18 Oct 2013 | 09:36 UTC — Singapore

Clarification Note: Nomination of non-commensurate vessels

Platts would like to remind market participants that nomination of "non-commensurate" vessels should not expose the seller to incur additional costs associated with the large-sized vessels. The buyer has the right to nominate a non-commensurate vessel to load a cargo traded via the Singapore market-on-close assessment process, while the seller has the obligation to accept a commensurate vessel and try to accommodate a non-commensurate vessel if the terminal scheduling permits. The seller's exposure to demurrage and laytime should not exceed the normal associated demurrage and laytime, if a commensurate vessel was nominated. Please send all queries and feedback to asia_oilproducts@platts.com and pricegroup@platts.com