S&P Global Platts has expanded the list of ports reflected in its Market on Close assessment process for CIF Northwest European Jet cargoes, effective January 13, 2020 to include Oikos Terminal at Thames in the UK.
This follows a decision note published December 6, 2019 which can be found here: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/120619-platts-to-expand-list-of-ports-reflected-for-cif-nwe-jet-cargoes-moc-assessment-process
Following market feedback, Platts understands that Oikos terminal at Thames is an active and regular location for the importation of jet fuel. Platts understands that the draft restrictions at Oikos terminal are 14 meters and throughput is estimated between 1 million and 1.5 million mt/year.
Platts will publish bids and offers for "Thames-Oikos" in the MOC assessment process for CIF NWE Jet Cargoes, in addition to the ports currently reflected. The location will be added to eWindow functionality on January 20.
In the interim, Platts expects market participants wishing to bid or offer into the port via the eWindow software to select the generic 'Port' hub and specify "Thames-Oikos" in the Terms, Quality and Conditions (TQC) box.
Platts currently publishes bids and offers into the following locations:
Belgium: Antwerp, Antwerp ATPC, Antwerp Oiltank Ghent, Ghent Oiltank
France: Le Havre, Le Havre CIM
Netherlands: Amsterdam, Amsterdam Oiltank, Rotterdam
UK: Avonmouth, Fawley, Hamble, Immingham, Isle of Grain, Milford haven, Pembroke, Royal Portbury Docks, Shell Haven.
The CIF NWE Jet cargo assessment is published in the Platts European Marketscan and PGA page 1410 and is identified in the Platts price database under the code: PJAAU00.
Please send any comments or questions to europe_products and pricegroup. For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.