SUBSCRIBER NOTE: Platts amends timestamp for Fujairah ex-wharf 380 CST HSFO assessments

Following industry feedback, S&P Global Platts has amended the timestamp for its Fujairah ex-wharf 380 CST fuel oil assessments starting August 1, 2017.

Platts proposed the change in a subscriber note published June 6, 2017.

Following the change, the assessments reflect trading activity up to 5:30 pm Singapore time or 01:30 pm Fujairah time.

Prices assessed in this market reflect activity reported to Platts throughout the day, and values for all reported trades are normalized to reflect the prevailing market value at 5:30 p.m. Singapore time.

Previously, the timestamp for the assessment was 4:30 pm Singapore time or 12:30 pm Fujairah time.

The change aligns the Fujairah ex-wharf Market on Close assessment process with the typical period of peak activity in this market. Following the change, the Fujairah ex-wharf MOC assessment process runs concurrently with the Asia Pacific and Middle East bunker MOC processes.

Platts announced the launch of the Fujairah ex-wharf fuel oil assessments in a subscriber note published April 3, 2017: https://www.platts.com/subscriber-notes-details/27804357

From August 1, Platts also began publishing MOPAG derivatives values for balance month and two forward months 180 CST fuel oil at 5:30 pm Singapore time.

These derivatives settle on the average of Platts netback outright values, known as MOPAG.

Platts uses the 5.30 pm MOPAG swaps to assess the value of the forward strip FO MOPAG 180 CST representing 5-15 days forward MOPAG settlement.

Timestamp for the following assessments have changed to 5:30 p.m. Singapore time from 4:30 p.m. Singapore time: FO 380 CST Ex-wharf Fujairah AAYBF00 FO MOPAG 180 CST strip AAYBD00 Ex-wharf Fujairah 380 CST vs MOPAG 180 CST strip AAYBG00

The following new swaps assessments are published at 5:30 p.m. Singapore time:

FO 180 CST MOPAG Swap 1730 SGT Balmo AADZB00 FO 180 CST MOPAG Swap 1730 SGT M1 AADZM01 FO 180 CST MOPAG Swap 1730 SGT M2 AADZM02

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