Clarification on European CIF refined products

In European CIF refined product markets, Platts reflects bids and offers from companies that make every reasonable effort to perform on physical trades.

Among other things, Platts expects that a buyer would not order a vessel to berth at a port where there is a reasonable expectation of delay due to industrial action, unless the buyer commits to pay 100% of any demurrage incurred as a result of the industrial action.

Comments please to europe_products@platts.com.