Platts proposes to change payment terms of CIF Brazil P1020 aluminum assessment

S&P Global Platts proposes to change the payment terms of its CIF Brazil primary aluminum assessment to cash against documents from current net-30 day payment, effective August 28, 2020.

Platts has observed that the majority of product supplied on CIF Brazil basis requires cash payment against documents on arrival or up to 7 days prior to the arrival at the discharge port.

The change will apply to the following assessment:

Description: Aluminum CIF Brazil premium duty-unpaid Weekly

Weekly code: MMABP04

Monthly average: MMABP03

Yearly average: MMABP16

The assessment is published in the Metals Daily.

Any feedback, comments or questions regarding this proposal should be submitted to aluminum@spglobal.com and pricegroup@spglobal.com by July 31, 2020

Platts also welcomes any feedback about the DDP Southeast premium, which is currently normalized to net-7 to net-10 payment terms.

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.