SUBSCRIBER NOTE: Platts confirms 50 ppm gasoil barge methodology change

Effective January 4, 2016, Platts confirms it will align certain parameters in its 50 ppm gasoil ARA barge methodology with diesel and 0.1% gasoil barges.

The announcement follows a proposal note published July 24.

Platts will assess barges with operational tolerance corresponding to up to 5% of the transacted volume. Currently, Platts does not include any operational tolerance in its 50 ppm gasoil ARA barge assessment.

Like in diesel and 0.1% gasoil, for floating bids and offers the operational tolerance of the barge will price at the mean of the subsequent three assessments published by Platts after bill of lading, at the same differential as the main volume.

Bids, offers and trades in Flushing and Ghent will be included for consideration in Platts assessments, with the basis of the assessment remaining Amsterdam, Rotterdam and Antwerp. Under current methodology, Platts does not reflect bids, offers and transactions in Flushing and Ghent, but a seller may elect to supply from Flushing and Ghent providing any additional freight costs are for the seller's account.

Finally, Platts will assess barges loading 3-15 days forward on Monday and Tuesday, and 5-15 days forward on Wednesday, Thursday and Friday. Currently, Platts assesses barges loading 5-15 days forward on every day of the week.

Please send any comments, questions or feedback to europe_products@platts.com and copy 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.