Platts clarifies FOB Straits terminal approvals for Singapore Marine Fuel 0.5% MOC

S&P Global Platts would like to clarify the FOB Straits loadpoints reflected in the Market on Close assessment process for its FOB Singapore Marine Fuel 0.5% assessments, and which sellers may nominate against FOB Straits transactions reported in the MOC process.

There are currently 18 landed terminals in Singapore and southern Malaysia's Johor state approved, and eight FSUs currently approved as additional delivery points in the Platts FOB Singapore Marine Fuel 0.5% assessment processes.

The terminals are: Helios, Universal, Horizon, Tankstore, SRC, Oiltanking, Shell Bukom, XOM Jurong, XOM PAC, Tuas, Vopak Sebarok, Vopak Banyan, Chevron Penjuru, Power Seraya, SPC, Dialog Terminals Langsat, Tanjung Bin, Pasir Gudang (Far East Oil Terminal One).

The full list of FOB Straits terminals for all refined products and FSUs can be found at the following link: /content/dam/spglobal/ci/en/documents/platts/en/our-methodology/methodology-specifications/Asia-refined-oil-products-methodology.pdf.

Any terminal nominated for performance on a FOB Straits transaction concluded during the Platts assessment process should typically be able to manage at least one co-load of standard-sized cargoes of 20,000 mt to 40,000 mt for Marine Fuel.

For instance, a vessel which is already carrying 20,000 mt of Marine Fuel should be able to load at least another 20,000 mt from a second terminal, without draft restrictions hindering a vessel's ability to leave the port.

Platts routinely, and as part of standard editorial practice, reviews the infrastructure reflected in its price assessment processes. These reviews ensure the suitability of data and information that are used to formulate Platts' end-of-day price assessments.

These reviews are conducted on a regular basis, and may take into consideration an array of issues including, but not limited to, operational and logistical issues, as well as counterparty acceptance.

The reviews are not designed to impede a company's ability to bilaterally engage in market transactions; the objective at all times is to ensure the integrity of published price assessments. Platts does not disclose the nature or scope of such routine reviews.

Please send all feedback and comments to asia_products@spglobal.com and pricegroup@spglobal.com.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.