USAC residual fuel oil proposal feedback sought

Platts is seeking feedback on a proposal to change the basis and location of its US Atlantic Coast residual fuel oil cargo assessments beginning January 4, 2010.

Platts is proposing to change the basis and location to basis CFR New York Harbor. Currently, Platts assesses USAC residual fuel oil cargoes basis CIF Boston-Maryland range.

Under this proposal, bids, offers, and transactions that reflect delivery to locations beyond New York Harbor, ie Boston-Maryland range, would be normalized by using prevailing freight rates.

Please respond by November 16, 2009 with comments or questions to Tom Sosnowski, tom_sosnowski@platts.com, with a cc to pricegroup@platts.com.