SUBSCRIBER NOTE: Merchantability of Singapore fuel oil in Platts MOC

Platts would like to remind market participants that Platts oil assessments reflect product meeting the parameters detailed in its published methodology, with a requirement that oil must reflect broadly merchantable quality.

Any fuel oil cargo delivered as a result of a transaction completed and reported during the Platts Market on Close assessment process should be merchantable, including 180 CST fuel oil, which regularly moves within the utility and bunker markets.

Among other characteristics, fuel oil should not contain Used Lubricants Oil, or ULO, which would render fuel oil undeliverable into the bunkering market. Platts does not reflect fuel oil cargoes in its assessment process where ULOs are determined to be present.

Please provide comments or feedback to asia_oilproducts@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.