S&P Global Platts Global-Bunker-Fuels & Indices
S&P Global Platts Global-Bunker-Fuels & Indices
S&P Global Platts Global-Bunker-Fuels & Indices
Revision history 44
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Specifications Guide Global Bunker Fuels: June 2020
Definitions of the trading locations for which Platts publishes daily indexes or assessments
The following specifications guide contains the primary specifications and methodologies for S&P Global Platts bunker fuel assessments and indexes around the world. All the assessments listed
here employ Platts Assessments Methodology, as published at https://www.spglobal.com/platts/plattscontent/_assets/_files/en/our-methodology/methodology-specifications/platts-assessments-
methodology-guide.pdf.
These guides are designed to give Platts subscribers as much information as possible about a wide range of methodology and specification questions.
This guide is current at the time of publication. Platts may issue further updates and enhancements to this guide and will announce these to subscribers through its usual publications of record. Such
updates will be included in the next version of this guide. Platts editorial staff and managers are available to provide guidance when assessment issues require clarification.
The IMO-compliant Marine Fuel 0.5% bunker assessments reflect specifications for RMG fuels as defined by the International Organization for Standardization in document ISO 8217:2010 Petroleum
products -- Fuels (class F) -- Specifications of marine fuels, but with a maximum sulfur limit of 0.5% and a minimum viscosity of 30 CST at 50 degrees Celsius.
High sulfur bunker fuel assessments globally reflect maximum sulfur content of 3.5%. The worldwide market generally follows similar specifications for these grades in all locations. Effective January
2, 2019, all Platts bunker assessments published globally conform to specifications as defined by the International Organization for Standardization in document ISO 8217:2010 Petroleum products -
Fuels (class F) - Specifications of marine fuels. Bunker fuel reflected in Platts assessments shall not contain Used Lubricating Oil (ULO). Fuel is deemed to contain used lubricants when either a) Calcium
exceeds a 30 mg/kg maximum and Zinc exceeds a 15 mg/kg maximum; or b) Calcium exceeds a 30 mg/kg maximum and Phosphorus exceeds a 15 mg/kg maximum.
The ISO 8217:2010 standard includes the Micro Carbon Residue (MCR) standard for measuring material’s coke-forming tendencies. Platts therefore no longer specifies the Conradson Carbon Residue
(CCR) measurement used in some of Platt’s fuel oil assessments in order to remain consistent with the ISO 8217:2010 standard. The two measuring bases express the results of two different, but
considered broadly equivalent, tests measuring coke-forming tendencies in tested substances. In both the cases of MCR and CCR, the results of the two relevant tests are expressed in the same manner
of mass of carbon in the material being tested (% m/m).
Unless otherwise specified, Platts bunker fuel assessments for all ports reflect the following standards:
Marine Fuel 0.5% bunker: Specifications generally conform with ISO 8217:2010 standards for RMG fuels but the additional requirement of a minimum viscosity of 30 CST at 50 degrees Celsius. These
include: Calculated Carbon Aromaticity Index: 870 maximum; Sulfur: maximum 0.5%; Flash point: minimum 60 degrees Celsius; Hydrogen sulfide: 2 mg/kg maximum; Acidity: 2.5 mg KOH/g maximum; Pour
point (upper) winter quality: 30 degrees Celsius maximum, summer quality: same; Water: 0.5% maximum; Ash: 0.10% maximum; Vanadium: maximum 350 mg/kg; Sodium: maximum 100 mg/kg; Aluminum
plus Silicon: 60 mg/kg maximum.
IFO 500 CST: Platts IFO 500 CST assessments reflect specifications for RMK 500 CST, ISO 8217: 2010. These include: Approximate Kinematic Viscosity: maximum 500 CST at 50 degrees Celsius; Sulfur:
maximum 3.5%; Flash point: minimum 60 degrees Celsius; Pour point (upper) winter quality: maximum 30 degrees Celsius, summer quality: same; Water: maximum 0.5%; Ash: maximum 0.15%; Vanadium:
maximum 450 mg/kg; Aluminum plus silicon: maximum 60 mg/kg.
IFO 380 CST: Specifications generally conform with that of RMG 380 CST, ISO 8217:2010. These include: Approximate Kinematic Viscosity: maximum 380 CST at 50 degrees Celsius; Calculated Carbon
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Specifications Guide Global Bunker Fuels: June 2020
Aromaticity Index: 870 maximum; Sulfur: maximum 3.5%; Flash point: minimum 60 degrees Celsius; Hydrogen sulfide: 2 mg/kg maximum; Acidity: 2.5 mg KOH/g maximum; Pour point (upper) winter quality:
30 degrees Celsius maximum, summer quality: same; Water: 0.5% maximum; Ash: 0.10% maximum; Vanadium: maximum 350 mg/kg; Sodium: maximum 100 mg/kg; Aluminum plus Silicon: 60 mg/kg
maximum.
IFO 180 CST: Specifications generally conform with that of RME 180 CST, ISO 8217:2010. These include: Approximate Kinematic Viscosity: maximum 180 CST at 50 degrees Celsius; Calculated Carbon
Aromaticity Index: 860 maximum; Sulfur: maximum 3.5%; Flash point: minimum 60 degrees Celsius; Hydrogen sulfide: 2 mg/kg maximum; Acidity: 2.5 mg KOH/g maximum; Pour point (upper) winter quality:
30 degrees Celsius maximum, summer quality: same; Water: 0.5% maximum; Ash: 0.070% maximum; Vanadium: maximum 150 mg/kg; Sodium: maximum 50 mg/kg; Aluminum plus Silicon: 50 mg/kg
maximum.
Low sulfur 1% bunker fuels: Platts assesses low sulfur 380 CST and 180 CST bunker fuel with a maximum sulfur limit of 1% at various ports.
Marine diesel oil 0.5%: Specifications generally conform with that of DMB, ISO 8217:2010, with a maximum sulfur content of 0.5%. These include: Kinematic viscosity at 40 degrees Celsius: maximum 11
CST and minimum 2 CST; Cetane index: minimum 35; Sulfur: maximum 0.5%; Flash point: minimum 60 degrees Celsius; Hydrogen sulfide: 2 mg/kg maximum; Acidity: 0.5 mg KOH/g maximum; Oxidation
stability: 25 g/m3; Pour point (upper) winter quality: 0 degrees Celsius maximum, summer quality: 6 degrees Celsius maximum; Water: 0.3% maximum; Ash: 0.01% maximum; Lubricity at 60 degrees
Celsius: 520 um.
Marine gasoil 0.5%: Specifications generally conform with that of DMA, ISO 8217:2010, with a maximum sulfur content of 0.5%. These include: Kinematic Viscosity at 40 degrees Celsius: maximum 6
CST and minimum 2 CST; Cetane index: minimum 40; Sulfur: maximum 0.5%; Flash point: minimum 60 degrees Celsius; Hydrogen sulfide: 2 mg/kg maximum; Acidity: 0.5 mg KOH/g maximum; Oxidation
stability: 25 g/m3; Pour point (upper) winter quality: - 6 degrees Celsius maximum, summer quality 0 degrees Celsius maximum; Ash: 0.01% maximum; Lubricity at 60 degrees Celsius: 520 um.
Marine gasoil 0.1%: Specifications generally conform with that of DMA, ISO 8217:2010, with a 0.1% sulfur maximum limit.
Marine diesel oil 0.1%: Platts assess prices of low sulfur marine diesel oil that generally conform with that of DMB ISO 8217:2010 with a maximum sulfur content of 0.1%.
Ultra low sulfur bunker fuel: Platts assess 0.1% sulfur bunker fuel. Specifications in Europe conform with an RMD 80 specification.
© 2020 S&P Global Platts, a division of S&P Global Inc. All rights reserved. 3
Specifications Guide Global Bunker Fuels: June 2020
© 2020 S&P Global Platts, a division of S&P Global Inc. All rights reserved. 4
Specifications Guide Global Bunker Fuels: June 2020
© 2020 S&P Global Platts, a division of S&P Global Inc. All rights reserved. 5
Specifications Guide Global Bunker Fuels: June 2020
50 E
delivered basis in Singapore, Fujairah, Japan (Tokyo Bay), South
Korea (Busan/Ulsan), Hong Kong, Shanghai and Zhoushan. Bids
and offers are published in a 100 mt range for parcels under
1,000 mt, and in a 200 mt range for parcels above 1,000 mt.
