ULSD Cargo FOB NWE
This cash assessment reflects the value of a cargo of ultra-low-sulfur diesel loading FOB Northwest Europe basis ARA, 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.
Currency and unit of measure: $/mt
Time of assessment: 16:30:00 Europe/London
Publishing frequency: Daily
Spec: French/Benelux spec diesel. Max sulfur 10ppm. Density .845 kg/l.
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