Feedback deadline extended for USAC resid basis

Platts continues to seek feedback on its proposal to change the basis and location of its US Atlantic Coast residual fuel oil cargo assessments.

Platts had initially proposed a launch date of January 4, 2010, but is seeking feedback on appropriate launch timing for this change.

Platts is proposing to change the basis and location to basis CFR New York Harbor.

Currently, Platts assesses USAC residual fuel oil cargoes basis CIF Boston-Maryland range.

Under this proposal, bids, offers, and transactions that reflect delivery to locations beyond New York Harbor, i.e., Boston-Maryland range, would be normalized by using prevailing freight rates.

Please respond by December 11, 2009, with comments or questions to Tom Sosnowski, tom_sosnowski@platts.com, with a cc to pricegroup@platts.com.