13 Nov 2012 | 07:48 UTC — Houston

Subscriber note: Platts clarifies NYH barge/Buckeye methodology

Platts is clarifying the methodology for its Market on Close assessment process regarding bids or offers for US Atlantic physical gasolines, jet fuel, No. 2 oil and ULSD. If a buyer bids for physical barrels FOB New York Harbor barge or Buckeye Pipeline, then the seller will determine whether the delivery will be on a barge or Buckeye basis. Similarly, if a seller offers on a "barge or Buckeye" basis, then the buyer has the option to select barge or Buckeye. For questions or comments, please contact Americas_products@platts.com and pricegroup@platts.com