Buyers and sellers may submit bids and offers for the following
volume range: 500-600 mt, 600-700 mt, 700-800 mt, 800-900
mt, 900-1,000 mt, 1,000-1,200 mt, 1,100-1,300 mt, 1,200-1,400
Strait of
mt and 1,300-1,500 mt. Buyers in the Platts Market on Close
Hormuz
assessment process for delivered bunkers must declare the
exact volume to the seller within one working day after the trade BAHRAIN Persian Gulf
OMAN
has been concluded. Buyers/sellers must specify a loading
PUAEX00
laycan of three days at the time of submitting bids or offers for
PUACO00 Khor Fakkan
publication in the assessment process. Buyers must also provide SAUDI ARABIA AARKI00 Gulf of Oman
to the seller a written notice of arrival of the nominated vessel at QATAR PUAXP00 25 N
the place of delivery at least 48 hours prior to the day of delivery. Fujairah PUAXQ00
Sellers are expected to deliver bunker fuel that is merchantable, MFFJD00
within port limits to the buyer’s nominated vessel in a timely AARKH00
manner. AAXYP00 (LSMGO)
AAYBF00
Prices assessed for these markets reflect activity reported to MFFJE00
Contract Basis
Platts throughout the day, and values for all reported trades Grade Delivered Ex-Wharf
UNITED ARAB EMIRATES
are always normalized to reflect the prevailing value of the IFO 380
market at 5:30 pm in Singapore. Prices are assessed in $/mt. IFO 180
OMAN
They do not represent an average of the day’s trades. Confirmed Marine fuel 0.5%
trades, bids and offers reported throughout the day are included Marine gasoil (MGO)
in the assessment process, with values normalized towards Low sulfur marine gasoil
0 50 mi
representative values for the close of the market as needed.
In addition to such information, activities on the physical and Source: S&P Global Platts
© 2020 S&P Global Platts, a division of S&P Global Inc. All rights reserved. 6
Specifications Guide Global Bunker Fuels: June 2020
180
RUSSIA
E
150 E
derivative Singapore fuel oil markets are also taken into account
during assessment. KAZAKHSTAN
MONGOLIA AARJZ00
AARJY00
AARKA00 (MDO)
In Japan, bunker fuel assessments reflect activity in the Tokyo/ ASIA AARKD00 AAXYU00 (LSMDO)
Yokohama Bay area. The West Japan assessment reflects AARKC00 Ulsan JAPAN
deliveries in Setouchi (includes Mizushima and Fukuyama ports), and Busan Tokyo Bay
MFSHD00
CHINA
Kyushu (Oita port) and Hanshin areas (Kobe and Osaka ports). AARKE00 PUAEV00
Shanghai Setouchi
AAXYR00 (LSMGO) PUACK00
Activity in other ports is normalized to Setouchi after taking into 30 N
MFJPD00
account barging costs. NEPAL MFZSD00 PUAFR00
Zhoushan POACI00 (MDO)
MGZSD00 (LSMGO)
INDIA PUAGQ00 AAXYT00
In South Korea, assessments reflect delivered bunker PUAER00 Taiwan PUADT00 (LSMDO)
market activity in Busan and Ulsan. The delivered MGO 0.1% Mumbai PUAGP00
PUACC00 Hong
Kong CB3AN00 MFSKD00
assessments in Singapore, Fujairah, Hong Kong, Shanghai, MFHKD00
THAI. CB1AU00 AARKJ00
Zhoushan and South Korea and MDO 0.1% assessments in AASSH00 AAXYQ00
(LSMGO) CB1AR00 AAVBN00 PACIFIC
Tokyo Bay and West Japan reflect fuel with maximum sulfur AASSG00
CB1AT00 OCEAN
AASSI00 AAXYS00 (LSMGO)
content of 0.10% m/m. VIET.
SRI LANKA CB1AS00
Colombo CBGAM00
MALAYSIA CBGAP00
Ex-wharf bunker fuel PUAGS00 Singapore
CBGAN00
PUAGR00 0
Platts assesses ex-wharf prices for Singapore and Fujairah. In INDO. CBGAQ00
AARKK00 INDO.
Singapore, Platts ex-wharf assessments reflect 1,000-6,000 AAVUO00
INDO.
PUAFT00 Java
mt parcels for loading 3-15 days forward from the date of Sea P.N.G.
INDIAN PUADW00
publication. Buyers/sellers must specify a loading laycan of OCEAN MFSPD00
three days at the time of submitting bids or offers for publication ea
AALMZ00 or S
Tim
in the assessment process. Platts also assesses Marine Fuel AAXYO00 (LSMGO)
Contract Basis
0.5% bunker fuel on ex-wharf basis in Singapore and Fujairah. AAVUP00
Grade Delivered Ex-Wharf
Fujairah ex-wharf assessments reflect 2,000-7,000 mt parcels AAFER00
IFO 500
loading 5-15 days forward. AAFET00
IFO 380 MFSPE00
IFO 180 AUSTR ALI A
Parcel to be supplied on an ex-wharf basis one safe terminal,
Marine fuel 0.5%
offshore delivery but within the port limits of Singapore or 30 S
Marine gasoil (MGO)
Fujairah to buyer’s nominated vessel/barge. Inter/in Tank Sydney
Others*
Transfer (ITT) is also acceptable. The buyer should nominate
*Includes low sulfur marine Melbourne
the barge/vessel between two and five working days in advance gasoil and low sulfur marine PUAEA00
diesel oil
of the load date as per current industry practices at the AARKF00
PUAWL00
various load terminals. The seller should notify the buyer of
AARKG00
barge acceptance promptly and within a reasonable time. The 0 500 mi
acceptance is subjected to terminal availability. Seller should
supply material that is merchantable. Source: S&P Global Platts
© 2020 S&P Global Platts, a division of S&P Global Inc. All rights reserved. 7
Specifications Guide Global Bunker Fuels: June 2020
In the event of the buyer being unable to load the purchased loading terminal or mother vessel in the event of barge-to-barge shall be made on the same day of the overdue payment made by
parcel within the contractual loading date range, a surcharge loading. the buyer.
will be applied. The surcharge is in the amount of US$0.60/mt
per seven calendar days. The surcharge shall be imposed on any Payment: Payment should be made in US dollars in accordance Typical industry contracts add that the following paragraph shall
unlifted quantity after the last day of the contractual loading to previously established payment practices. These payment not be construed by the buyer as an indication of the seller’s
date range (last day of the contractual loading date range shall practices include full invoice value by telegraphic transfer, willingness to provide extended credit.
count as day zero). cheque, and by collection within 30 days from the date of loading
(i.e. Date of certificate of quantity from loading terminal). Date Credit terms: Buyer shall open an irrevocable standby letter of
Mooring/Wharfage/Piloting: Any cost associated with the barge of loading to count as day one. Payment shall be made without credit or banker’s guarantee from a first class international bank
transportation shall be borne by the buyer. withholding, deduction, discount, counter claim or offset of any located in Singapore in form and substance acceptable to seller
kind against presentation of seller’s invoice. All bank charges at and valid for a minimum duration of 60 days from the date of
Quantity and quality should be based on certificate of quantity the buyer’s bank will be borne by the buyer’s account. All bank loading. Buyer shall open letter of credit or banker’s guarantee
and quality issued by seller’s loading terminal. In the event of a charges at the seller’s bank will be borne by the seller’s account. no later than 10 working days from the loading date. The letter
dispute, seller and buyer to jointly appoint a mutually acceptable If payment falls due on a Sunday or Monday Singapore banking of credit or banker’s guarantee shall be open for an amount of at
independent inspector to determine quality and quantity holiday, payment shall be made on the immediate following least 105% of the estimated purchase value.
based on loading samples and figures. If an issue arises over banking day. Payment falling due on a Saturday or non-Monday
the surveyor, either party has the right to appoint an additional banking holiday in Singapore shall be made on the previous Law and arbitration: Any dispute arising in connection with
surveyor. Cost of appointing mutual inspector shall be equally banking day. this agreement, including any questions regarding its existing,
shared between buyer and seller. validity or termination shall be referred to and resolved by
In the event that payment was not settled against invoice on arbitration in Singapore in accordance with the arbitration
Demurrage: Not applicable, but seller is to supply cargo within the due date, then without prejudice to the application of any rules of Singapore International Arbitration Centre (‘SIAC
reasonable time. provisions hereof and/or to any other remedy available to buyer Rules’) for the time being in force which rules are deemed to
herein or otherwise, buyer shall pay interest on the overdue be incorporated by agreement of the parties and there are
Tolerance: Industry standards allow for an operational tolerance amount at the prime lending rate assessed. Typically a US no oral promises, representations or warranties affecting it.
level on quantity of plus/minus 5%. dollar interest rate reflecting the average of four major banks in The language of the arbitration shall be English. The validity,
Singapore or a major bank is used. In addition, seller adds 2% construction and performance of the agreement shall be
Title and Risk: Title and risk of product shall pass to buyer when to the base rate or 2% per month whichever is higher, until and governed by the law of Singapore.
