SUBSCRIBER NOTE: Platts considers new Singapore fuel oil delivery points

Platts is considering the Speranza and Jade Palms as additional delivery points in the FOB Singapore fuel oil assessment process.

The VLCC Speranza is operated by Vitol Asia Ltd while the VLCC Jade Palms is operated by Itochu Singapore Pte Ltd and are classed as floating storage units, or FSU's.

Both vessels are anchored at Tanjung Pelepas in the Johor province of southern Malaysia.

There are currently no floating storage units approved as additional delivery points in the FOB Singapore fuel oil assessment process.

The standards applicable to approved floating storage units require that sellers specifically name the vessel used as delivery point.

Any vessel accredited for the FOB Singapore fuel oil assessment process would be on a FOB FSU basis and cannot be nominated into FOB Straits.

Please send comments or questions by 7 September 2015 to asia_oilproducts@platts.com and pricegroup@platts.com.

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