S&P Global proposes including ITG Amoy FSU in Singapore fuel oil cargo, ex-wharf bunker MOC from June 16

S&P Global Commodity Insights is considering the inclusion of the vessel ITG Amoy as an additional loading point in its Platts Singapore Market on Close assessment process for cargo and ex-wharf bunkers for Marine Fuel 0.5% and 380 CST HSFO from June 16, 2022.

ITG Amoy (IMO 9237620) is operated by ITG Energy (Singapore) Pte. Ltd as a floating storage unit at Tanjung Pelepas within Johor Bahru Port Limits in southern Malaysia's Johor state.

There are currently seven FSUs approved as additional loading points in the FOB Singapore cargo and ex-wharf bunkers MOC process for Marine Fuel 0.5% and 380 CST HSFO. The standards applicable to approved FSUs require that sellers specifically name the vessel used as a loading point at the time of submitting offers to S&P Global for publishing.

Any offer of oil from vessels accredited for the FOB Singapore cargo and ex-wharf bunkers MOC process for Marine Fuel 0.5% and 380 CST HSFO would be on FOB FSU basis. Sellers cannot unilaterally nominate an approved vessel as a loading point in FOB Straits trades.

Please send all feedback and comments by May 4, 2022 to asia_products@spglobal.com and pricegroup@spglobal.com.

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