oil passes buyer’s vessel/barge permanent flange connection at including the date settlement is made. Payment of the interest
© 2020 S&P Global Platts, a division of S&P Global Inc. All rights reserved. 8
Specifications Guide Global Bunker Fuels: June 2020
© 2020 S&P Global Platts, a division of S&P Global Inc. All rights reserved. 9
Specifications Guide Global Bunker Fuels: June 2020
© 2020 S&P Global Platts, a division of S&P Global Inc. All rights reserved. 10
Specifications Guide Global Bunker Fuels: June 2020
© 2020 S&P Global Platts, a division of S&P Global Inc. All rights reserved. 11
Specifications Guide Global Bunker Fuels: June 2020
10 E
Contract Basis
Timing: Platts bunker assessments in Europe reflect the market Grade Delivered
value at 16:30 London time, for bunker fuel supplied one to eight IFO 380
FINLAND
IFO 180
days forward from the date of publication. They do not represent
Marine fuel 0.5%
an average of the day’s trades. Confirmed trades, bids and offers
Marine gasoil (MGO) St. Petersburg
reported throughout the day will be included in the assessment
Ultra low sulfur fuel NORWAY
process, with values normalized towards representative values
ALAND AAHSU00
for the close of the market as needed. In addition to such
AAHSS00
information, activity on the physical and derivative European fuel 60 N
E U R O P E MFDPT00
oil markets may also be taken into account during assessment. AARTJ00
ESTONIA
ALMPA00
SWEDEN
Typical Parcel Size: Typical sizes vary from port to port, but are Baltic Sea
North Sea RUSSIA
generally between 300 to 1,000 mt. Sizes defined for specific UNITED KINGDOM
assessments are typical, not minimums and maximums. Gothenburg
LATVIA
However, trades reported for volumes outside typical ranges
may be considered atypical when assessing standard tradable AAVVX00
volumes. AAVVY00
MFDGT00
DENMARK LITHUANIA
AAVWC00
Delivery: Bunkers are assessed on either an ex-wharf or
delivered basis which includes all barging costs. The following
RUSSIA
ports are assessed ex-wharf: Ceuta, French Med (Fos), Augusta, AAXRM00 Gdansk
Genoa and Dakar. PUAFN00 BELARUS
PUADN00 AAHTA00
MFRDD00 Hamburg AAHSY00
The following ports are assessed delivered: Rotterdam,
AARTG00 MFGDA00
Antwerp, Hamburg, Gdansk, St Petersburg, Gibraltar, Algeciras, PUAYW00 NETH. AARSP00
Dunkirk, Las Palmas, Lisbon, Tenerife, Malta, Istanbul, PUAEQ00
UNITED AARBF00
KINGDOM PUABZ00
Novorossiisk, Piraeus. Durban and Algoa Bay. POLAND
MFDHB00
Rotterdam
Antwerp
AARSZ00 E U R O P E
Loading range: Assessments reflect product supplied 1-8 days Dunkirk
forward from the date of publication. BELGIUM
GERMANY
PUAEE00 UKRAINE
PUAEL00
PUABG00
Marine Gasoil: Assessments for Europe reflect Marine Gasoil PUABT00
MFDAN00
POABT00 LUXEMBOURG
0.1% sulfur, while African assessments reflect 0.1%-1.5% sulfur. AARSI00 CZECH REP.
MOLDOVA
FRANCE
SLOVAKIA
0 100 mi AUSTRIA
HUNGARY ROMANIA
Source: S&P Global Platts SWITZERLAND
SWITZERLAND
© 2020 S&P Global Platts, a division of S&P Global Inc. All rights reserved. 12
Specifications Guide Global Bunker Fuels: June 2020
GERMANY
HUNGARY UKRAINE
AUSTRIA RUSSIA
FRANCE ROMANIA
Genoa Novorosiisk
French Med
ITALY
AARSR00 AASHF00
BULGARIA
PUAFD00
Istanbul AASHE00 GEORGIA
PUAEO00
PORTUGAL PUAET00 MFDNV00
PUABX00 AARSQ00
SPAIN PUACG00
Lisbon PUACX00 GREECE AASHG00
POABX00
Piraeus MFDIS00
MFLIS00 MFGEN00 Augusta TURKEY
PBABK00 POACF00
PUAED00
MALTA PUABF00 PUAFL00
Malta
Ceuta Algeciras Gibraltar MFAUG00 AARFT00 SYRIA
PUAEG00 PUAFA00 AAKAB00 PBABJ00 AARTE00
IRAQ
PUABL00 PUACT00 AAJZZ00 PUADK00
PUBFH00
AARSK00 MFAGD00 MFGBD00 MFPRD00
PUBFG00
AARSH00 AARSU00 POADG00
Las Palmas/Tenerife MFMLD00
PUAFB00 Canary Islands PBADH00
PUACU00 ALGERIA
AARKM00 LIBYA EGYPT
MFDLP00 SAUDI ARABIA
PUAGV00
AARTB00
PUAGW00
MAURITANIA
MALI
A F R I C A
NIGER
Dakar SUDAN
CHAD YEMEN
POABP00
SENEGAL
BURKINA
FASO
TOGO
GUINEA
ATLANTIC
NIGERIA
OCEAN ETHIOPIA
CôTE
D'IVOIRE GHANA Lomé S. SUDAN
CENTRAL AFRICAN REP. PUAGX00
Offshore Nigeria
BOTSWANA MFDBD00
AAYJJ00 CAMEROON NAMIBIA
PUAGY00 SOMALIA
AAYJK00 PUAGU00
Contract Basis PUABR00
Grade Delivered Ex-Wharf MFLOM00 PUAGT00 SOUTH
EQUATOR CONGO AAXDB00
KENYA
AAYJL00 AFRICA
IFO 380 AARKL00 GABON
IFO 180 MFALG00
DEM. REP. CONGO
AMGAA00 Durban
Marine fuel 0.5%
Marine gasoil (MGO) Algoa Bay
TANZANIA
0 500 mi
0
ANGOLA
ZAMBIA
Source: S&P Global Platts
© 2020 S&P Global Platts, a division of S&P Global Inc. All rights reserved. 13
Specifications Guide Global Bunker Fuels: June 2020
AMERICAS
Assessment Code Mavg Contract basis Location Delivery period Min size Max size Typical size Currency UOM Conv
Marine Fuel 0.5% Bunker Delivered Houston MFHOD00 MFHOD03 Delivered Houston 3-7 Days Forward 250 500 - US$ MT 6.35
Marine Fuel 0.5% Bunker Ex-Wharf Houston MFHOE00 MFHOE03 Ex-wharf Houston 3-7 Days Forward 250 1000 - US$ MT 6.35
Marine Fuel 0.5% Bunker Delivered New York MFNYD00 MFNYD03 Delivered New York 3-7 Days Forward 250 500 - US$ MT 6.35
Marine Fuel 0.5% Bunker Ex-Wharf New York MFNYE00 MFNYE03 Ex-wharf New York 3-7 Days Forward 250 1000 - US$ MT 6.35
Marine Fuel 0.5% Bunker Delivered Los Angeles MFLAD00 MFLAD03 Delivered Los Angeles 3-10 Days Forward 250 750 - US$ MT 6.35
Marine Fuel 0.5% Bunker Ex-Wharf Balboa MFBAE00 MFBAE03 Ex-wharf Balboa, Panama 3-10 Days Forward 500 1500 - US$ MT 6.35
Marine Fuel 0.5% Bunker Delivered New Orleans MFNOD00 MFNOD03 Delivered New Orleans 3-7 Days Forward 250 500 - US$ MT 6.35
Marine Fuel 0.5% Bunker Ex-Wharf New Orleans MFNOE00 MFNOE03 Ex-wharf New Orleans 3-7 Days Forward 250 1000 - US$ MT 6.35
Marine Fuel 0.5% Bunker Delivered Philadelphia MFPAD00 MFPAD03 Delivered Philadelphia 3-7 Days Forward 250 500 - US$ MT 6.35
Marine Fuel 0.5% Bunker Ex-Wharf Philadelphia MFPAE00 MFPAE03 Ex-wharf Philadelphia 3-7 Days Forward 250 1000 - US$ MT 6.35
Marine Fuel 0.5% Bunker Delivered Seattle MFSED00 MFSED03 Delivered Seattle 3-10 Days Forward 250 750 - US$ MT 6.35
Marine Fuel 0.5% Bunker Ex-Wharf Seattle MFSEE00 MFSEE03 Ex-wharf Seattle 3-10 Days Forward 500 1500 - US$ MT 6.35
