S&P Global Platts proposes to change the name of its daily assessments for butane delivered into Northwest Europe from the current "Butane CIF 1,000-3,000 MT" to "Butane CIF NWE Seagoing" effective December 20.
The current name is no longer reflective of the vessel size included in the assessment. The assessment cargo size range is 1,000-3,600 mt. The new title would remove the size reference and make it consistent with Platts Butane FOB NWE Seagoing assessment.
The assessment specification would be unchanged.
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