SUBSCRIBER NOTE: Clarification of USGC CIF naphtha bid/offer date ranges

Platts would like to clarify that the USGC CIF naphtha assessments reflect market activity conforming to delivery within an agreed three-day delivery period.

A seller offering a delivery window exceeding three consecutive days is understood to be able to deliver product on any three-day delivery date combination across the offered date range.

A market taker should declare to Platts a narrowed three-day delivery window at the time of reporting interest to trade such an offer.

Similarly, a buyer bidding a delivery window exceeding three consecutive days is understood to be able to take delivery of product on any three-day combination across the date range specified.

A market taker should declare to Platts a narrowed three-day delivery window at the time of reporting interest to trade such a bid.

Market-taking interest in a bid or offer stating a delivery window exceeding three consecutive days that does not clearly state a narrowed three-day date range for delivery may not be published and reflected in the Platts USGC CIF naphtha assessment.