Marine Fuel 0.5% Bunker Delivered Vancouver MFVAD00 MFVAD03 Delivered Vancouver 3-10 Days Forward 250 750 - US$ MT 6.35
Marine Fuel 0.5% Bunker Ex-Wharf Vancouver MFVAE00 MFVAE03 Ex-wharf Vancouver 3-10 Days Forward 500 1500 - US$ MT 6.35
Marine Fuel 0.5% Bunkers Delivered Montreal AMFMO00 AMFMO03 Delivered Montreal 3-10 Days Forward 250 500 - US$ MT 6.35
Marine Fuel 0.5% Bunkers Ex-Wharf Montreal AMFMN00 AMFMN03 Ex-wharf Montreal 3-10 Days Forward 250 1000 - US$ MT 6.35
Marine Fuel 0.5% Bunkers Delivered San Francisco AMFSF00 AMFSF03 Delivered San Francisco 3-10 Days Forward 250 750 - US$ MT 6.35
Marine Fuel 0.5% Bunkers Ex-Wharf San Francisco AMFSN00 AMFSN03 Ex-wharf San Francisco 3-10 Days Forward 500 1500 - US$ MT 6.35
Marine Fuel 0.5% Bunker Delivered Buenos Aires MFBAD00 MFBAD03 Delivered Buenos Aires, Argentina 3-7 Days Forward 250 1500 - US$ MT 6.35
Marine Fuel 0.5% Bunker Delivered Cartagena MFCRD00 MFCRD03 Delivered Cartagena, Colombia 3-7 Days Forward 250 1500 - US$ MT 6.35
Marine Fuel 0.5% Bunker Delivered Santos MFSAD00 MFSAD03 Delivered Santos, Brazil 3-7 Days Forward 250 1500 - US$ MT 6.35
Marine Fuel 0.5% Bunker Delivered Valparaiso AMFVA00 AMFVA03 Delivered Valparaiso, Chile 3-7 Days Forward 250 1500 - US$ MT 6.35
Marine Fuel 0.5% Bunkers Delivered El Callao AMFCA00 AMFCA03 Delivered El Callao, Peru 3-7 Days Forward 250 1500 - US$ MT 6.35
Marine Fuel 0.5% Bunkers Delivered Guayaquil AMFGY00 AMFGY03 Delivered Guayaquil, Ecuador 3-7 Days Forward 250 1500 - US$ MT 6.35
Marine Fuel 0.5% Bunkers Delivered La Libertad AMFLB00 AMFLB03 Delivered La Libertad, Ecuador 3-7 Days Forward 250 1500 - US$ MT 6.35
Marine Fuel 0.5% Bunkers Delivered Montevideo AMFMT00 AMFMT03 Delivered Montevideo, Uruguay 3-7 Days Forward 250 1500 - US$ MT 6.35
Bunker FO 180 CST 3.5% Ex-Wharf Balboa PUBAC00 PUBAC03 Ex-wharf Balboa, Panama 3-10 Days Forward - - 300 US$ MT 6.35
Bunker FO 380 CST 3.5% Ex-Wharf Balboa PUBAD00 PUBAD03 Ex-wharf Balboa, Panama 3-10 Days Forward 500 1,500 - US$ MT 6.35
Bunker FO 180 CST 3.5% Delivered Cartagena PUBAE00 PUBAE03 Delivered Cartagena, Colombia 3-7 Days Forward - - 150 US$ MT 6.35
Bunker FO 380 CST 3.5% Delivered Cartagena AAJOA00 AAJOB00 Delivered Cartagena, Colombia 3-7 Days Forward 250 1,500 - US$ MT 6.35
Bunker FO 180 CST 3.5% Delivered Charleston AAMNY00 AAMNZ00 Delivered Charleston, SC 3-7 Days Forward - - 150 US$ MT 6.35
Bunker FO 180 CST 3.5% Ex-Wharf Charleston AAMOH00 AAMOI00 Ex-wharf Charleston, SC 3-7 Days Forward - 300 US$ MT 6.35
Bunker FO 380 CST 3.5% Delivered Charleston AAMNV00 AAMNW00 Delivered Charleston, SC 3-7 Days Forward 250 500 - US$ MT 6.35
Bunker FO 380 CST 3.5% Ex-Wharf Charleston AAMOE00 AAMOF00 Ex-wharf Charleston, SC 3-7 Days Forward 250 1,000 - US$ MT 6.35
Bunker FO 180 CST 3.5% Ex-Wharf Cristobal PUABJ00 PUABJ03 Ex-wharf Cristobal, Panama 3-10 Days Forward - - 300 US$ MT 6.35
Bunker FO 380 CST 3.5% Ex-Wharf Cristobal PUAEF00 PUAEF03 Ex-wharf Cristobal, Panama 3-10 Days Forward 500 1,500 - US$ MT 6.35
Bunker FO 180 CST 3.5% Delivered El Callao PUAYO00 PUAYO03 Delivered El Callao, Peru 3-7 Days Forward - - 150 US$ MT 6.35
Bunker FO 380 CST 3.5% Delivered El Callao PUAYP00 PUAYP03 Delivered El Callao, Peru 3-7 Days Forward 250 1,500 - US$ MT 6.35
Bunker FO 180 CST 3.5% Delivered Guayaquil AAJOE00 AAJOF00 Delivered Guayaquil, Ecuador 3-7 Days Forward - - 150 US$ MT 6.35
Bunker FO 380 CST 3.5% Delivered Guayaquil AAJOC00 AAJOD00 Delivered Guayaquil, Ecuador 3-7 Days Forward 250 1,500 - US$ MT 6.35
Bunker FO 180 CST 3.5% Delivered Houston AAGPA00 AAGPB00 Delivered Houston 3-7 Days Forward - - 150 US$ MT 6.35
Bunker FO 180 CST 3.5% Ex-Wharf Houston PUACE00 AAGPC00 Ex-wharf Houston 3-7 Days Forward - - 300 US$ MT 6.35
Bunker FO 380 CST 3.5% Delivered Houston AAGPD00 AAGPE00 Delivered Houston 3-7 Days Forward 250 500 - US$ MT 6.35
Bunker FO 380 CST 3.5% Ex-Wharf Houston PUAES00 AAGPF00 Ex-wharf Houston 3-7 Days Forward 250 1,000 - US$ MT 6.35
Bunker FO 180 CST 3.5% Delivered La Libertad PUAYS00 PUAYS03 Delivered La Libertad, Ecuador 3-7 Days Forward - - 150 US$ MT 6.35
Bunker FO 380 CST 3.5% Delivered La Libertad PUAYT00 PUAYT03 Delivered La Libertad, Ecuador 3-7 Days Forward 250 1,500 - US$ MT 6.35
Bunker FO 180 CST 3.5% Delivered Los Angeles AAGPJ00 AAGPK00 Delivered Los Angeles 3-10 Days Forward - - 150 US$ MT 6.35
Bunker FO 180 CST 3.5% Ex-Wharf Los Angeles PUACR00 AAGPL00 Ex-wharf Los Angeles 3-10 Days Forward - - 300 US$ MT 6.35
Bunker FO 380 CST 3.5% Delivered Los Angeles AAGPM00 AAGPN00 Delivered Los Angeles 3-10 Days Forward 250 750 - US$ MT 6.35
Bunker FO 380 CST 3.5% Ex-Wharf Los Angeles PBAAP00 AAGPO00 Ex-wharf Los Angeles 3-10 Days Forward 500 1,500 - US$ MT 6.35
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Specifications Guide Global Bunker Fuels: June 2020
AMERICAS
Assessment Code Mavg Contract basis Location Delivery period Min size Max size Typical size Currency UOM Conv
Bunker FO 180 CST 3.5% Delivered Montevideo PUBAR00 PUBAR03 Delivered Montevideo, Uruguay 3-7 Days Forward - - 150 US$ MT 6.35
Bunker FO 380 CST 3.5% Delivered Montevideo PUBAQ00 PUBAQ03 Delivered Montevideo, Uruguay 3-7 Days Forward 250 1,500 - US$ MT 6.35
Bunker FO 180 CST 3.5% Delivered Montreal AARUQ00 AARUQ03 Delivered Montreal 3-7 Days Forward - - 150 US$ MT 6.35
Bunker FO 180 CST 3.5% Ex-Wharf Montreal PUACY00 AAGPU00 Ex-wharf Montreal 3-7 Days Forward - - 300 US$ MT 6.35
Bunker FO 380 CST 3.5% Delivered Montreal AARUP00 AARUP03 Delivered Montreal 3-7 Days Forward 250 500 - US$ MT 6.35
Bunker FO 380 CST 3.5% Ex-Wharf Montreal PUAFE00 AAGPX00 Ex-wharf Montreal 3-7 Days Forward 250 1,000 - US$ MT 6.35
Bunker FO 180 CST 3.5% Delivered New Orleans AAGQB00 AAGQC00 Delivered New Orleans 3-7 Days Forward - - 150 US$ MT 6.35
Bunker FO 180 CST 3.5% Ex-Wharf New Orleans PUADC00 AAGQD00 Ex-wharf New Orleans 3-7 Days Forward - - 300 US$ MT 6.35
Bunker FO 380 CST 3.5% Delivered New Orleans AAGQE00 AAGQF00 Delivered New Orleans 3-7 Days Forward 250 500 - US$ MT 6.35
Bunker FO 380 CST 3.5% Ex-Wharf New Orleans PUAFH00 AAGQG00 Ex-wharf New Orleans 3-7 Days Forward 250 1,000 - US$ MT 6.35
