Platts to launch Clean MR US Gulf Coast Demurrage assessment

Following market feedback, S&P Global Platts will launch a new US Gulf Coast clean Medium Range demurrage assessment, basis 38,000 mt, effective September 1, 2020.

Platts first proposed this new assessment in a subscriber note published June 17: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/061720-platts-proposes-to-launch-fob-usgc-clean-mr-demurrage-assessment-sep-1.

The new assessment will reflect the daily lump-sum demurrage rate for standard voyages on Medium Range clean tankers loading on the US Gulf Coast, typically loading 38,000 mt cargoes 3-10 days forward.

The assessment, and associated monthly average, will be published in dollars/day.

These assessments will be published on Platts Global Alert pages 1912 and 1913; on Platts Shipping Alert pages 2320 and 2321; in the Clean Tankerwire; and in the Platts price database under the codes above.

Please send any further feedback or questions to shipping@spglobal.com and pricegroup@spglobal.com.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing.

Platts will consider comments received and will make comments not marked as confidential available to the public upon request.