Subscriber note: Platts proposes to rename European fuel oil swaps

Platts proposes to rename its existing FOB ARA fuel oil 3.5% barge swaps, FOB ARA fuel oil 1% barge swaps and related derivatives assessments to reflect "FOB Rotterdam" as their basis location with effect from January 2, 2014. The proposed renaming would better align the assessment from the underlying physical markets used to settle the derivatives. Rotterdam has always been the basis location for Platts physical high sulfur fuel oil barge assessments. The assessments are published on Platts Forward Curve Europe, an add-on information service to Platts Global Alert. A list of pages carrying FOB ARA fuel oil swaps assessments is provided below.

PAGE NUMBER CONTENT 1684 Platts Fuel Oil 1% FOB ARA Barge and Brent Crack Swaps 1687 Platts Fuel Oil 3.5% ARA/Med Diff Swaps 1680 Platts Fuel Oil 3.5% FOB ARA Barge and Brent Crack Swaps

Please send any feedback, comments or queries by April 1, 2013 to europe_products@platts.com and pricegroup@platts.com.