Subscriber note: Platts consults on impact of EU-GSP on jet fuel

Platts is opening a consultation on the potential impact on Europe's jet fuel markets of the European Union's new Generalized Scheme of Preferences (GSP), announced last October and due to come into effect from January 1, 2014. Platts reflects market conventions in its Jet CIF Northwest European physical cargo assessment, and assessments currently reflect EU-qualified jet fuel, free from import taxes. Under the new GSP regime, imports from several key suppliers of jet fuel to Europe will become non EU-qualified, carrying a 4.7% duty from January 1. Platts is studying whether and how its European jet fuel assessment methodology should evolve to reflect these changes in market environment, and welcomes all comments to europe_products@platts.com, with a cc to priegroup@platts.com. Please send all comments by September 3, 2013. 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. Additionally, Platts intends to create a repository on its jet fuel microsite -- platts.com/jetfuel -- for those wishing to submit written comments for public view.