal.com by July 19, 2017.

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 those not marked as confidential available upon request.