SUBSCRIBER NOTE: Japan domestic waterborne oil products eWindow launch on Sep 26

Following extensive consultation with industry participants, Platts plans to facilitate the Market on Close assessment process for five oil products for three locations through eWindow technology from September 26, 2016. The five oil products are gasoline, kerosene, gasoil, low sulfur A fuel oil and high sulfur A fuel oil, while the locations will be Tokyo Bay, Chukyo and Hanshin, in line with the current methodology for the Japan waterborne oil products. Participants in the Platts MOC assessment process will be able to submit bids or offers for publication directly through the eWindow software, or through an editor, who would then publish bids and offers using the software.

Bids, offers and trades for Japan Waterborne appear in the eWindow software under the product names "Platts Japan Gasoline 89 RON", "Platts Japan GO 10ppm", "Platts Japan Kerosene", "Platts Japan LSAFO", and "Platts Japan HSAFO". Headlines generated by the software on Platts Global Alert carry the prefixes according to the product: Platts Japan Gasoline 89 RON, Platts Japan GO 10ppm, Platts Japan Kerosene, Platts Japan LSAFO, and Platts Japan HSAFO. Headlines will be posted on Platts Global Alert page 190 and on the Japan Dashboard on the website http://jpn.platts.com The eWindow software automatically matches bids and offers for Japanese domestic waterborne oil products when prices posted by companies that can mutually trade reach the same price level for the same product and loading dates, and a trade is reported. Platts assesses open origin cargoes. Unless otherwise stated, bids and offers entered into the eWindow software are expected to be performed on an open origin basis. If participants which to specify only ex-refinery supplies, they may enter this in their bid or offer. However, the software will match bids and offers with differing terms. Should participants wish to bid or offer through the level of a standing offer or bid with alternate terms, they should notify Platts editors who can manually publish the new price level without matching.

Platts expects credit relationships that prevail inside its assessment environment to fully reflect relationships in the market as a whole. Where Platts editors publish bids and offers on behalf of a company that submits data to an editor, counterparty credit settings are set to "open" for regular participants in the assessment process, unless companies have notified Platts in advance of any restrictions.

If you are submitting information through an editor and have not already notified Platts of any counterparty credit restrictions, please provide notification at least one hour prior to the start of the MOC process if any counterparty credit filters need to be modified.

eWindow provides direct entry and management of credit filters, which should be those normally applied in the marketplace, for companies participating directly through the software. Platts provides training to participants interested in learning the use of the software.

Please send all feedback and comments to oilgroup@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 upon request.