SUBSCRIBER NOTE: Platts to launch Singapore delivered bunker eWindow phase I July 2

Singapore (Platts)--29Jun2018/1206 am EDT/406 GMT S&P Global Platts will be moving Singapore delivered bunkers in the Platts Market on Close assessment process to eWindow technology phase I effective July 2, 2018 onwards.

Platts had been using eWindow phase II previously to publish bids, offers and trades for Singapore delivered bunkers. Bids, offers and trades for Singapore delivered bunkers will move to eWindow phase I software effective July 2, 2018.

Participants in the MOC process will be able to submit bids or offers for publication directly through the eWindow communication tool, or do so through an editor who would then publish the bids and offers using the software.

The instruments will appear in the eWindow software as follows, with the hub as Dlvd Singapore:

180 CST 380 CST

Headlines generated by the software on Platts Global Alert will carry these prefixes.

The newly listed Delivered Singapore hubs on eWindow will reflect bids and offers for the following volume ranges: 500-600 mt, 600-700 mt, 700-800 mt, 800-900 mt, 900-1,000 mt, 1,000-1,200 mt, 1,100-1,300 mt, 1,200-1,400 mt and 1,300-1,500 mt.

The eWindow phase I software allows for auto-matching of bids and offers.

Buyers must declare the exact volume to the seller within one working day after the trade has been concluded.

Buyers must also provide to the seller a written notice of arrival of the nominated vessel at the place of delivery at least 48 hours prior to the day of delivery. Sellers are expected to deliver bunker fuel that is merchantable, within port limits to the buyer's nominated vessel in a timely manner.

The changes follow extensive consultation with the industry to ensure trading activity reflected in Platts assessments continues to reflect typical market trading cycles and standard practices.

Prices assessed would continue to reflect activity reported to Platts throughout the day, and values for all reported trades normalized to reflect the prevailing value of the market at 5:30 pm in Singapore.

Platts understands deals in the Singapore delivered bunker market are typically performed using the seller's general terms and conditions. Platts expects counterparties to perform on trades reported in the MOC based on typical GT&Cs that have been applied and accepted by both counterparties in the open market.

Please send any feedback or questions 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 to the public upon request.