Jet fuel FOB Barge FARAG

This cash assessment reflects the value of a barge of jet fuel loading FOB FARAG 3-to-15 days forward from the date of publication. This product is the primary fuel used for jet engine aircraft in Europe. It is a flat price assessment and is traded as a differential to low-sulfur gasoil futures or as a differential to the underlying forward curve. 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.