Platts proposes including SA Oceania FSU in Singapore fuel oil cargo, ex-wharf bunker MOC

Platts, part of S&P Global Commodity Insights, is considering the inclusion of the vessel SA Oceania as an additional loading point in its Singapore Market on Close assessment process for cargo and ex-wharf bunkers for marine fuel 0.5% and 380 CST HSFO from Oct. 18.

SA Oceania (IMO 9246633) is operated by Southern Ace Marine Sdn. Bhd. as a floating storage unit at Kukup Port Limit. There are currently 10 FSUs approved as additional loading points in the FOB Singapore cargo and ex-wharf bunkers MOC process for marine fuel 0.5% and 380 CST HSFO.

The standards applicable to approved FSUs require that sellers specifically name the vessel used as a loading point at the time of submitting offers to Commodity Insights for publishing. Any offer of oil from vessels accredited for the FOB Singapore cargo and ex-wharf bunkers MOC process for marine fuel 0.5% and 380 CST HSFO would be on FOB FSU basis. Sellers cannot unilaterally nominate an approved vessel as a loading point in FOB Straits trades.

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