SUBMISSION COVER SHEET

IMPORTANT: Check box if Confidential Treatment is requested 

Registered Entity Identifier Code (optional): 23-057

Organization: New York Mercantile Exchange, Inc. ("NYMEX")

Filing as a: DCM SEF DCO SDR 

Please note - only ONE choice allowed.

Filing Date (mm/dd/yy): 01/27/23 Filing Description: Amendments to Rule 200101. 

(“Contract Specifications”) and Rule 200104. ("Delivery") of the Light Sweet Crude Oil 

Futures Contract Commencing with the April 2023 Contract Month and Beyond

SPECIFY FILING TYPE 

Please note only ONE choice allowed per Submission.

Organization Rules and Rule Amendments

Certification § 40.6(a)

Approval § 40.5(a)

Notification § 40.6(d)

Advance Notice of SIDCO Rule Change § 40.10(a)

SIDCO Emergency Rule Change § 40.10(h)

Rule Numbers: 

New Product Please note only ONE product per Submission.

Certification § 40.2(a) 

Certification Security Futures § 41.23(a)

Certification Swap Class § 40.2(d)

Approval § 40.3(a)

Approval Security Futures § 41.23(b)

Novel Derivative Product Notification § 40.12(a)

Swap Submission § 39.5

Product Terms and Conditions (product related Rules and Rule Amendments)

Certification § 40.6(a) 

Certification Made Available to Trade Determination § 40.6(a)

Certification Security Futures § 41.24(a)

Delisting (No Open Interest) § 40.6(a) 

Approval § 40.5(a)

Approval Made Available to Trade Determination § 40.5(a)

Approval Security Futures § 41.24(c)

Approval Amendments to enumerated agricultural products § 40.4(a), § 40.5(a)

“Non-Material Agricultural Rule Change” § 40.4(b)(5)

Notification § 40.6(d)

Official Name(s) of Product(s) Affected: Light Sweet Crude Oil Futures Contract

Rule Numbers: Chapter 200
300 Vesey Street New York, NY 10282 T 212 299 2200 F 212 301 4645 christopher.bowen@cmegroup.com cmegroup.com

1

Christopher Bowen 

Managing Director and Chief Regulatory Counsel

Legal Department

January 27, 2023

VIA ELECTRONIC PORTAL

Mr. Christopher J. Kirkpatrick

Office of the Secretariat

Commodity Futures Trading Commission

Three Lafayette Centre

1155 21st Street, N.W.

Washington, DC 20581

Re: CFTC Regulation 40.6(a) Certification. Amendments to Rule 200101. (“Contract 

Specifications”) and Rule 200104. ("Delivery") of the Light Sweet Crude Oil Futures 

Contract Commencing with the April 2023 Contract Month and Beyond. 

NYMEX Submission No. 23-057

Dear Mr. Kirkpatrick:

New York Mercantile Exchange, Inc. (“NYMEX” or “Exchange”) is certifying to the Commodity Futures 

Trading Commission (“CFTC” or the “Commission”) amendments to Rules 200101. (“Contract 

Specifications”) and 200104. (“Delivery”) of the Light Sweet Crude Oil Futures contract (Rulebook Chapter 

200; Commodity Code: CL) (the “Contract”) effective on trade date Monday, February 13, 2023 and 

commencing with the April 2023 contract month and beyond.

Specifically, NYMEX will:

Effective February 6, 2023 (Commencing with the April 2023 Contract Month and Beyond)

1) Amend Rule 200101. (“Contract Specifications”) such that the ASTM Test Method for Vapor 

Pressure will be updated from D-5191 to D-6377 to align with current industry standards. In March 

2020, the United States Environmental Protection Agency (“EPA”) published an update to the AP421

: Compilation of Air Emissions Factors which is the guiding source for emissions-related 

measurement processes. In this update,

2

the EPA stated that ASTM D-5191 “should not be used 

for crude oils.” ASTM D-63773is the Standard Test Method for Determination of Vapor Pressure 

of Crude Oil. The change in test method is administrative in nature and does not impact the 

underlying quality or value of the deliverable crude oil stream of the Contract; 

