ULSD Cargo FOB Med

This cash assessment reflects the value of a cargo of ultra-low-sulfur diesel loading FOB Mediterranean basis Lavera 10-to-25 days forward from the date of publication and excludes Russia-origin. Quantum identifies Russian-origin diesel and gasoil as: not arriving or loading on a ship controlled, operated or flagged by Russia, or where to the seller's best knowledge it has not been produced or blended with Russian produced molecules. 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.