Clarification on Americas bunkers methodology

Platts' assessment methodologies for Americas bunker fuel reflect the prevailing market price at 3:15 pm Eastern Time.

Platts also takes into its editorial consideration bids, offers and transactions seen during the assessment day.

These inputs are analyzed and normalized to reflect Market on Close at 3:15 pm ET.

Platts editors report bunker fuel trading activity throughout the day; all openly negotiated and verifiable arms-length transactions will be relevant for the assessment process unless they are superseded by repeatable trading activity leading to the MOC at 3:15 pm ET.

Platts adopted this MOC approach for its Americas bunker fuel assessments on October 2, 2006.

Due to the time-sensitive nature of the Platts MOC assessment process, market participants should report the time a deal is consummated along with all other relevant deal information, including volume, estimated time of arrival (ETA), quality, and if the bunker fuel was sold in conjunction with 180 CST or marine diesel/gasoil.

Please contact Esa Ramasamy, esa_ramasamy@platts.com, with a cc to pricegroup@platts.com.