2) Amend Rule 200104. (“Delivery”) to implement clarification amendments regarding the delivery 

locations within Cushing, Oklahoma. Specifically, should a change in ownership of the relevant 

facilities occur, the facilities will remain referenced in the Contract. Further, the amendment 

specifies that the referenced facility also includes subsequent acquisitions within Cushing by the 

referenced owner, provided that the acquired facility be operated wholistically with the referenced 

facility. This change is administrative in nature and codifies the Exchange’s current and longstanding practice; and 

1 https://www.epa.gov/air-emissions-factors-and-quantification/ap-42-compilation-air-emissions-factors

2 https://www.epa.gov/sites/default/files/2020-10/documents/chapter_7_changes.pdf

3 https://www.astm.org/d6377-20.html
300 Vesey Street New York, NY 10282 T 212 299 2200 F 212 301 4645 christopher.bowen@cmegroup.com cmegroup.com

2

Effective March 22, 2023 

3) Upon April 2023 becoming the front month contract on March 22, 2023, implement administrative 

amendments to NYMEX Chapter 200 to delete obsolete language (collectively, the “Rule 

Amendments”).

Deliverable supply for the Contract is based on crude oil inflows and storage volumes of deliverable quality 

to Cushing, Oklahoma. As the Rule Amendments do not change the location or the quality, deliverable 

supply will not be impacted by the Rule Amendments. The Exchange consulted with terminal operators, 

refiners and other market participants regarding the proposal. While the Rule Amendments are generally 

administrative in nature, the Exchange is implementing the Rule Amendments commencing with the April 

2023 contract month and beyond to provide the marketplace with advanced notice.

Exhibit A and Exhibit B below provide amendments to NYMEX Chapter 200 effective on February 6, 2023

and on March 22, 2023, respectively. 

The Exchange reviewed the designated contract market core principles (“Core Principles”) as set forth in 

the Commodity Exchange Act (“CEA” or “Act”) and identified that the Rule Amendments may have some 

bearing on the following core principles:

• Contract Not Readily Subject to Manipulation: The Contract remains not readily subject to 

manipulation because of its structural attributes and active underlying market.

• Position Limitations or Accountability: The speculative position limits for the Contract remain

consistent with the Commission’s guidance.

• Daily Publication of Trading Information: The Exchange will continue to publish the Contract’s 

trading volumes, open interest levels, and price information daily on its website and through quote 

vendors for the Contract.

• Availability of General Information: The Exchange will publish information on the change via a 

Special Executive Report (“SER”) to notify the marketplace of the Rule Amendments. The SER will 

also be posted on the CME Group website. 

• Execution of Transactions: The Exchange will continue the current practice of providing a 

competitive, open, and efficient market mechanism for executing transactions.

Pursuant to Section 5c(c) of the CEA and CFTC Regulation 40.6(a), the Exchange hereby certifies that the 

Rule Amendments comply with the Act, including regulations under the Act. There were no substantive 

opposing views to this proposal. 

The Exchange certifies that this submission has been concurrently posted on the Exchange’s website at 

http://www.cmegroup.com/market-regulation/rule-filings.html.
300 Vesey Street New York, NY 10282 T 212 299 2200 F 212 301 4645 christopher.bowen@cmegroup.com cmegroup.com

3

Should you have any questions concerning the above, please contact the undersigned at (212) 299-2200 

or e-mail CMEGSubmissionInquiry@cmegroup.com.

Sincerely, 

/s/Christopher Bowen 

Managing Director and Chief Regulatory Counsel 

Attachments: Exhibit A – Amendments to Rulebook Chapter 200 (blackline format)

 (Effective February 6, 2023)

 Exhibit B – Amendments to Rulebook Chapter 200 (blackline format)

 (Effective March 22, 2023)
4

EXHIBIT A

NYMEX Rulebook

[Effective February 13, 2023]

(additions underscored; deletions struck through)

Chapter 200 

Light Sweet Crude Oil Futures

***

200101. CONTRACT SPECIFICATIONS

(ALL CONTRACT MONTHS UP TO AND INCLUDING THE MARCH 2023 CONTRACT MONTH)

The contract grade for delivery on futures contracts shall be "crude oil" which shall mean a mixture 

of hydrocarbons that exists in a liquid phase in natural underground reservoirs and remains liquid at 

atmospheric pressure after passing through surface separating facilities. Crude oil as used herein 

refers to the direct liquid hydrocarbon production from oil wells, or a blend of such, in its natural form, 

not having been enhanced or altered in any manner or by any process that would result in 

misrepresentation of its true value for adaptability to refining as whole crude petroleum. For the 

purpose of this contract, condensates are excluded from the definition of crude petroleum. Light 

sweet crude oil meeting all of the following specifications and designations shall be deliverable in 

satisfaction of futures contract delivery obligations under this rule:

