CLARIFICATION NOTE: Iranian-origin statement Platts methanol assessment process

Following extensive discussions and feedback from market participants, S&P Global Platts wishes to clarify that where a seller intends to deliver methanol of Iranian origin, this should be clearly stated at the time of submitting an offer for publication by Platts as part of the Market on Close assessment process. As highlighted in a clarification note published on March 22, 2018, a seller may not assume that a buyer has the obligation to buy embargoed materials, as laws stating that nationals from specific countries may not buy products from embargoed countries and this may prevent market participants from lawfully executing transactions. A buyer is not expected to unreasonably reject an Iranian origin cargo nominated by a seller. Platts assessments aim to reflect the market value of merchantable material in all instances. Platts accepts that individual companies may have trading limits with counterparties and that national legislation may prevent companies from dealing in materials of certain origins. Such counterparty issues are dealt with on a case-by-case basis. The full March note is available here: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/032218-cl arification-note-clarifying-embargoed-materials Please send all comments or questions to petchems@spglobal.com and pricegroup@spglobal.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 to the public upon request.