SUBSCRIBER NOTE: Platts proposes discontinuation of non-standard Urals load ports for CIF Rotterdam, Augusta assessments

Platts proposes to discontinue its non-standard loading ports for Urals basis CIF Rotterdam and Urals basis CIF Augusta with effect from January 3, 2017.

Platts is inviting feedback on this proposal, including the proposed timeline for implementing the change.

Platts has observed a lack of liquidity in Urals crude loading from ports outside of the main terminals of Primorsk, Ust-Luga and Gdansk in the Baltic Sea, and Novorossiisk in the Black Sea.

There have been limited or no loadings of the grade at the Baltic Sea ports of Butinge and Murmansk, and the Black Sea ports of Odessa, Yuzhny, Theodossia, Kavkaz and Kerch, which were all once regular export terminals for Urals,

As a result, Platts would only reflect loadings from Primorsk, Ust-Luga and Gdansk in the Baltic Sea, and Novorossiisk in the Black Sea in its CIF assessments after this update.

Please send any comments or questions to europe_crude@platts.com and pricegroup@platts.com by November 7, 2016.

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.