200101.A. Domestic Crudes 

1. Deliverable Crude Streams 

Blends of West Texas Intermediate (“WTI”) type light sweet crude streams are only deliverable if 

such blends constitute a pipeline's designated "common stream" shipment which meets the grade 

and quality specifications for domestic crude. Enterprise Products Partners L.P. (including any 

successor in such capacity, “Enterprise”) and Enbridge Pipeline (Ozark) LLC’s (including any 

successor in such capacity, “Enbridge”) and Plains Marketing, L.P.’s (a subsidiary of Plains including 

any successor in such capacity, “Plains”) Common Domestic Sweet (“DSW”) Streams that meet 

quality specifications in Sections 101.A.2.- 12. of this rule are deliverable as Domestic Crude. 

2. Sulfur: 0.42% or less by weight as determined by ASTM Standard D-4294, or its latest revision; 

3. Gravity: Not less than 37 degrees American Petroleum Institute (“API”), nor more than 42 degrees 

API as determined by ASTM Standard D-287, or its latest revision; 

4. Viscosity: Maximum 60 Saybolt Universal Seconds at 100 degrees Fahrenheit as measured by 

ASTM Standard D-445 and as calculated for Saybolt Seconds by ASTM Standard D-2161; 

5. Reid vapor pressure: Less than 9.5 pounds per square inch at 100 degrees Fahrenheit, as 

determined by ASTM Standard D-5191-96, or its latest revision; 

6. Basic Sediment, water and other impurities: Less than 1% as determined by ASTM D-96-88 or D4007, or their latest revisions;

7. Pour Point: Not to exceed 50 degrees Fahrenheit as determined by ASTM Standard D-97;

8. Micro Method Carbon Residue: 2.40% or less by mass; as determined by ASTM Standard D4530-

15, or its latest revision;

9. Total Acid Number (TAN): 0.28 mg KOH/g or less as determined by the first inflection point; using 

ASTM Standard D664-11a (2017), or its latest revision;
5

10. Nickel: 8 parts per million (ppm) or less by mass; as determined by ASTM Standard D5708-15, 

Test Method B, or its latest revision;

11. Vanadium: 15 ppm or less by mass; as determined by ASTM Standard D5708-15, Test Method 

B, or its latest revision;

12. High-Temperature Simulated Distillation (HTSD) as determined by ASTM Standard D7169-16, 

or its latest revision, as follows: 

(a) Light Ends <220°F by HTSD: Not more than 19% by mass;

 (b) 50% Point by HTSD: 470°F- 570°F;

(c) Vacuum Residuum >1020°F by HTSD: Not more than 16% by mass.

200101. CONTRACT SPECIFICATIONS

(ALL CONTRACT MONTHS COMMENCING WITH THE APRIL 2023 CONTRACT MONTH)

The contract grade for delivery on futures contracts shall be "crude oil" which shall mean a mixture 

of hydrocarbons that exists in a liquid phase in natural underground reservoirs and remains liquid at 

atmospheric pressure after passing through surface separating facilities. Crude oil as used herein 

refers to the direct liquid hydrocarbon production from oil wells, or a blend of such, in its natural form, 

not having been enhanced or altered in any manner or by any process that would result in 

misrepresentation of its true value for adaptability to refining as whole crude petroleum. For the 

purpose of this contract, condensates are excluded from the definition of crude petroleum. Light 

sweet crude oil meeting all of the following specifications and designations shall be deliverable in 

satisfaction of futures contract delivery obligations under this rule:

200101.A. Domestic Crudes 

1. Deliverable Crude Streams 

Blends of West Texas Intermediate (“WTI”) type light sweet crude streams are only deliverable if 

such blends constitute a pipeline's designated "common stream" shipment which meets the grade 

and quality specifications for domestic crude. Enterprise Products Partners L.P. (including any 

successor in such capacity, “Enterprise”) and Enbridge Pipeline (Ozark) LLC’s (including any 

successor in such capacity, “Enbridge”) and Plains Marketing, L.P.’s (a subsidiary of Plains including 

any successor in such capacity, “Plains”) Common Domestic Sweet (“DSW”) Streams that meet 

quality specifications in Sections 101.A.2.- 12. of this rule are deliverable as Domestic Crude. 

