ULSD Cargo CIF Med
This cash assessment reflects the value of a cargo of ultra-low-sulfur diesel delivered CIF Mediterranean basis Lavera 10-to-25 days forward from the date of publication. Other ports will also be taken into account for the assessment. This product is the primary fuel used for diesel transport 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.
Currency and unit of measure: $/mt
Quantity: 25-30kt Min 5kt
Time of assessment: 16:30:00 Europe/London
Publishing frequency: Daily
Spec: French spec diesel. Max sulfur 10ppm. Density .845 kg/l.
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