Platts clarifies FOB North Sea crude cargo nomination information standards

Platts clarifies FOB North Sea crude cargo nomination information standards

S&P Global Platts wishes to clarify its standards for nomination information in the Free On Board (FOB) North Sea crude market.

Platts reflects cargoes trading on an FOB basis under standard nomination procedures in its Market on Close (MOC) assessment process.

Platts clarifies that Brent, Forties, Oseberg, Ekofisk or Troll cargoes nominated against Cost, Insurance and Freight (CIF) MOC trades may still be considered available for FOB bids, offers and trades within the Dated Brent MOC assessment process, provided there are no pertinent supply limitations.

Please send all comments to europe_crude@spglobal.com and pricegroup@spglobal.com. For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing.