ACEA
This is the European equivalent of API (US) and is more specific in what the performance of the oil actually is. A = Petrol, B = Diesel and C = Catalyst compatible or low SAPS (Sulphated Ash, Phosphorus and Sulphur).
Unlike API the ACEA specs are split into performance/application catagories as follows:
A1 Fuel economy petrol
A2 Standard performance level (now obsolete)
A3 High performance and/or extended drain
A4 Reserved for future use in certain direct injection engines
A5 Combines A1 fuel economy with A3 performance
B1 Fuel economy diesel
B2 Standard performance level (now obsolete)
B3 High performance and/or extended drain
B4 For direct injection car diesel engines
B5 Combines B1 fuel economy with B3/B4 performance
C1-04 Petrol and Light duty Diesel engines, based on A5/B5-04 low SAPS, two way catalyst compatible.
C2-04 Petrol and light duty Diesel engines, based on A5/B5-04 mid SAPS, two way catalyst compatible.
C3-04 Petrol and light duty Diesel engines, based on A5/B5-04 mid SAPS, two way catalyst compatible, Higher performance levels due to higher HTHS.
Note: SAPS = Sulphated Ash, Phosphorous and Sulphur.
Put simply, A3/B3, A5/B5 and C3 oils are the better quality, stay in grade performance oils.