2. Sulfur: 0.42% or less by weight as determined by ASTM Standard D-4294, or its latest revision; 

3. Gravity: Not less than 37 degrees American Petroleum Institute (“API”), nor more than 42 degrees 

API as determined by ASTM Standard D-287, or its latest revision; 

4. Viscosity: Maximum 60 Saybolt Universal Seconds at 100 degrees Fahrenheit as measured by 

ASTM Standard D-445 and as calculated for Saybolt Seconds by ASTM Standard D-2161; 

5. Reid vapor pressure equivalent: Less than 9.5 pounds per square inch at 100 degrees 

Fahrenheit, as determined by ASTM Standard D-6377 5191-96, or its latest revision; 

6. Basic Sediment, water and other impurities: Less than 1% as determined by ASTM D-96-88 or D4007, or their latest revisions;

7. Pour Point: Not to exceed 50 degrees Fahrenheit as determined by ASTM Standard D-97;

8. Micro Method Carbon Residue: 2.40% or less by mass; as determined by ASTM Standard D4530-

15, or its latest revision;

9. Total Acid Number (TAN): 0.28 mg KOH/g or less as determined by the first inflection point; using 

ASTM Standard D664-11a (2017), or its latest revision;
6

10. Nickel: 8 parts per million (ppm) or less by mass; as determined by ASTM Standard D5708-15, 

Test Method B, or its latest revision;

11. Vanadium: 15 ppm or less by mass; as determined by ASTM Standard D5708-15, Test Method

B, or its latest revision;

12. High-Temperature Simulated Distillation (HTSD) as determined by ASTM Standard D7169-16, 

or its latest revision, as follows: 

(a) Light Ends <220°F by HTSD: Not more than 19% by mass;

 (b) 50% Point by HTSD: 470°F- 570°F;

(c) Vacuum Residuum >1020°F by HTSD: Not more than 16% by mass.

***

200104. DELIVERY

(ALL CONTRACT MONTHS UP TO AND INCLUDING THE MARCH 2023 CONTRACT MONTH)

The seller shall provide crude oil which is free from all liens, encumbrances, unpaid taxes, fees and 

other charges.

Delivery shall be made free-on-board (“F.O.B.”) at any pipeline or storage facility in Cushing, 

Oklahoma with pipeline access to Enterprise, Cushing storage or Enbridge, Cushing storage or 

Plains, Cushing storage. Delivery shall be made in accordance with all applicable Federal executive 

orders and all applicable Federal, State and local laws and regulations. 

For the purposes of this rule, the term F.O.B. shall mean a delivery in which the seller: (1) provides 

light sweet crude oil to the point of connection between seller’s incoming and buyer’s outgoing 

pipeline or storage facility; (2) in the event of the buyer's election to take delivery by interfacility 

transfer ("pumpover") to Enterprise, Cushing or Enbridge, Cushing or Plains, Cushing, from seller's 

delivery facility, bears the lesser of the pumpover charge applicable for pumpover from seller's 

delivery facility to Enterprise, Cushing, or Enbridge, Cushing, or Plains, Cushing; and (3) retains title 

to, and bears the risk of, loss for the product to the point of connection between the buyer's outgoing 

and the seller's incoming pipeline or storage facility. 

At buyer's option, such delivery shall be made by any of the following methods: (1) by interfacility 

transfer ("pumpover") into a designated pipeline or storage facility with access to seller's incoming 

pipeline or storage facility; (2) by in-line (or in-system) transfer, or book-out of title to the buyer; or (3) 

if the seller agrees to such transfer and if the facility used by the seller allows for such transfer, without 

physical movement of product, by in-tank transfer of title to the buyer. 

200104. DELIVERY 

(ALL CONTRACT MONTHS COMMENCING WITH THE APRIL 2023 CONTRACT MONTH)

The seller shall provide crude oil which is free from all liens, encumbrances, unpaid taxes, fees and 

other charges.

