Platts proposes Lavera-Mohammedia LPG coaster freight assessment

S&P Global Platts is proposing to launch a Lavera-Mohammedia LPG coaster freight assessment, effective Jan. 4, 2021, to provide more transparency to the regional LPG market.

The assessment would reflect the cost of chartering an LPG coaster vessel, transporting a typical 4,000 mt LPG cargo from Lavera, France, to Mohammedia, Morocco, five to 15 days forward from the date of publication.

Platts may publish pricing data or fixtures for other cargo sizes or laycans, but these may be normalized for assessment purposes.

The proposed new freight assessment would be published in US dollars/mt, and would reflect the transactable value at 4:30 pm London time.

LPG freight is commonly traded in the spot market on a $/mt basis, reflecting the cost of chartering a ship of a specified size on a particular voyage for a given cargo size. These values typically include port costs.

The proposed assessment may be used to inform freight normalizations applicable to bids, offers and trades Platts publishes for its existing Butane FOB West Med Coaster assessment, which is basis Lavera.

Please send all questions and comments to europe_products@spglobal.com and pricegroup@spglobal.com by December 4, 2020. 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.