SUBSCRIBER NOTE: Platts to change Propane FOB Seagoing assessment

Following an extensive review with market participants, Platts will make a number of changes in its Propane FOB Seagoing pressurized assessment effective January 3, 2017.

Platts will standardize the name of the assessment across all publications and update the basis location. This announcement follows a proposal subscriber note published on May 27, 2016.

NAME OF ASSESSMENT: In certain publications Platts describes this assessment as Propane FOB Seagoing. Platts will standardize this to "Propane FOB NWE Seagoing".

LOADING BASIS: Platts will also reflect a basis port of Tees, UK. Platts will reflect bids, offers and transactions from the Northwest European region. The current standard reflects an area represented by a triangle with Wilhelmshaven, Germany, Teesside, UK, and Le Havre, France, as its three corners.

Platts welcomes feedback and questions to europe_products@platts.com, with a cc to pricegroup@platts.com. For written comments, please provide a clear indication if the 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.