LNG
November 27, 2025
Platts clarifies nominations for prompt delivery cargoes in JKM LNG MOC
Platts, part of S&P Global Energy, would like to clarify the standard nomination guidelines for prompt delivery cargoes, i.e., cargoes delivered less than 30 days from date of publication in the Asia LNG physical Platts Market on Close assessment process, effective Nov. 27, 2025.
For prompt delivery cargoes, Platts will consider for publication only JKM bids, offers and trades that adhere to the following established editorial guidelines for nominations of the final one-day delivery window, final discharge country, specific volume from a volume range, final load port and ship.
This is in line with Platts observations of standard industry practice that all nominations, except for final delivery port within the same country, are final for bids and offers of prompt delivery cargoes.
Platts will also consider for publication bid or offer terms that provide the counterparty greater flexibility of nomination, such as a volume range for bids or a three-day delivery window for offers.
| Specifications | Standard | Prompt (delivery within 30 days from publication) |
| Delivery window | Three days long, with the buyer to narrow to a one-day delivery window 30 days before the first day of the initial delivery window. | Buyers must state a one-day delivery window in bids. |
| Discharge location | Buyers must state a base discharge port in bids, as well as nominate a base discharge port upon confirmation of a traded offer. Buyers to nominate a delivery country, and a specific port within that country, at least 30 days before the first day of the initial window. Platts will only publish bids, offers and trades, with the buyer's option to substitute a delivery port within the same country at the latest by 15 days before the final delivery window. | Buyers must state the final discharge country in bids, with the option to substitute the delivery port within the same country at the latest by 15 days before the final delivery window. Buyers to nominate the final discharge country upon consummation of a traded offer. |
| Loading location | Sellers must state a base loading port in offers, as well as nominate a base loading port upon confirmation of a traded bid. Sellers to substitute the loading port latest by 30 days prior to the initial delivery window subject to the GHV quality range reported in the trade | Sellers must state the final loading port in offers, as well as nominate the final loading port upon consummation of a traded bid. |
| Quantity | For bids, offers and trades submitted in a volume range, sellers must declare a specific volume latest by 30 days prior to the initial delivery window. | Sellers must state the specific volume in offers, as well as nominate specific volume upon consummation of a traded bid in a volume range. |
| LNG ship | Sellers must state a base vessel in the offers, as well as nominate a base vessel upon confirmation of a traded bid. Sellers to substitute delivery vessels at the latest by 30 days prior to the initial delivery window. | Sellers must state the final vessel in offers, as well as nominate the final vessel upon consummation of a traded bid. |
Please send all comments, feedback and questions to LNGeditorialteam@spglobal.com and pricegroup@spglobal.com.
For written comments, please provide a clear indication if they are not intended for publication by Platts for public viewing.
Platts will consider all comments received and will make those not marked as confidential available upon request.