SUBSCRIBER NOTE: Platts proposes to amend European VGO specifications

Effective October 1, Platts proposes to amend and update the specifications it reflects in its European high and low sulfur VGO assessments. From October 1 onwards, Platts intends to reflect the following specifications in its high sulfur VGO assessments: Sulfur: 2% max; Density: 0.92 g/ml max; Metals: Iron 2 ppm max, Sodium 2 ppm max, Nickel 1 ppm max, Copper 1 ppm max, Vanadium 1 ppm max; CCR: 0.5% max; Nitrogen: 1,700 ppm max; Pour point: 45 degrees C max; Flashpoint: 95 degrees C min; Aniline: 75 degrees C min; Asphaltenes: 700 ppm max; Tan: 0.5 mg KOH/g max. Platts current HSVGO specifications read: 2% maximum sulfur, specific gravity 0.900-0.920 g/ml. From October 1 onwards, Platts intends to reflect the following specifications in its LSVGO assessment: Sulfur: 0.7% max; Density: 0.92 g/ml max; Metals: Iron 2 ppm max, Sodium 2 ppm max, Nickel 1 ppm max, Copper 1 ppm max, Vanadium 1 ppm max; CCR: 0.5% max; Nitrogen: 1,700 ppm max; Pour point: 45 degrees C max; Flashpoint: 95 degrees C min; Aniline: 85 degrees C min; Asphaltenes: 700 ppm max; Tan: 0.5 mg KOH/g max. Platts current LSVGO specifications read: 0.5-0.6% sulfur, specific gravity 0.900-0.920 g/ml. Platts will continue to consider other merchantable LSVGO and HSVGO specifications in its assessment process, and may normalize to the updated specifications. Please send any comments or questions by August 30, 2014 to europe_products@platts.com and pricegroup@platts.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.