Platts modifies Ethanol T2 High GHG Savings FOB Rotterdam loading window July 1

Platts, part of S&P Global Energy, has amended the Ethanol T2 High GHG savings FOB Rotterdam (AGSSQ00) and Ethanol T2 High GHG savings FOB Rotterdam Prem (AASNR00) loading window specification in its assessment process to reflect a single strip window of 5-15 days forward from the date of publication, effective July 1.

The change aligns the loading window for the Ethanol T2 High GHG savings FOB Rotterdam assessment to the benchmark Ethanol T2 FOB Rotterdam (AAYDT00) assessment, which has also been updated to a 5-15 day forward strip, effective July 1.

Under this change, buyers are required to nominate a five-day laycan within the 5-15 day strip. The buyer's nomination is subject to a notice period of at least 48 hours (full UK working days) before the first day of the laycan, as per market standard.

Additionally, buyers will need to nominate the estimated time of arrival (ETA) of the barge within the narrowed five-day laycan within good time, and no less than 48 hours (full UK working days) prior to arrival.

For example, the Platts Ethanol T2 High GHG savings FOB Rotterdam loading window for an assessment published on July 2 would be July 7-17. For a shortened laycan of July 7-12, the buyer must provide nomination on the first day of the laycan, 48 full working day hours prior, on July 5. For a barge ETA of July 11 within the shortened laycan, the buyer must also provide a nomination 48 hours (full UK working days) on July 9.

Platts expects performance on all published deals to be in line with market practice.

This follows a decision published June 24.

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