S&P Global Platts proposes to expand the list of ports reflected in its Market on Close assessment process for CIF Northwest European Jet cargoes, effective January 13, to include Oikos Terminal at Thames in the UK.
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 at 1 million mt-1.5 million mt per year.
Under the proposal, Platts would start publishing 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 at a later date. In the interim, Platts would expect 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, Milfordhaven, Pembroke, Royal Portbury Docks, Shell Haven.
Platts is requesting feedback on all aspects of this proposal, including the suitability of the new port listed as well as comments on the current list of ports reflected in the assessment process.
The CIF NWE Jet cargo assessment is published in the Platts European Marketscan and PGA page 1489 and is identified in the Platts price database under the code: PJAAU00.
Please send any feedback by December 1 to Europe_Products@spglobal.com with a CC to PriceGroup@spglobal.com.
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.