Bunker FO 180 CST 3.5% Delivered New York AAGQK00 AAGQL00 Delivered New York 3-7 Days Forward - - 150 US$ MT 6.35
Bunker FO 180 CST 3.5% Ex-Wharf New York PUADE00 AAGQM00 Ex-wharf New York 3-7 Days Forward - - 300 US$ MT 6.35
Bunker FO 380 CST 3.5% Delivered New York AAGQN00 AAGQO00 Delivered New York 3-7 Days Forward 250 500 - US$ MT 6.35
Bunker FO 380 CST 3.5% Ex-Wharf New York PUAFI00 AAGQP00 Ex-wharf New York 3-7 Days Forward 250 1,000 - US$ MT 6.35
Bunker FO 500 CST 3.5% Delivered New York AACNY00 AACNY03 Delivered New York 3-7 Days Forward 1,000 4,000 - US$ MT 6.23
Bunker FO 500 CST 3.5% Ex-wharf New York AABNY00 AABNY03 Ex-wharf New York 3-7 Days Forward 1,000 4,000 - US$ MT 6.23
Bunker FO 180 CST 3.5% Delivered Norfolk AAGQT00 AAGQU00 Delivered Norfolk 3-7 Days Forward - - 150 US$ MT 6.35
Bunker FO 180 CST 3.5% Ex-Wharf Norfolk PUADA00 AAGQV00 Ex-wharf Norfolk 3-7 Days Forward - - 300 US$ MT 6.35
Bunker FO 380 CST 3.5% Delivered Norfolk AAGQW00 AAGQX00 Delivered Norfolk 3-7 Days Forward 250 500 - US$ MT 6.35
Bunker FO 380 CST 3.5% Ex-Wharf Norfolk PUAFG00 AAGQY00 Ex-wharf Norfolk 3-7 Days Forward 250 1,000 - US$ MT 6.35
Bunker FO 180 CST 3.5% Ex-Wharf Panama Canal AAXWL00 AAXWL03 Ex-wharf Panama Canal 3-10 Days Forward - - 300 US$ MT 6.35
Bunker FO 380 CST 3.5% Ex-Wharf Panama Canal AAXWG00 AAXWG03 Ex-wharf Panama Canal 3-10 Days Forward 500 1,500 - US$ MT 6.35
Bunker FO 180 CST 3.5% Delivered Philadelphia AAGRC00 AAGRD00 Delivered Philadelphia 3-7 Days Forward - - 150 US$ MT 6.35
Bunker FO 180 CST 3.5% Ex-Wharf Philadelphia PUADH00 AAGRE00 Ex-wharf Philadelphia 3-7 Days Forward - - 300 US$ MT 6.35
Bunker FO 380 CST 3.5% Delivered Philadelphia AAGRF00 AAGRG00 Delivered Philadelphia 3-7 Days Forward 250 500 - US$ MT 6.35
Bunker FO 380 CST 3.5% Ex-Wharf Philadelphia PUAFJ00 AAGRH00 Ex-wharf Philadelphia 3-7 Days Forward 250 1,000 - US$ MT 6.35
Bunker FO 180 CST 3.5% Delivered San Francisco AAGRU00 AAGRV00 Delivered San Francisco 3-10 Days Forward - - 150 US$ MT 6.35
Bunker FO 180 CST 3.5% Ex-Wharf San Francisco PUBCZ00 AAGRW00 Ex-wharf San Francisco 3-10 Days Forward - - 300 US$ MT 6.35
Bunker FO 380 CST 3.5% Delivered San Francisco AAGRX00 AAGRY00 Delivered San Francisco 3-10 Days Forward 250 750 - US$ MT 6.35
Bunker FO 380 CST 3.5% Ex-Wharf San Francisco PBADF00 AAGRZ00 Ex-wharf San Francisco 3-10 Days Forward 500 1,500 - US$ MT 6.35
Bunker FO 180 CST 3.5% Ex-Wharf Savannah AAXJS00 AAXJS03 Ex-wharf Savannah 3-7 Days Forward - - 300 US$ MT 6.35
Bunker FO 380 CST 3.5% Ex-Wharf Savannah AAXJR00 AAXJR03 Ex-wharf Savannah 3-7 Days Forward 250 1,000 - US$ MT 6.35
Bunker FO 180 CST 3.5% Delivered Seattle AAGSD00 AAGSE00 Delivered Seattle 3-10 Days Forward - - 150 US$ MT 6.35
Bunker FO 180 CST 3.5% Ex-Wharf Seattle PUADP00 AAGSF00 Ex-wharf Seattle 3-10 Days Forward - - 300 US$ MT 6.35
Bunker FO 380 CST 3.5% Delivered Seattle AAGSG00 AAGSH00 Delivered Seattle 3-10 Days Forward 250 750 - US$ MT 6.35
Bunker FO 380 CST 3.5% Ex-Wharf Seattle PBABB00 AAGSI00 Ex-wharf Seattle 3-10 Days Forward 500 1,500 - US$ MT 6.35
Bunker FO 180 CST 3.5% Delivered Valparaiso PUAYQ00 PUAYQ03 Delivered Valparaiso, Chile 3-7 Days Forward - - 150 US$ MT 6.35
Bunker FO 380 CST 3.5% Delivered Valparaiso PUAYR00 PUBDK03 Delivered Valparaiso, Chile 3-7 Days Forward 250 1,500 - US$ MT 6.35
Bunker FO 180 CST 3.5% Delivered Vancouver AAJKW00 AAJKX00 Delivered Vancouver 3-10 Days Forward - - 150 US$ MT 6.35
Bunker FO 180 CST 3.5% Ex-Wharf Vancouver AAIAV00 AAIAW00 Ex-wharf Vancouver 3-10 Days Forward - - 300 US$ MT 6.35
Bunker FO 380 CST 3.5% Delivered Vancouver AAJKU00 AAJKV00 Delivered Vancouver 3-10 Days Forward 250 750 - US$ MT 6.35
Bunker FO 380 CST 3.5% Ex-Wharf Vancouver AAIAT00 AAIAU00 Ex-wharf Vancouver 3-10 Days Forward 500 1,500 - US$ MT 6.35
Marine Gasoil Ex-Wharf Balboa PBACU00 PBACU03 Ex-wharf Balboa, Panama 3-10 Days Forward - - 150 US$ MT 7.45
Marine Gasoil Delivered Buenos Aires PBABR00 PBABR03 Delivered Buenos Aires, Argentina 3-7 Days Forward - - 75 US$ MT 7.45
Marine Gasoil Delivered Cartagena PBACW00 PBACW03 Delivered Cartagena, Colombia 3-7 Days Forward - - 75 US$ MT 7.45
Marine Gasoil Delivered Charleston AAWWV00 AAWWV03 Delivered Charleston, SC 3-7 Days Forward - - 75 US$ MT 7.45
Marine Gasoil Ex-Wharf Charleston AAWYP00 AAWYP03 Ex-wharf Charleston, SC 3-7 Days Forward - - 150 US$ MT 7.45
Marine Gasoil Ex-Wharf Cristobal POABJ00 POABJ03 Ex-wharf Cristobal, Panama 3-10 Days Forward - - 150 US$ MT 7.45
Marine Gasoil Delivered El Callao PBABW00 PBABW03 Delivered El Callao, Peru 3-7 Days Forward - - 75 US$ MT 7.45
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Specifications Guide Global Bunker Fuels: June 2020
AMERICAS
Assessment Code Mavg Contract basis Location Delivery period Min size Max size Typical size Currency UOM Conv
Marine Gasoil Delivered Guayaquil AAJOG00 AAJOH00 Delivered Guayaquil, Ecuador 3-7 Days Forward - - 75 US$ MT 7.45
Marine Gasoil Delivered Houston AAWWX00 AAWWX03 Delivered Houston 3-7 Days Forward - - 75 US$ MT 7.45
Marine Gasoil Ex-Wharf Houston AAWYQ00 AAWYQ03 Ex-wharf Houston 3-7 Days Forward - - 150 US$ MT 7.45
Marine Gasoil Delivered La Libertad PBABY00 PBABY03 Delivered La Libertad, Ecuador 3-7 Days Forward - - 75 US$ MT 7.45
Marine Gasoil Delivered Los Angeles AAWWY00 AAWWY03 Delivered Los Angeles 3-10 Days Forward - - 75 US$ MT 7.45
Marine Gasoil Ex-Wharf Los Angeles AAWYR00 AAWYR03 Ex-wharf Los Angeles 3-10 Days Forward - - 150 US$ MT 7.45
Marine Gasoil Delivered Montevideo PBADA00 PBADA03 Delivered Montevideo, Uruguay 3-7 Days Forward - - 75 US$ MT 7.45
Marine Gasoil Delivered Montreal AAWWZ00 AAWWZ03 Delivered Montreal 3-7 Days Forward - - 75 US$ MT 7.45
Marine Gasoil Ex-Wharf Montreal AAWYS00 AAWYS03 Ex-wharf Montreal 3-7 Days Forward - - 150 US$ MT 7.45
Marine Gasoil Delivered New Orleans AAWYA00 AAWYA03 Delivered New Orleans 3-7 Days Forward - - 75 US$ MT 7.45
Marine Gasoil Ex-Wharf New Orleans AAWYT00 AAWYT03 Ex-wharf New Orleans 3-7 Days Forward - - 150 US$ MT 7.45
