SUBSCRIBER NOTE: Platts to assess European East-West fuel oil spreads

Platts proposes to launch a assessments for the value of East-West fuel oil swap spreads with effect from January 2, 2015. These East-West fuel oil spreads represent the difference between the comparable month's 180 CST Singapore Fuel Oil and FOB Rotterdam 3.5% Fuel Oil Barge swaps, at 16:30 London time.

Platts proposes to add these assessments to its existing fuel oil derivative suite in order to enhance its coverage of the fuel oil market and better represent the key high sulfur fuel oil arbitrage route between Europe and Asia.

Platts proposes to publish assessments for three full calendar months ahead of the date of publication. Platts will publish bids, offers and interest to trade the East-West Fuel oil Spread in the Platts Market on Close assessment process. Please send any comments or questions to europe_derivatives@platts.com and pricegroup@platts.com by December 1, 2014. 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.