Subscriber note: Platts to rename European fuel oil swaps from January 2, 2014

Further to earlier announcements and following a period of feedback and review, Platts will rename its existing FOB ARA fuel oil 3.5% barge swaps, FOB ARA fuel oil 1% barge swaps and related derivatives assessments to reflect "FOB Rotterdam" as their basis location with effect from January 2, 2014. The renaming better aligns the assessment from the underlying physical markets used to settle the derivatives. Rotterdam has always been the basis location for Platts physical high sulfur fuel oil barge assessments. The assessments are published on Platts Forward Curve Europe, an add-on information service to Platts Global Alert. A list of pages carrying FOB ARA fuel oil swaps assessments is provided below.

PAGE NUMBER CONTENT 1684 Platts Fuel Oil 1% FOB ARA Barge and Brent Crack Swaps 1687 Platts Fuel Oil 3.5% ARA/Med Diff Swaps 1680 Platts Fuel Oil 3.5% FOB ARA Barge and Brent Crack Swaps

Please send any comments or queries to europe_products@platts.com and pricegroup@platts.com.