Marine Gasoil Delivered New York AAWYB00 AAWYB03 Delivered New York 3-7 Days Forward - - 75 US$ MT 7.45
Marine Gasoil Ex-Wharf New York AAWYU00 AAWYU03 Ex-wharf New York 3-7 Days Forward - - 150 US$ MT 7.45
Marine Gasoil Delivered Norfolk AAWYC00 AAWYC03 Delivered Norfolk 3-7 Days Forward - - 75 US$ MT 7.45
Marine Gasoil Ex-Wharf Norfolk AAWYV00 AAWYV03 Ex-wharf Norfolk 3-7 Days Forward - - 150 US$ MT 7.45
Marine Gasoil Ex-Wharf Panama Canal AAXWI00 AAXWI03 Ex-wharf Panama Canal 3-10 Days Forward - - 150 US$ MT 7.45
Marine Gasoil Delivered Philadelphia AAWYD00 AAWYD03 Delivered Philadelphia 3-7 Days Forward - - 75 US$ MT 7.45
Marine Gasoil Ex-Wharf Philadelphia AAWYW00 AAWYW03 Ex-wharf Philadelphia 3-7 Days Forward - - 150 US$ MT 7.45
Marine Gasoil Delivered San Francisco AAWYF00 AAWYF03 Delivered San Francisco 3-10 Days Forward - - 75 US$ MT 7.45
Marine Gasoil Ex-Wharf San Francisco AAWZE00 AAWZE03 Ex-wharf San Francisco 3-10 Days Forward - - 150 US$ MT 7.45
Marine Gasoil Delivered Santos AAXWO00 AAXWO03 Delivered Santos, Brazil 3-7 Days Forward - - 75 US$ MT 7.45
Marine Gasoil Ex-Wharf Savannah AAWZF00 AAWZF03 Ex-wharf Savannah 3-7 Days Forward - - 150 US$ MT 7.45
Marine Gasoil Delivered Seattle AAWYL00 AAWYL03 Delivered Seattle 3-10 Days Forward - - 75 US$ MT 7.45
Marine Gasoil Ex-Wharf Seattle AAWZG00 AAWZG03 Ex-wharf Seattle 3-10 Days Forward - - 150 US$ MT 7.45
Marine Gasoil Delivered Valparaiso PBABX00 PBABX03 Delivered Valparaiso, Chile 3-7 Days Forward - - 75 US$ MT 7.45
Marine Gasoil Delivered Vancouver AAWYM00 AAWYM03 Delivered Vancouver 3-10 Days Forward - - 75 US$ MT 7.45
Marine Gasoil Ex-Wharf Vancouver AAWZH00 AAWZH03 Ex-wharf Vancouver 3-10 Days Forward - - 150 US$ MT 7.45
Bunker barging rate Charleston AARUD00 AARUD03 - Charleston, SC - - - - US$ MT -
Bunker barging rate Houston AARUF00 AARUF03 - Houston - - - - US$ MT -
Bunker barging rate Los Angeles AARUH00 AARUH03 - Los Angeles - - - - US$ MT -
Bunker barging rate Montreal AARUC00 AARUC03 - Montreal - - - - US$ MT -
Bunker barging rate New Orleans AARUG00 AARUG03 - New Orleans - - - - US$ MT -
Bunker barging rate New York AARUA00 AARUA03 - New York - - - - US$ MT -
Bunker barging rate Norfolk AARUE00 AARUE03 - Norfolk - - - - US$ MT -
Bunker barging rate Philadelphia AARUB00 AARUB03 - Philadelphia - - - - US$ MT -
Bunker barging rate San Francisco AARUI00 AARUI03 - San Francisco - - - - US$ MT -
Bunker barging rate Seattle AARUJ00 AARUJ03 - Seattle - - - - US$ MT -
Bunker barging rate Vancouver AARUL00 AARUL03 - Vancouver - - - - US$ MT -
Posted Price
Petrobras Bunker VLSFO 0.5% Dlvd Paranagua* PUAVA00 PUAVA03 - Paranagua, Brazil - 200 - - US$ MT -
Petrobras Bunker VLSFO 0.5% Dlvd Rio de Janeiro* PUAVB00 PUAVB03 - Rio de Janeiro, Brazil - 200 - - US$ MT -
Petrobras Bunker VLSFO 0.5% Dlvd Salvador* PUAVC00 PUAVC03 - Salvador, Brazil - 200 - - US$ MT -
Petrobras Bunker VLSFO 0.5% Dlvd Santos* PUAVD00 PUAVD03 - Santos, Brazil - 200 - - US$ MT -
Marine Gasoil Delivered Paranagua* PBABS00 PBABS03 - Paranagua, Brazil - - - - US$ MT -
Marine Gasoil Delivered Rio de Janeiro* PBABU00 PBABU03 - Rio de Janeiro, Brazil - - - - US$ MT -
Marine Gasoil Delivered Salvador* PBABV00 PBABV03 - Salvador, Brazil - - - - US$ MT -
Marine Gasoil Delivered Santos* PBABT00 PBABT03 - Santos, Brazil - - - - US$ MT -
*These posted prices are provided by Petrobras and are not assessed by Platts
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Specifications Guide Global Bunker Fuels: June 2020
Montreál
Americas assessments Vancouver
AARUP00
AAJKU00
AARUQ00
AAJKW00
Timing: Platts bunker fuel assessments in the Americas reflect AMFMO00
MFVAD00
deliveries three to seven days after the date of publication for AAWWZ00
AAWYM00
ports in the US Gulf Coast, the US Atlantic Coast, and Latin PUAFE00
AAIAT00
America, excluding Panama. For ports on the US West Coast and AAIAV00
PUACY00
BC AMFMN00
in Panama the range is three to 10 days, due to differences in MFVAE00 CANADA
AAWYS00
market operations there. AAWZH00
QC
New York
Size: Bunker fuel volumes vary by region, product and delivery Seattle NO RTH AACNY00
WA
basis. For IFO 380 CST, IFO 500 CST and Marine Fuel 0.5% AAGSG00 AAGQN00
AAGSD00 AME R I CA AAGQK00
bunker fuel, volumes are defined in a minimum-maximum range.
MFSED00 MFNYD00
For example, the minimum size for ex-wharf IFO 380 CST bunker
AAWYL00 NY AAWYB00
fuel in US Gulf Coast ports is 250 mt while the maximum size is
PBABB00 AABNY00
1,000 mt. IFO 180 CST and Marine Gasoil assessments reflect PUADP00
PA
PUAFI00
typical volumes, without a specific minimum-maximum range.
UNITED STATES
MFSEE00 PUADE00
Trades reported for volumes outside of typical volumes may be AAWZG00 CA VA MFNYE00
Norfolk
considered atypical when assessing standard tradable volumes. AAWYU00
San Francisco AAGQW00
AAGRX00 AAGQT00
Delivery: Bunker fuel is assessed on either an ex-wharf or SC
AAWYC00 Philadelphia
AAGRU00
delivered basis. The following ports are assessed ex-wharf: GA
PUAFG00 AAGRF00
AMFSF00 Los Angeles
Balboa, Charleston, Cristobal, Houston, Los Angeles, Montreal, AAWYF00 AAGPM00
TX LA PUADA00 ATLANTIC
AAGRC00
New Orleans, New York, Norfolk, Panama Canal, Philadelphia, PBADF00 AAGPJ00 AAWYV00 OCEAN MFPAD00
of delivering bunker fuel adjusted to a per metric ton basis by IFO 180
dividing the lump-sum value by typical volumes delivered of Marine fuel 0.5%
IFO 380 CST and marine gasoil. For example, the Houston barge Marine gasoil (MGO)
0 200 mi
rate would reflect the cost to deliver 375 mt of IFO 380 CST and
75 mt of marine gasoil. It is not an assessment for a specific- Source: S&P Global Platts
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Specifications Guide Global Bunker Fuels: June 2020
60 W
90 W
30 W
sized barge, but instead is the result of a compilation of several
MEXICO Balboa prevailing prices.
Cristobal Cartagena
Panama Canal AAJOA00
PUBAE00 VENEZUELA ATLANTIC Marine Gasoil: All assessments for the Americas reflect Marine
GUY. OCEAN Gasoil 0.1% sulfur.
