SUBSCRIBER NOTE: Platts considers new Singapore fuel oil delivery points

Platts is considering the Energy Star, Fortune Star and Amity Star as additional delivery points in the FOB Singapore fuel oil assessment process.

The VLCC Energy Star is operated by BP Singapore Pte Ltd and Gunvor Singapore Pte Ltd, while the VLCC Fortune Star is operated by Mercuria Energy Trading Pte Ltd and the VLCC Amity Star is operated by Mitsui & Co Energy Trading Singapore Pte Ltd and are classed as floating storage units, or FSUs.

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

There are currently two floating storage units approved as additional delivery points in Platts FOB Singapore fuel oil assessment process. Platts confirmed to include the Very Large Crude Carrier Speranza operated by Vitol Asia Ltd and the Very Large Crude Carrier Jade Palms operated by Itochu Singapore Pte Ltd in its Market on Close assessment process with effect from September 24, 2015.

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.

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