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PUAAM00 FUEL OIL 1% CARGOES FOB NWE
Quality: A range of qualities from Northwest European refineries
is reflected. Cargo assessments are typically based on a
maximum sulfur of 1%, a viscosity of 420 centistokes at 50
degrees C, and a specific gravity of 0.965 to 0.990 g/l Currently
the top end of this SG range (0.990) is considered more typical.
of the market overall Very low sulfur material may be considered
at a premium.
Size: Cargo assessments typically reflect parcels of 25-30,000mt
each, although smaller volumes may be considered. On the
FOB Northwest Europe, cargoes up to 50,000 mt may be taken
into account when arbitrage openings present themselves.
Location: FOB NWE basis Antwerp.
Timing: Reflects material for loading 10-25 days from date of
publication, with prices normalized to the mid-point of this
delivery window.
Other: Material trading from other origins may be normalized
back to Antwerp, depending on the destination for the oil.
Where the FOB value is calculated from values in the USAC,
Platts uses the price at New York Harbour to FOB Antwerp based
on 50,000 mt cargo size and using a SG conversion of 6.4.
Background: PLatts has in the past reflected material with
specific gravity of .965 to 0.990 g/ml but such qualities are no
longer typical under current market conditions.
Dispatch Category EB
12 Char. Symbol PRP610NWEBRM
9 Char. Symbol(s) PPF5NESCH · PPF5NESCL
7 Char. Symbol PUAAM00
Earliest Date 01-JUL-1980
Vendors BLM CQI DRI EMS FTP FUT KR RTR SAR
Description 1PCT Fuel FOB NWE Cargoes
PUAAP00 FUEL OIL 1% BARGES
Quality: The assessment reflects Belgium spec fuel oil with a
maximum sulfur of 1%. German DIN spec material is not
reflected. The quality represented is, however, in line with
power plant requirements in the region. This results in the
price of the material being influenced by specification such
as metals content s much as the sulfur content. The metals
content in the 3.5% sulfur is tighter than the specs in 1.0%
barges. This may result in 1.0% sulfur being at times cheaper
than 3.5%, but the cause is the metals content, obviously
not the sulfur.
Size: Barge assessments reflect parcels of 1,000- 5,000mt each.
METHODOLOGY GUIDE CRACKED FUEL OIL
EUROPEAN PRODUCTS
Location: FOB ARA basis Antwerp.
Timing: Barge assessments reflect parcels for loading 3-15
(Monday-Tuesday) or 5-15 (Wednesday through Friday) days
forward.
Other: N/A
Background: In the past, the low-high range included both
German and Belgian spec.
Dispatch Category EB
12 Char. Symbol PRP610RTTBRS
9 Char. Symbol(s) PPF5RTSBH · PPF5RTSBL
7 Char. Symbol PUAAP00
Earliest Date 03-SEP-1979
Vendors BLM CQI DRI EMS FTP FUT KR RTR SAR
Description 1PCT Fuel FOB R'dam Barges
27
PUAAY00 FUEL OIL 3.5% CARGOES CIF MED
Quality: The typical quality reflected is 3.5% maximum sulfur
with 420 cst max viscocity and 0.995 density. Platts takes an
inclusive approach to the assessment, as the quality of fuel oil in
the Med is less homogenous than that in NWE. Bunker grade
material is considered in the CIF Med assessment, but typically
at a premium to the typical quality assessed. The premium varies
according to market conditions.
Size: Cargo assessments typically reflect handy size parcels of 25-
30,000mt each although smaller volumes may be considered.
The smaller volume on CIF reflects local port constraints.
Location: CIF basis Genoa/Lavera
Timing: Reflects material for delivery 10-25 days from date of
publication, with prices normalized to the mid-point of this
delivery window.
Other: N/A
Background: From Apr 2, 2001, bunker grade material was
considered in the assessment with the specific gravity range
extended to 0.991-0.998. Higher density cargoes of up to 1.020
SG were viewed as typically traded at a discount to the
assessed quality.
Dispatch Category EB
12 Char. Symbol PRP635GNABSM
9 Char. Symbol(s) PPFBMGDCH · PPFBMGDCL
7 Char. Symbol PUAAY00
Earliest Date 03-SEP-1979
Vendors BLM CQI DRI EMS FTP FUT KR RTR SAR
Description 3.5PCT Fuel CIF Med Cargoes