Platts to eliminate use of hand blends in 0.5%S Marine Fuel, HSFO FOB Rotterdam barge MOC Oct. 2

Platts, part of S&P Global Commodity Insights, will eliminate the use of multi-tank blends, commonly referred to as hand blends, in trades reported through the FOB Rotterdam 0.5%S Marine Fuel and HSFO barge Market on Close assessment process, effective Oct. 2.

Through market feedback and performance tracking these are found to be rare and not in line with market standard due to quality concerns.

The decision followed market feedback from a consultation that began June 14 https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/061423-platts-opens-consultation-into-use-of-hand-blends-in-05s-marine-fuel-hsfo-fob-rotterdam-barge-moc and a proposal published July 26 https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/072623-platts-proposes-to-eliminate-use-of-hand-blends-in-05s-marine-fuel-hsfo-fob-rotterdam-barge-moc

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