Gasoil (500ppm) FOB Singapore
This is a 0.05% diesel that was the main stay of diesel specification in Asia until recently as many countries are now moving to 10ppm. Physical cargoes trade and are assessed at a discount to the 10ppm swaps curve for loading 15-30 days from the assessment date. The balmo and monthly assessments are Quantum's assessed value of swaps contracts that are financially-settled against S&P Global Platts' average monthly assessment published on the calendar month in question. The swaps assessments roll monthly on the 1st of each month.
Currency and unit of measure: $/b
Incoterm: FOB
Quantity: 100,000 - 250,000 bl, 1,000 bl
Time of assessment: 16:30:00 Asia/Singapore
Publishing frequency: Daily
Spec: Max 0.5% sulfur
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