HSFO 380 CST FOB Med
This cash assessment reflects the value of a cargo of fuel oil with a maximum sulfur content of 3.5% loading FOB Mediterranean basis Genoa, Lavera 10-to-25 days forward from the date of publication. This product is used as a bunker fuel in the shipping industry and can only be used in vessels that have technology that scrubs sulfur from the exhaust. It is a flat price assessment. 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. So, on 31 May, M+2 represents July loading. On 1 June M+2 represents August loading.
Currency and unit of measure: $/mt
Quantity: 25-30kt, 5kt
Time of assessment: 16:30:00 Europe/London
Publishing frequency: Daily
Spec: High Sulfur Fuel Oil Meeting standard RMG 380 cst spec. 35,000 ppm sulfur
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