Sun, Gemini tankers approved for fuel delivery

Following previously-published subscriber notes, Platts has completed its review for use of the Ticen Sun and the Titan Gemini as additional fuel oil delivery points in the FOB Singapore fuel oil assessment process.

Platts will publish any offers of fuel oil that state the Ticen Sun or the Titan Gemini as the delivery points with effect from February 17, 2010. Both vessels are operated by Titan Storage Limited and are classed as Floating Storage Units (FSU).

The Ticen Sun is anchored at Tanjung Pelepas and the Titan Gemini at Pasir Gudang, both in the Johor province of southern Malaysia.

Platts fuel oil methodology already includes deliveries made from landed storage at Pasir Gudang, plus storage vessels Kadriah 1, Titan Chios, Titan Sun and Brilliant Jewel in southern Malaysia.

The same standards will apply to the Ticen Sun and Titan Gemini, that are applied to other storage vessels.

The FAQ document on Kadriah 1 can be found at: http://www.platts.com/IM.Platts.Content/InsightAnalysis/MarketIssues/kadriahf aq.pdf or http://bit.ly/kadriah.

Please send comments and feedback by February 10, 2010, to asia_products@platts.com with a cc to pricegroup@platts.com.