Platts clarifies MOC cargo dates for CIF Med gasoil around Christmas 2024, New Year period

S&P Global Commodity Insights is reminding subscribers that in its European CIF refined oil products transactions, Platts guidelines require that the seller should narrow the five-day delivery range to a three-day delivery range by the earliest of five clear calendar or three clear working days before the first day of the narrowed delivery range, whichever falls sooner. Platts, part of S&P Global Commodity Insights, also expects the seller to nominate the performing vessel by the earliest of either five clear calendar or three clear working days.

Should a seller elect to deliver on a vessel that loaded its cargo on a ship-to-ship basis, it should provide vessel nomination and narrow laycan by the earliest of seven clear calendar or five clear working days before the first day of the actual delivery range.

For CIF Mediterranean gasoil cargo nominations, the vessel nomination and the narrowing of the delivery range should be made by the earliest of seven clear calendar or five clear working days before the first day of the actual delivery range, again, whichever falls sooner.

In line with the published 2024 end-of-year holiday schedule, on the following days, Platts will publish bids and offers in its Market on Close assessment processes for CIF Mediterranean gasoil with laycans contained in the following period. Please note that the assessment continues to reflect material for discharge 10-25 days forward from date of publication.

MOC date and laycans published:

Dec. 19: laycan Dec. 31-Jan. 13

Dec. 20: laycan Jan. 2-14

Dec. 23: laycan Jan. 3-17

Dec. 24: laycan Jan. 6-18

Throughout this period, the assessed date range for the assessment of CIF cargo assessments will remain unaffected and continue to reflect material for discharge 10-25 days forward from date of publication. Please send any questions or comments to Europe_products@spglobal.com with a cc to pricegroup@spglobal.com