Platts proposes to add Flushing, Ghent as load ports in ULSD FOB ARA cargo assessment process

Platts, part of S&P Global Commodity Insights, proposes to add Flushing and Ghent as load ports reflected in its FOB ARA ULSD Cargoes Market on Close assessment process, effective Oct. 6, 2025.

This follows the launch of Platts FOB ARA ULSD cargo assessment on Sept. 23.

Market feedback has indicated that Flushing and Ghent are significant export locations for diesel, able to accommodate vessels of size commensurate with typical FOB loadings in the region.

Under the proposal, Platts would publish offers specifying Flushing or Ghent as a load port but normalize them back to the basis of the assessment, which remains Amsterdam-Rotterdam-Antwerp.

Following the proposed inclusion of Flushing and Ghent as load ports in the FOB ARA ULSD Cargoes MOC, upon performance of a publishing deal basis an ARA bid, a seller may nominate Flushing or Ghent, subject to a freight differential. A buyer should not unreasonably withhold this option.

Freight compensation should reflect the demonstrable incremental freight incurred and in line with prevailing market rates.

Upon the performance of a published deal based on an offer where Flushing or Ghent are not specified as a load port, the seller may not unilaterally nominate either Flushing or Ghent without the buyer's mutual agreement.

Please note that the load port can be amended where applicable post-trade, subject to mutual agreement between counterparties.

Please send feedback to europe_products@spglobal.com and pricegroup@spglobal.com by Oct. 1, 2025.

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.