Clarifying position on part cargoes of USLD, gasoil

Platts CIF European ULSD and gasoil assessment processes reflect bids, offers and trades that allow a seller to deliver oil from a part cargo providing the vessel was named at the time sale, either as a named vessel in the offer or by hitting a bid with a named vessel.

Additionally, when selling on a part cargo basis, any seller must commit to supplying the performing volume in segregated tanks with separate BLs.

The seller must also commit to discharging any additional volume, above the contractual volume, prior to discharge of the main cargo and also protect the buyer against any additional freight exposure caused by delivering on a part cargo basis.

When supplying on a part cargo basis the seller must provide a vessel commensurate with typical trade patterns in that market.

Comments please to europe_products@platts.com with a CC pricegroup@platts.com.