Platts to include PIS Pioneer in Singapore Marine Fuel 0.5% MOC from Aug 21

S&P Global Platts will include the PIS Pioneer as an additional delivery point in the FOB Singapore Marine Fuel 0.5% assessment process from Aug. 21, 2020.

PIS Pioneer (IMO 9294563) is operated by Pertamina International Shipping as a floating storage unit at Tanjung Pelepas in southern Malaysia's Johor state.

Platts first proposed the inclusion of the PIS Pioneer as an additional delivery point in a subscriber note published June 11, 2020:

http://plts.co/LlRa30qYtEl.

There are currently nine FSUs approved as additional delivery points in the Platts FOB Singapore fuel oil and marine fuel assessment process. The standards applicable to approved FSUs require that sellers specifically name the vessel used as delivery point at the time of submitting offers to Platts for publishing.

Any offer of oil from vessels accredited for the FOB Singapore fuel oil and marine fuel assessment process would be on a FOB FSU basis. Sellers cannot unilaterally nominate an approved vessel as a delivery point in FOB Straits trades.

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.