SUBSCRIBER NOTE: Platts to extend ICE Gasoil futures assessments at Singapore close

Platts proposes to extend its existing suite of ICE gasoil futures outright price assessments at 4:30 pm Singapore time (0830 GMT) with effect from January 2, 2015.

The new price assessments will cover the 36 granular months, 12 quarters, and three years forward from the date of publication. Platts currently publishes ICE gasoil futures assessments at 4:30 pm Singapore time three months out. Concurrently, Platts also proposes to change the naming convention used for these contracts in its Singapore close publications. Currently the first of these contracts is referred to as "Balance Month", while the second is referred to as "Month 1" and the third as "Month 2."

Platts proposes to change the names of the contracts to bring them in line with European industry standards so the first contract would be described as "Month 1", the second as "Month 2" and the third as "Month 3."

Platts intends to update its database to reflect this new convention to ensure it is consistent with this new practice. Platts will also publish time-spread futures assessments for the 36 calendar months, 12 quarters and three years within this period. Please send any comments and feedback to Platts editors at asia_products@platts.com with a cc to pricegroup@platts.com by December 1.

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.