Platts to include ITG Amoy FSU in Singapore fuel oil cargo, ex-wharf bunker MOC from June 16

Platts, part of S&P Global Commodity Insights, will include the vessel ITG Amoy as an additional loading point in its 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.

Platts first proposed including the FSU as an additional loading point in a subscriber note published April 1, 2022: https://www.spglobal.com/commodity-insights/en/our-methodology/subscriber-notes/040122-s-p-global-proposes-including-itg-amoy-fsu-in-singapore-fuel-oil-cargo-ex-wharf-bunker-moc-from-june-16.

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 Platts 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.

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