SUBSCRIBER NOTE: Platts to limit optol exposure on CIF NWE gasoline cargoes

Effective November 18, 2015, Platts will only publish CIF Northwest European gasoline cargo bids and offers that limit a counterparty's price exposure to operational tolerance. Platts will accept CIF cargo bids and offers that relate the operational tolerance volume after completion of discharge on a floating price basis. For example in a bid for 10,000 mt, Platts would typically publish a bid for 9,000 mt on a fixed price basis with the operational tolerance of 0-2,000 mt pricing as a floating price on the mean of the Platts CIF NWE gasoline cargo assessment three quoted days after completion of discharge (COD), plus or minus a differential. 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.