Delivery shall be made free-on-board (“F.O.B.”) at any pipeline or storage facility in Cushing, 

Oklahoma with pipeline access to Enterprise, Cushing storage (“Enterprise, Cushing” including 

any successor in such capacity) or Enbridge, Cushing storage (“Enbridge, Cushing” including 

any successor in such capacity) or Plains, Cushing storage (“Plains, Cushing” including any 

successor in such capacity). This shall include any additions to Enterprise, Cushing; Plains, 

Cushing; or Enbridge, Cushing storage facilities provided the additions are operated as a 

single entity with the original facility. Delivery shall be made in accordance with all applicable 

Federal executive orders and all applicable Federal, State and local laws and regulations. 

For the purposes of this rule, the term F.O.B. shall mean a delivery in which the seller: (1) provides 

light sweet crude oil to the point of connection between seller’s incoming and buyer’s outgoing 

pipeline or storage facility; (2) in the event of the buyer's election to take delivery by interfacility 

transfer ("pumpover") to Enterprise, Cushing or Enbridge, Cushing or Plains, Cushing, from seller's 

delivery facility, bears the lesser of the pumpover charge applicable for pumpover from seller's 

delivery facility to Enterprise, Cushing, or Enbridge, Cushing, or Plains, Cushing; and (3) retains title 
7

to, and bears the risk of, loss for the product to the point of connection between the buyer's outgoing 

and the seller's incoming pipeline or storage facility. 

At buyer's option, such delivery shall be made by any of the following methods: (1) by interfacility 

transfer ("pumpover") into a designated pipeline or storage facility with access to seller's incoming 

pipeline or storage facility; (2) by in-line (or in-system) transfer, or book-out of title to the buyer; or (3) 

if the seller agrees to such transfer and if the facility used by the seller allows for such transfer, without 

physical movement of product, by in-tank transfer of title to the buyer. 

[Remainder of Chapter unchanged.]
8

EXHIBIT B

NYMEX Rulebook

[Effective March 22, 2023]

(deletions struck through)

Chapter 200 

Light Sweet Crude Oil Futures

***

200101. CONTRACT SPECIFICATIONS

(ALL CONTRACT MONTHS UP TO AND INCLUDING THE MARCH 2023 CONTRACT MONTH)

The contract grade for delivery on futures contracts shall be "crude oil" which shall mean a mixture 

of hydrocarbons that exists in a liquid phase in natural underground reservoirs and remains liquid at 

atmospheric pressure after passing through surface separating facilities. Crude oil as used herein 

refers to the direct liquid hydrocarbon production from oil wells, or a blend of such, in its natural form, 

not having been enhanced or altered in any manner or by any process that would result in 

misrepresentation of its true value for adaptability to refining as whole crude petroleum. For the 

purpose of this contract, condensates are excluded from the definition of crude petroleum. Light 

sweet crude oil meeting all of the following specifications and designations shall be deliverable in 

satisfaction of futures contract delivery obligations under this rule:

200101.A. Domestic Crudes 

1. Deliverable Crude Streams 

Blends of West Texas Intermediate (“WTI”) type light sweet crude streams are only deliverable if 

such blends constitute a pipeline's designated "common stream" shipment which meets the grade 

and quality specifications for domestic crude. Enterprise Products Partners L.P. (including any 

successor in such capacity, “Enterprise”) and Enbridge Pipeline (Ozark) LLC’s (including any 

successor in such capacity, “Enbridge”) and Plains Marketing, L.P.’s (a subsidiary of Plains including 

any successor in such capacity, “Plains”) Common Domestic Sweet (“DSW”) Streams that meet 

quality specifications in Sections 101.A.2.- 12. of this rule are deliverable as Domestic Crude. 

2. Sulfur: 0.42% or less by weight as determined by ASTM Standard D-4294, or its latest revision; 

3. Gravity: Not less than 37 degrees American Petroleum Institute (“API”), nor more than 42 degrees 

API as determined by ASTM Standard D-287, or its latest revision; 

4. Viscosity: Maximum 60 Saybolt Universal Seconds at 100 degrees Fahrenheit as measured by 

ASTM Standard D-445 and as calculated for Saybolt Seconds by ASTM Standard D-2161; 

5. Reid vapor pressure: Less than 9.5 pounds per square inch at 100 degrees Fahrenheit, as 

determined by ASTM Standard D-5191-96, or its latest revision; 