PANAMA PUAYT00 MFCRD00
AAXWG00 SUR. FR.
PUBAD00 PUAYS00 PBACW00
PUAEF00
Panama Canal: Platts assesses IFO 180 CST, IFO 380 CST and
AMFLB00
COLOMBIA Marine Gasoil 0.1% on an ex-wharf basis in the Panamanian
PUBAC00 PBABY00
AAXWL00 La ECU.
SOUTH ports of Balboa and Cristobal and basis Panama Canal. Platts
PUABJ00 Libertad Guayaquil also assesses Marine Fuel 0.5% bunkers on an ex-wharf basis
TOR
EQUA
MFBAE00 AAJOC00 AME RIC A in Balboa. Typically, the values for these products in Balboa and
PBACU00 AAJOE00 Cristobal on either side of the canal are the same. On occasions
AAXWI00 AMFGY00 when one port is valued differently than the other port, the
BRAZIL
POABJ00 AAJOG00
PERU Panama Canal assessment would reflect the lower value for that
El Callao particular product.
PUAYP00
PUAYO00 BOLIVIA Posted Prices: Platts publishes Brazilian bunker fuel posted
AMFCA00 prices daily for VLSFO and Marine Gasoil on a delivered basis
PBABW00
into Paranagua, Rio de Janeiro, Salvador and Santos, using
the most recent posted prices Platts receives from Brazil’s
PARA. Santos
PACIFIC
Petrobras. Since posted prices are third-party data, the
OCEAN CHILE database codes will only update on days when Platts receives
MFSAD00 new posted prices from Petrobras.
ARGENTINA AAXWO00
Valparaiso URY.
Buenos Aires Montevideo Bunkerworld average price indications
PUAYR00
30 S
PUAYQ00 PUBAQ00
Platts publishes Bunkerworld Average Price Indications for
MFBAD00
AMFVA00 PBABR00 PUBAR00 a variety of ports and grades where there is less liquidity
Contract Basis
Grade Delivered Ex-Wharf PBABX00 AMFMT00 and where no Platts assessment is published. These cover
IFO 380
PBADA00 indications for over 300 ports worldwide and across eight fuel
IFO 180
grades: IFO380, IFO180, MDO, MGO, Low-Sulphur 380 (1%), Low-
Marine fuel 0.5% Sulphur 180 (1%), Low-Sulphur MDO (0.1%) and Low-Sulphur
Marine gasoil (MGO) MGO (0.1%).
0 300 mi
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Specifications Guide Global Bunker Fuels: June 2020
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Specifications Guide Global Bunker Fuels: June 2020
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Specifications Guide Global Bunker Fuels: June 2020
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Specifications Guide Global Bunker Fuels: June 2020
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Specifications Guide Global Bunker Fuels: June 2020
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Specifications Guide Global Bunker Fuels: June 2020
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Specifications Guide Global Bunker Fuels: June 2020
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Specifications Guide Global Bunker Fuels: June 2020
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Specifications Guide Global Bunker Fuels: June 2020
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Specifications Guide Global Bunker Fuels: June 2020
Average Price Indications and are generated by database triggers. Prices (BBPs). These are a set of numbers for various ports and
In some markets and locations where bunker price information grades. Where Platts publishes an assessment for a given port
is limited, Platts publishes Average Price Indications (API). Price Dependent ports: For some ports and/or grades, there may be and grade, the assessment is used for the BBP. For all others,
information collected through the market survey approach in the no fresh price points entered on a given day. If price movements Bunkerworld Average Price Indications are used. For APIs, as the
form of indications or reported deals is used to generate a daily for that API are strongly correlated with prices in a more liquid published average can change throughout the day, the BBP is a
average price for each port/grade where available. For APIs, each API or Platts bunker assessment, the less liquid API may be snapshot of the average at a preset time every day.
price point is entered into the database independently, including designated a dependent price. In the case that there is no data
the following information: date, port, grade, price and time for a dependent API, a price indication will be generated based BBPs are recorded for the following port/grade combinations
entered. For reported deals, quantity and delivery date is also on the last known differential between the dependent API and daily:
included. Where sources provide a range of price indications, its parent. A parent port may have multiple APIs depending
these will be treated as a single price point and the midpoint of on it. For example, Port Arthur, Brownsville, Lake Charles and
Asia (recorded at 11:30 GMT)
the range will be used for the final calculation. Beaumont are all dependent on Houston. Actual data obtained
for a dependent port will always take precedence over values Busan: 1PC180, 1PC380, IFO180, IFO380, LSMGO, MDO, MGO
Platts analyses reported transactions in order to identify generated from the differential to the parent port.
potentially anomalous data, that may be excluded from Colombo: 1PC180, 1PC380, IFO180, IFO380, LSMGO, MDO, MGO
formulating an index. This analysis includes but is not limited For those ports which do not correlate with prices in another
to standard deviation, volume and gaps in trade data. Editorial bunker port, the parent price used may be the most liquid Hong Kong: 1PC180, 1PC380, IFO180, IFO380, LSMGO, MDO,
judgment is only applied when determining whether data is regional fuel oil benchmark, for example FOB Singapore 380 CST MGO
suitable for inclusion within the index calculation. No judgement HSFO. Dependent port APIs are generated daily at 01:00 GMT.
is used during the index calculation itself. Only data that meets Shanghai: 1PC180, 1PC380, IFO180, IFO380, LSMGO, MDO, MGO
methodology requirements will be accepted. Average price
indications take a simple average of all included price points Bunkerworld indices Singapore: 1PC180, 1PC380, IFO180, IFO380, LS180, LS380,
for that port, grade and date. They are updated whenever a LSMGO, MDO, MGO
new price point is added. For example, if a single indication for The Bunkerworld Indices are a set of global indices indicating
Auckland IFO 380 is entered on January 5 at 04:00 GMT at $200/ the movement of the price of bunker fuel worldwide. Price Tokyo: 1PC180, 1PC380, IFO180, IFO380, LSMGO, MDO, MGO
mt, the API will be generated at that price level for that date averages in 20 major ports worldwide are averaged to produce
at the time of data entry. If a reported trade is then entered at the Bunkerworld Indices. None of the indices weight ports
EMEA (recorded at 16:00 GMT)
06:00 GMT on the same date at $195/mt, the API will be updated differently, but the grades are weighted for some of the indices.
to $197.50/mt [(195+200)/2] for the same date but with a new Canary Islands: 1PC180, 1PC380, IFO180, IFO380, LS180, LS380,
stamp. Average price indications are purely calculated indices The input values for the indices are the Bunkerworld Benchmark LSMGO, MDO, MGO
© 2020 S&P Global Platts, a division of S&P Global Inc. All rights reserved. 42
Specifications Guide Global Bunker Fuels: June 2020
Durban: 1PC180, 1PC380, IFO180, IFO380, LSMGO, MDO, MGO The BWI is calculated as follows:
Americas (recorded at 17:00 GMT)
Fujairah: 1PC180, 1PC380, IFO180, IFO380, LSMGO, MDO, MGO Houston: 1PC180, 1PC380, IFO180, IFO380, LSMGO, MDO, MGO ((Average of all BBPs for IFO380 * 0.7) + (Average of BBPs for
IFO180 * 0.15) + (Average of BBPs for MGO * 0.1) + (Average of
Gibraltar: 1PC180, 1PC380, IFO180, IFO380, LS180, LS380, Los Angeles: 1PC180, 1PC380, 500CST, IFO180, IFO380, LSMGO, BBPs for MDO * 0.05) * 1000) / 473.9503
LSMGO, MDO, MGO MDO, MGO
The Bunkerworld 380 Index and Bunkerworld 180 Index
Off- Nigeria: 1PC180, 1PC380, IFO180, IFO380, LSMGO, MDO, New York: 1PC180, 1PC380, IFO180, IFO380, LSMGO, MDO, MGO The Bunkerworld 380 Index (BW380) and Bunkerworld 180
MGO Index (BW180) are unweighted simple averages of all BBP prices
Panama Canal: 1PC180, 1PC380, IFO180, IFO380, LS180, LSMGO, for IFO380 and IFO 180 respectively. There is no low sulfur
Piraeus: 1PC180, 1PC380, 500CST, IFO180, IFO380, LS180, MDO, MGO contribution.
LS380, LSMGO, MDO, MGO
Santos: 1PC180, 1PC380, IFO180, IFO380, LS180, LS380, LSMGO, The Bunkerworld Distillate Index
Rotterdam: 1PC180, 1PC380, IFO180, IFO380, LS180, LS380, MDO, MGO The Bunkerworld Distillate Index (BWDI) is a weighted average of
LSMDO, LSMGO, MDO, MGO the BBP prices for MDO and MGO, with a one third contribution
from MDO and two thirds from MGO. There is no low sulfur
The Bunkerworld Index
St. Petersburg: 1PC180, 1PC380, IFO180, IFO380, LS180, LS380, contribution.
