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Other: The FOB NWE assessment is typically derived from the<br />
CIF value based on a freight differential representing freight<br />
costs for handy size vessels on typical routes within NWE.. Platts<br />
uses the $/mt for cross UK Cont vessels carried in Platts Clean<br />
Tankerwire, rounded to the nearest $0.25/mt.<br />
Background: DEFSTAN 91/91 was formerly referred to as DERD<br />
2494. The UK Ministry of Defence has updated Defstan 91-91,<br />
the defining standard for Jet A1 in Europe, with the release Feb 8<br />
of issue 5. Since Feb 8, 2005, Platts jet NWE and Mediterranean<br />
assessments have reflected issue 5 spec, having previously Platts<br />
reflected Defstan 91-91 issue 4 specification. Defstan 91/91<br />
issue 4 was published June 14, 2002 and defined a sulfur limit of<br />
0.3% maximum<br />
Dispatch Category EB<br />
12 Char. Symbol PRPJK$NWECLU<br />
9 Char. Symbol(s) PPJKNESCH · PPJKNESCL<br />
7 Char. Symbol PJAAV00<br />
Earliest Date 01-JUL-1986<br />
Vendors BLM CQI DRI EMS FTP FUT KR RTR SAR<br />
Description Jet Kero FOB NWE Cargoes<br />
PJABA00 JET BARGES FOB ARA<br />
Quality: The assessments reflect standard commercial Jet-A1<br />
specifications, as defined by UK Ministry of Defence in DEFSTAN<br />
91/91 latest issue. The UK Ministry of Defence has updated<br />
Defstan 91-91, the defining standard for Jet A1 in Europe, with<br />
the release Feb 8 of issue 5. Since Feb 8, Platts jet NWE and<br />
Mediterranean assessments have reflected issue 5 spec, having<br />
previously Platts reflected Defstan 91-91 issue 4 specification.<br />
Typical DEFSTAN specifications under issue 5 are as follows:<br />
Sulfur is 0.3% maximum, specific gravity is 0.775-0.840 g/ml,<br />
flash point is 38 degrees C minimum, freeze point is minus 47<br />
degrees C maximum.<br />
Size: Barge assessments reflect parcels of 2,000-5,000mt each.<br />
Parcels of 1,000 mt are not considered in the assessment.<br />
Location: Jet barges are basis FOB Rotterdam. Any transactions<br />
occurring at other loading ports in NWE are typically normalized<br />
on a freight differential basis back to Rotterdam. Platts considers<br />
bids and offers from Rotterdam, Antwerp, Amsterdam, Ghent<br />
and Flushing.<br />
Timing: Reflects material for loading 3-15 (Monday-Tuesday)<br />
or 5-15 (Wednesday through Friday) days from date of<br />
publication, with prices normalized to the mid-point of this<br />
loading window.<br />
Other: N/A<br />
Background: DEFSTAN 91/91 was formerly referred to as DERD<br />
2494. The UK Ministry of Defence has updated Defstan 91-91,<br />
the defining standard for Jet A1 in Europe, with the release Feb 8<br />
METHODOLOGY GUIDE JET FUEL<br />
EUROPEAN PRODUCTS<br />
of issue 5. Since Feb 8, 2005, Platts jet NWE and Mediterranean<br />
assessments have reflected issue 5 spec, having previously Platts<br />
reflected Defstan 91-91 issue 4 specification. Defstan 91/91<br />
issue 4 was published June 14, 2002 and defined a sulfur limit of<br />
0.3% maximum<br />
Dispatch Category EB<br />
12 Char. Symbol PRPJK$RTTCMC<br />
9 Char. Symbol(s) PPJKRTSBH · PPJKRTSBL<br />
7 Char. Symbol PJABA00<br />
Earliest Date 03-SEP-1979<br />
Vendors BLM CQI DRI EMS FTP FUT KR RTR SAR<br />
Description Jet FOB R'dam Barges<br />
16<br />
AAIDL00 JET FUEL FOB MED<br />
Quality: The assessments reflect standard commercial Jet-A1<br />
specifications, as defined by UK Ministry of Defence in DEFSTAN<br />
91/91 latest issue and the Joint Fueling System Checklist. The<br />
Joint Fueling System Checklist requires jet fuel to meet the more<br />
stringent requirements of Defstan 91 91 5 and the American<br />
Society for Testing & Materials', Standard Specification D 1655-<br />
04a. Typical DEFSTAN specifications under issue 5 are as follows:<br />
Sulfur is 0.3% maximum, specific gravity is 0.775-0.840 g/ml,<br />
flash point is 38 degrees C minimum, freeze point is minus 47<br />
degrees C maximum.<br />
Size: 27.5 kt.<br />
Location: FOB Med basis Augusta<br />
Timing: Reflects material for delivery 10-25 days from date of<br />
publication, with prices normalized to the mid-point of this<br />
delivery window.<br />
Other: Details of the calculation methodology for Jet Fuel FOB<br />
Med are as follows: The calculation takes the spot Worldscale<br />
rate as published in Platts Marine Alert and Platts Clean<br />
Tankerwire, for jet fuel Med-Northwest Europe pro-rated from<br />
30kt to 27.5kt. This total is multiplied by the flat rate Augusta-<br />
Rotterdam as defined by Worldscale, and the appropriate<br />
allowance for harbor dues at Rotterdam is then added. The result<br />
of this formula is rounded to the nearest $0.25/mt and<br />
subtracted from the mean of the CIF Northwest European jet<br />
assessment, to define the FOB Med mean. The spread low to<br />
high on the FOB Med is set $0.50/mt either side of this mean.<br />
Platts Marine Department assess the worldscale rate for jet<br />
cargoes for the route Med-Northwest Europe. The rate has been<br />
published on a daily basis in Platts Marine Alert and in the daily<br />
Clean Tankerwire, effective Nov 1, 2001. This rate is applied to<br />
determine the netback calculation of the FOB Mediterranean Jet<br />
Aviation Fuel assessment.<br />
Adjustments to the formula are made on the first working day of<br />
January each year to reflect updated Worldscale flat rates as