SEM-08-054 2008 Directed Contracts Subscription Rules_ESB PG

On 24th April the SEM Committee published the revised Directed Contract Subscription rules. These revised rules contain two main changes to the version published on the 3rd April 2008:

1. The alteration of the Gasoil cargo swap prices from 0.2% to 0.1%, as detailed in the Master Contract for Difference Agreement.

2. The procedures detailed under the subscription logistics regarding the validty of multiple elections have been amended covering the event of a supplier submitting multiple faxes for a given trading day.