SUBSCRIBER NOTE: Platts to raise cargo sizes in CIF ARA diesel assessment

Platts will extend the range of cargo sizes reflected in its CIF ARA diesel assessment from 10,000-35,000 mt plus/minus 10% to 10,000-40,000 mt plus/minus 10% with effect from January 2, 2015. The announcement follows a middle distillates technical workshop hosted by Platts on April 28 in London and a formal proposal made on May 21. The basis of the assessment will remain 20,000 mt plus/minus 10%, but cargoes across the entire size range of 10,000-40,000 mt plus/minus 10% will also be considered. The current approach of normalizing price data for different cargo sizes back to the value of a 20,000 mt plus/minus 10% cargo will be maintained. Platts will continue to monitor market developments to ensure the assessment process reflects flows that become more prevalent and relevant in the European market. The following assessments will be affected by today's announcement: CIF ARA diesel cargoes (AAVBG00), CIF NWE (Le Havre) diesel cargoes (AAWZC00), CIF UK diesel cargoes (AAVBH00), FOB ARA diesel cargoes (AAVBF00), FOB NWE (Le Havre) diesel cargoes (AAWZD00). Please send any comments and queries 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.