SUBSCRIBER NOTE: Platts clarifies procedures for delivery of 3.5% CIF Med cargoes onto vessels

London (Platts)--20Jul2018/825 am EDT/1225 GMT S&P Global Platts wishes to clarify that buyers in the 3.5% Fuel Oil CIF Med cargoes Market on Close assessment process may request delivery onto multiple vessels, and such requests should not be unreasonably refused by the seller.

Platts understands that, in addition to delivery into shore tanks or a single vessel, delivery into multiple vessels is a recognized, if occasional, feature of this market.

In instances in which the buyer nominates multiple vessels to receive a cargo, ship-to-ship transfer costs would be for the buyer's account.

Platts expects the buyer to take delivery of the cargo during the original laycan period. Any demurrage costs due to late delivery of the cargo as a result of delivery onto multiple vessels should be for the buyer's account.

Please send all feedback and questions to europe_products@spglobal.com, with a cc to 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 all comments received and will make comments not marked as confidential available upon request.