6. Basic Sediment, water and other impurities: Less than 1% as determined by ASTM D-96-88 or D4007, or their latest revisions;

7. Pour Point: Not to exceed 50 degrees Fahrenheit as determined by ASTM Standard D-97;

8. Micro Method Carbon Residue: 2.40% or less by mass; as determined by ASTM Standard D4530-

15, or its latest revision;

9. Total Acid Number (TAN): 0.28 mg KOH/g or less as determined by the first inflection point; using 

ASTM Standard D664-11a (2017), or its latest revision;
9

10. Nickel: 8 parts per million (ppm) or less by mass; as determined by ASTM Standard D5708-15, 

Test Method B, or its latest revision;

11. Vanadium: 15 ppm or less by mass; as determined by ASTM Standard D5708-15, Test Method

B, or its latest revision;

12. High-Temperature Simulated Distillation (HTSD) as determined by ASTM Standard D7169-16, 

or its latest revision, as follows: 

(a) Light Ends <220°F by HTSD: Not more than 19% by mass;

 (b) 50% Point by HTSD: 470°F- 570°F;

(c) Vacuum Residuum >1020°F by HTSD: Not more than 16% by mass.

200101. CONTRACT SPECIFICATIONS

(ALL CONTRACT MONTHS COMMENCING WITH THE APRIL 2023 CONTRACT MONTH)

The contract grade for delivery on futures contracts shall be "crude oil" which shall mean a mixture 

of hydrocarbons that exists in a liquid phase in natural underground reservoirs and remains liquid at 

atmospheric pressure after passing through surface separating facilities. Crude oil as used herein 

refers to the direct liquid hydrocarbon production from oil wells, or a blend of such, in its natural form, 

not having been enhanced or altered in any manner or by any process that would result in 

misrepresentation of its true value for adaptability to refining as whole crude petroleum. For the 

purpose of this contract, condensates are excluded from the definition of crude petroleum. Light 

sweet crude oil meeting all of the following specifications and designations shall be deliverable in 

satisfaction of futures contract delivery obligations under this rule:

200101.A. Domestic Crudes 

1. Deliverable Crude Streams 

Blends of West Texas Intermediate (“WTI”) type light sweet crude streams are only deliverable if 

such blends constitute a pipeline's designated "common stream" shipment which meets the grade 

and quality specifications for domestic crude. Enterprise Products Partners L.P. (including any 

successor in such capacity, “Enterprise”) and Enbridge Pipeline (Ozark) LLC’s (including any 

successor in such capacity, “Enbridge”) and Plains Marketing, L.P.’s (a subsidiary of Plains including 

any successor in such capacity, “Plains”) Common Domestic Sweet (“DSW”) Streams that meet 

quality specifications in Sections 101.A.2.- 12. of this rule are deliverable as Domestic Crude. 

2. Sulfur: 0.42% or less by weight as determined by ASTM Standard D-4294, or its latest revision; 

3. Gravity: Not less than 37 degrees American Petroleum Institute (“API”), nor more than 42 degrees 

API as determined by ASTM Standard D-287, or its latest revision; 

4. Viscosity: Maximum 60 Saybolt Universal Seconds at 100 degrees Fahrenheit as measured by 

ASTM Standard D-445 and as calculated for Saybolt Seconds by ASTM Standard D-2161; 

5. Reid vapor pressure equivalent: Less than 9.5 pounds per square inch at 100 degrees Fahrenheit, 

as determined by ASTM Standard D-6377, or its latest revision; 

6. Basic Sediment, water and other impurities: Less than 1% as determined by ASTM D-96-88 or D4007, or their latest revisions;

7. Pour Point: Not to exceed 50 degrees Fahrenheit as determined by ASTM Standard D-97;

8. Micro Method Carbon Residue: 2.40% or less by mass; as determined by ASTM Standard D4530-

15, or its latest revision;

9. Total Acid Number (TAN): 0.28 mg KOH/g or less as determined by the first inflection point; using 

ASTM Standard D664-11a (2017), or its latest revision;
10

10. Nickel: 8 parts per million (ppm) or less by mass; as determined by ASTM Standard D5708-15, 

Test Method B, or its latest revision;

11. Vanadium: 15 ppm or less by mass; as determined by ASTM Standard D5708-15, Test Method 

B, or its latest revision;

12. High-Temperature Simulated Distillation (HTSD) as determined by ASTM Standard D7169-16, 

or its latest revision, as follows: 

(a) Light Ends <220°F by HTSD: Not more than 19% by mass;

 (b) 50% Point by HTSD: 470°F- 570°F;

(c) Vacuum Residuum >1020°F by HTSD: Not more than 16% by mass.

