Subscriber note: Platts to announce Forties de-escalator at 3pm London time

Platts plans to announce the sulfur de-escalator to be applied to Forties crude cargoes loading from November 1, 2012, and related instruments in the Platts North Sea assessment, at 3pm London time on Thursday, October 25. Platts announced in September that the sulfur de-escalator to be applied in Forties cargoes loading from October 1 was to be $0.35/barrel per 0.1% weight of sulfur over the 0.6% wt standard. Platts guidelines for its sulfur de-escalator use three significant figures for determination of sulfur-related payment. The test reflecting this figure should be the ASTM-D2622. Forties cargoes and all related instruments, including BFOE cash forwards, bid or offered through the Platts system must adhere to this standard. Please send comments to europe_crude@platts.com and pricegroup@platts.com.