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19 Aug 2014 | 09:26 UTC — London
Platts would like to remind readers that it will lower the maximum reference Reid Vapor Pressure (RVP) for winter specification gasoline in its FOB and CIF Mediterranean 10 ppm gasoline assessments with effect September 8, 2014. Under this change, which was proposed by Platts on March 17 and confirmed on May 20, Platts Premium Unleaded 10 ppm FOB Mediterranean and CIF Mediterranean gasoline cargo assessments will reflect a maximum RVP of 80 kPa, down from a maximum RVP of 90 kPa previously assessed. Platts generally announces a phase-in period for the summer and winter grades on cargoes and barges, in which the incoming seasonal grade is given an increasing weighting in the assessment with gasoline cargoes assessed 10-25 days forward. Based on the typical phase-in period, Platts confirms that effective September 8, 2014 Platts will start reflecting winter grade of gasoline on a pro-rated basis with the assessed cargo loading period being September 18 to October 3. The winter grade reflected would have a maximum RVP of 80 kPa. September 10 would be the first working day on which winter gasoline can be bid or offered and September 16 being the last working day on which summer gasoline can be bid or offered. Platts welcomes further feedback and questions to europe_products@platts.com, with a cc to 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.