***

200104. DELIVERY

(ALL CONTRACT MONTHS UP TO AND INCLUDING THE MARCH 2023 CONTRACT MONTH)

The seller shall provide crude oil which is free from all liens, encumbrances, unpaid taxes, fees and 

other charges.

Delivery shall be made free-on-board (“F.O.B.”) at any pipeline or storage facility in Cushing, 

Oklahoma with pipeline access to Enterprise, Cushing storage or Enbridge, Cushing storage or 

Plains, Cushing storage. Delivery shall be made in accordance with all applicable Federal executive 

orders and all applicable Federal, State and local laws and regulations. 

For the purposes of this rule, the term F.O.B. shall mean a delivery in which the seller: (1) provides 

light sweet crude oil to the point of connection between seller’s incoming and buyer’s outgoing 

pipeline or storage facility; (2) in the event of the buyer's election to take delivery by interfacility 

transfer ("pumpover") to Enterprise, Cushing or Enbridge, Cushing or Plains, Cushing, from seller's

delivery facility, bears the lesser of the pumpover charge applicable for pumpover from seller's 

delivery facility to Enterprise, Cushing, or Enbridge, Cushing, or Plains, Cushing; and (3) retains title 

to, and bears the risk of, loss for the product to the point of connection between the buyer's outgoing 

and the seller's incoming pipeline or storage facility. 

At buyer's option, such delivery shall be made by any of the following methods: (1) by interfacility 

transfer ("pumpover") into a designated pipeline or storage facility with access to seller's incoming 

pipeline or storage facility; (2) by in-line (or in-system) transfer, or book-out of title to the buyer; or (3) 

if the seller agrees to such transfer and if the facility used by the seller allows for such transfer, without 

physical movement of product, by in-tank transfer of title to the buyer. 

200104. DELIVERY 

(ALL CONTRACT MONTHS COMMENCING WITH THE APRIL 2023 CONTRACT MONTH)

The seller shall provide crude oil which is free from all liens, encumbrances, unpaid taxes, fees and 

other charges.

Delivery shall be made free-on-board (“F.O.B.”) at any pipeline or storage facility in Cushing, 

Oklahoma with pipeline access to Enterprise, Cushing storage (“Enterprise, Cushing” including any 

successor in such capacity) or Enbridge, Cushing storage (“Enbridge, Cushing” including any 

successor in such capacity) or Plains, Cushing storage (“Plains, Cushing” including any successor 

in such capacity). This shall include any additions to Enterprise, Cushing; Plains, Cushing; or 

Enbridge, Cushing storage facilities provided the additions are operated as a single entity with the 

original facility. Delivery shall be made in accordance with all applicable Federal executive orders 

and all applicable Federal, State and local laws and regulations. 

For the purposes of this rule, the term F.O.B. shall mean a delivery in which the seller: (1) provides 

light sweet crude oil to the point of connection between seller’s incoming and buyer’s outgoing 

pipeline or storage facility; (2) in the event of the buyer's election to take delivery by interfacility 

transfer ("pumpover") to Enterprise, Cushing or Enbridge, Cushing or Plains, Cushing, from seller's

delivery facility, bears the lesser of the pumpover charge applicable for pumpover from seller's 

delivery facility to Enterprise, Cushing, or Enbridge, Cushing, or Plains, Cushing; and (3) retains title 
11

to, and bears the risk of, loss for the product to the point of connection between the buyer's outgoing 

and the seller's incoming pipeline or storage facility. 

At buyer's option, such delivery shall be made by any of the following methods: (1) by interfacility 

transfer ("pumpover") into a designated pipeline or storage facility with access to seller's incoming 

pipeline or storage facility; (2) by in-line (or in-system) transfer, or book-out of title to the buyer; or (3) 

if the seller agrees to such transfer and if the facility used by the seller allows for such transfer, without 

physical movement of product, by in-tank transfer of title to the buyer. 

[Remainder of Chapter unchanged.]