27 Oct 2015 | 07:12 UTC — London

SUBSCRIBER NOTE: Platts to launch Nigeria, Canary Islands bunker assessments

Platts will launch assessments for 380 CST and 180 CST bunker fuel and marine gasoil (MGO) in Offshore Nigeria and the Canary Islands with effect from January 4, 2016. The new assessments will reflect specifications conforming to ISO 8217: 2005. The 380 CST and 180 CST assessments will reflect material with a maximum sulfur content of 3.5%. The Canary Islands MGO assessment will reflect material with a maximum sulfur content of 0.1%. The Offshore Nigeria MGO assessment will reflect material with a maximum sulfur content of 1.5%. Specification and assessment parameters will be detailed in Platts' Europe and Africa Refined Oil Products Methodology and Specifications Guide at the time of launch. The new assessments will reflect material for delivery 1-8 days forward. The new Canary Islands assessments will typically be assessed at parity to Platts existing Las Palmas/Tenerife assessments. Platts will publish these new assessments in Bunkerwire and Marine Alert, with pages and market database symbols to be announced in due course. Platts welcomes all feedback and questions to europe_products@platts.com, with a cc to pricegroup@platts.com. 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.