SUBSCRIBER NOTE: Platts to reflect Tangier in Mediterranean oil assessments

Platts confirms it will reflect bids, offers and trades into the North Africa port of Tangier Med, Morocco, in its European Market On Close assessment process with effect from January 2, 2014. This follows a proposal to reflect the port that was published by Platts on December 11, 2013. Under Platts methodology, certain approved alternative locations to the basis assessment port for many oil product assessments may be bid and offered during the MOC. Platts may normalize bids, offers or trades that include the port of Tangier Med as their basis location or as a charter party option, which reflects Platts current assessment standards of non-basis locations and non-standard charter party options. The Tangier Med basis location is subject to the same performance requirements as other ports already reflected in Platts assessment process. Please send any further questions or comments to europe_products@platts.com, with a CC to pricegroup@platts.com. For written comments, please provide a clear indication if the 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.