HSFO 380 CST (3.5% sulfur) FOB Singapore
This cash assessment reflects the value of fuel oil cargoes loading 15-30 days from the date of assessment. It is used as a bunker fuel. It can only be used in vessels that have technology that scrub sulfur from the exhaust. It trades on a flat price basis and as a differential to underlying forward curve. It differs from the ex-wharf price due to the cargo size. 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.
Currency and unit of measure: $/mt
Quantity: 20-40kt, 100 mt
Time of assessment: 16:30:00 Asia/Singapore
Publishing frequency: Daily
Spec: High Sulfur Fuel Oil Meeting standard RMG 380 cst spec. 35,000 ppm sulfur
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