SUBSCRIBER NOTE: Platts to amend European VGO specifications from January 2

Effective January 2, 2015, Platts will amend and update the specifications it reflects in its European high and low sulfur VGO assessments, following feedback received to its proposal process to update these specifications, which was ongoing throughout the second half of 2014. Platts will reflect the following specifications in its high sulfur VGO assessments from January 2: Sulfur: 2% max; Density: 0.92 g/ml max; Metals: Iron 2 ppm max, Sodium 2 ppm max, Nickel 1 ppm max, Copper 1 ppm max, Vanadium 1ppm max; CCR: 0.5% max; Nitrogen: 1700ppm max; Pour point: 45 degrees C max; Flashpoint: 100 degrees C min; Aniline: 75 degrees C min; Asphaltenes: 700 ppm max; Tan: 0.5 mg KOH/g max. Platts current HSVGO specifications read: 2% maximum sulfur, specific gravity 0.900-0.920 g/ml. Also from January 2, Platts will reflect the following specifications in its LSVGO assessment: Sulfur: 0.6% max; Density: 0.92 g/ml max; Metals: Iron 2 ppm max, Sodium 2 ppm max, Nickel 1 ppm max, Copper 1 ppm max, Vanadium 1ppm max; CCR: 0.5% max; Nitrogen: 1500ppm max; Pour point: 45 degrees C max; Flashpoint: 100 degrees C min; Aniline: 80 degrees C min; Asphaltenes: 700 ppm max; Tan: 0.5 mg KOH/g max. Platts current LSVGO specifications read: 0.5-0.6% sulfur, specific gravity 0.900-0.920 g/ml. Platts will continue to consider other merchantable HSVGO and LSVGO specifications in its assessment process, and may normalize to the updated specifications. Please send any comments or questions to europe_products@platts.com and 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.