SUBSCRIBER NOTE: Platts seeks feedback on reflecting JAC in Singapore MOC process

S&P Global Platts is inviting feedback on a proposal to include Jurong Aromatics Corporation as a loading point in the Singapore Market on Close assessment process for gasoil and jet fuel.

Platts uses the Singapore MOC process to assess the value of oil across Asia and the Middle East. The benchmark FOB Singapore price assessments reflect FOB Straits bids, offers and trades, wherein the seller may nominate cargoes for loadings from approved terminals in Singapore and Malaysia.

Under the proposal, sellers in the MOC process would be able to nominate JAC as a loading point for cargoes traded on a FOB Straits basis. Delivery of oil from JAC would be subject to the performance and nomination requirements prevailing in the FOB Straits markets.

The list of Straits terminals reflected in the FOB Singapore MOC process is published in the methodology and specification guide "Asia Pacific And Middle East Refined Oil Products" at https://www.platts.com/methodology-specifications/oil.

Located in Jurong Island, Singapore, the complex houses a 100,000 b/d condensate splitter designed primarily to produce aromatics. The complex also produces 2.50 million mt/year of petroleum products such as jet fuel, ultra low sulfur diesel, light naphtha, LPG, hydrogen and fuel oil.

The complex has three jetties, each with the maximum depth of 17 meters. Jetty No. 1 (OJAC1) is capable of handling Long Range 2 tankers.

Please send any feedback or questions to asia_products@spglobal.com and pricegroup@spglobal.com by June 30, 2017. 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.