Platts will not include FSU SA Europe in Singapore fuel oil cargo, ex-wharf bunker MOC

Platts, part of S&P Global Commodity Insights, will not include the vessel SA Europe as an additional loading point in its Platts Market on Close assessment process in Singapore for cargo and ex-wharf bunkers for marine fuel 0.5% and 380 CST HSFO, following a review of the vessel.

SA Europe (IMO 9235268) is operated by Southern Ace Marine Sdn. Bhd. as a floating storage unit at Kukup within Tanjung Pelepas Port Limits in southern Malaysia's Johor state.

Platts first proposed including the SA Europe as an additional delivery point in the FOB Singapore assessment process for cargo and ex-wharf bunkers for marine fuel 0.5% and 380 CST HSFO in a subscriber note published May 18 -- https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/051823-s-p-global-proposes-including-fsu-sa-europe-in-singapore-fuel-oil-cargo-ex-wharf-bunker-moc-from-july-3.

There are currently nine 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 S&P Global 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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