LSMGO, MDO, MGO The Bunkerworld Index (BWI) is a dynamic index with a base
value set to 1000 on September 1, 2009. The BWI is calculated The Bunkerworld Maximum 0.1% Sulfur Distillate Index
Suez: 1PC180, 1PC380, IFO180, IFO380, LSMGO, MDO, MGO using 70% IFO380, 15% IFO180, 10% MGO, and 5% MDO. There The Bunkerworld Maximum 0.1% Sulfur Distillate Index
is no low sulfur contribution. BW0.1%S is an unweighted index of all LSMGO BBPs and the
Tokyo MDO.
© 2020 S&P Global Platts, a division of S&P Global Inc. All rights reserved. 43
Specifications Guide Global Bunker Fuels: June 2020
Revision history Colombo, Fujairah, Khor Fakkan, Kuwait, South Korea, Busan, Japan (Setouchi) from June 3, 2019. Platts completed an
Shanghai, Lome and Offshore Nigeria from 1.5% previously, and annual update to sections 1 to 6 of Platts Methodology and
June 2020: Removed duplicate entry from table in EMEA. marine diesel oil assessments in Japan and West Japan from 2% Specifications Guides in April 2019, and moved these sections
previously, effective December 2, 2019. The tables were updated into a standalone Methodology Guide. Specifications of bunker
May 2020: Platts updated the guide to reflect the addition of a to include Marine Fuel 0.5% and 3.5% sulfur 380 CST bunker fuel, MGO and MDO have been updated to reflect standards as
minimum viscosity requirement of 30 CST at 50 degrees Celsius assessments published in $/MMBtu at Singapore, and Marine defined by the International Organization for Standardization
for its global Marine Fuel 0.5% assessments from April 1, 2020. Fuel 0.5%, low sulfur 0.1% and 3.5% sulfur 380 CST delivered in document ISO 8217:2010 Petroleum products - Fuels (class
Platts also updated the guide to reflect the discontinuation bunker assessments published in Eur/MWh in Rotterdam from F) - Specifications of marine fuels from January 2, 2019. Platts
of the Houston and New York ultra low sulfur 0.1% ex-wharf December 2, 2019. The Asia and Middle East table was updated has also updated the delivered bunker fuel section under Asia
bunkers fuel assessments with effect from April 1, 2020. This after Platts discontinued publication of bunker prices posted by and the Middle East, following a change to the delivery period
market has evolved and it has become clear that ship owners Taiwan’s CPC Corporation for the MF-80 and MF-180 grades at and an update in guidelines for participants in the Platts Market
have preferred to consume 0.1% marine gasoil compliant fuel Kaohsiung, Keelung and Taichung ports effective November 22, on Close assessment process for Singapore delivered bunker
in ECA zones, and market feedback is that residual blends of 2019, as CPC has stopped supplying the bunker fuel grades at fuel market from July 2, 2018. The Asia and the Middle East table
0.1% ultra low sulfur bunkers in these locations are illiquid and these three ports. In Europe, Platts added new 0.5% Marine Fuel was also updated to add Colombo port.
uncommon. Additionally, Platts updated the guide to reflect the assessments in both the table and the map.
discontinuation of the Buenos Aires 3.5% sulfur IFO 380 CST, In Europe the guide was updated to reflect the fact that
Buenos 3.5% sulfur IFO 180 CST, Santos 3.5% sulfur IFO 380 CST October 2019: Platts completed an annual review of the Global European ULSFO assessments now reflect an RMD 80
and Santos 3.5% sulfur IFO 180 CST bunker fuel assessments, Bunker Fuels methodology and specifications guide, and added specification. Algoa Bay was also added as an MGO assessment.
effective February 3, 2020. maps of ports at which Platts assesses marine fuel grades. The The European table was also updated to reflect this change. The
Asia and Middle East table was updated to reflect assessments size guidelines on all European and African ports in the table
January 2020: Platts updated the guide to reflect the new price at Busan and marine fuel 0.5% MF-180 postings by Taiwan’s now reads 300-1,000mt as a typical minimum and maximum
assessments for Marine Fuel 0.5% bunkers on an ex-wharf CPC. size, in line with the methodology guide.
basis in New Orleans, Philadelphia, Seattle and Vancouver,
and on a delivered basis in Buenos Aires, Cartagena, Santos July 2019: Platts updated the guide to reflect new IMO- March 2018: Platts completed an annual review of the Global
and Valparaiso, effective December 2, 2019. Additionally, compliant Marine Fuel 0.5% bunker assessments on delivered Bunker Fuels methodology and specifications guide. Platts
Platts updated the Americas posted price table to reflect the and ex-wharf basis launched at key ports globally on July 1, also added a new section I to VI, while also adding additional
discontinuation of Petrobras Bunker Posting for IFO 180 CST and 2019. Platts also added assessments for delivered bunker text on Average Price Indications in section VII. Platts removed
IFO 380 CST delivered prices at its Paraguana, Rio de Janeiro, fuel reflecting a maximum sulfur limit of 0.5% and LSMGO references to several posted bunker prices at Asian ports that
Salvador and Santos ports and to reflect Petrobras VLSFO 0.5%S with maximum 0.1% sulfur limit at the east Chinese port of have been discontinued. Platts removed reference to force
prices in the same locations. The discontinuation follows the Zhoushan that were launched on July 1, 2019. In the Americas, majeure in Asia and the Middle East Assessments section as
announcement from Petrobras that it will no longer sell 3.5% the guide was also updated to reflect that Platts discontinued it is already covered under Part III (Page 7). Platts changed
sulfur bunkers at its Brazilian ports. Platts updated the Asia the publication of third-party LNG bunker fuel prices by FortisBC reference from “New York banking holiday” to “Singapore
and Middle East table after discontinuing publication of high from June 3, 2019. banking holiday” under Payment in Asia and the Middle East
sulfur bunker fuel prices posted by Taiwan’s CPC Corporation for Assessments section (Page 16).
MF-80 and MF-180 grades at Hualien and Suao, and MF-380 June 2019: Platts updated the guide to reflect changes to the
grade at Hualien, Suao, Keelung and Taichung ports effective delivery and volume reflected in its assessment of delivered December 2017: Platts has updated the guide to remove
January 2, 2020. Platts also updated the guide to reflect the bunker prices at Fujairah, Hong Kong, Shanghai and South a reference to Hong Kong marine gasoil delivered bunker
lowering of sulfur limit to 0.5% for certain delivered marine Korea (Busan and Ulsan), and delivered 380 CST, 180 CST, assessments that were discontinued November 1, 2017. The
gasoil assessments in Singapore, Sydney, Melbourne, Mumbai, MGO and LSMGO at Japan (Tokyo/Yokohama Bay) and West guide has also been updated to reflect changes to volumes
© 2020 S&P Global Platts, a division of S&P Global Inc. All rights reserved. 44
Specifications Guide Global Bunker Fuels: June 2020
for IFO 180 CT, IFO 380 CST and marine gasoil assessments assessments for 1% sulfur bunker fuel in North America and
in Canada. Platts added details regarding new LNG bunker Panama; and IFO 380, IFO 180, marine gasoil and barging rates
postings from FortisBC for Vancouver, Canada. Platts added new in Portland, Oregon. Details were included for new IFO 180 CST,
information regarding proposed assessments to reflect changes IFO 380 CST and marine gasoil assessments at the Panama
in bunker supply associated with the planned International Canal and Santos, Brazil; and IFO 500 CST assessments at
Maritime Organization limitations on sulfur in marine fuels in New York. Platts also updated the volumes reflected in its IFO
2020. 180 CST, IFO 380 CST and marine gasoil assessments in the
Americas throughout and laycan changes for its marine fuel
June 2017: Platts completed an annual review of the Global assessments in Panama. Platts also detailed the methodology
Bunker Fuels methodology and specifications guide. Platts for its barge rate assessments, ultra low sulfur bunker fuel
reviewed all content and made minor edits to language. assessments, Panama Canal assessments and posted prices in
Guidance on atypical bids, offers and trades was clarified, while the Americas. For Asia, Platts added methodology descriptions
guidance on Law, Embargoed products, Late performance, for new delivered LSMGO and LSMDO assessments launched at
Compensation, Force majeure, Booking out trades and Review Asian ports starting June 1, 2017.
of trades was moved. Platts also added a reference to Used
Lubricating Oils. Platts added assessments for Offshore Nigeria, January 2016: Platts created a global bunkers guide
removed ex-wharf Durban and replaced with a delivered incorporating sections that had previously been incorporated
basis assessment, and edited sections I to VI for clarity. In into regional oil products guides.
the Americas, Platts removed references to discontinued
© 2020 S&P Global Platts, a division of S&P Global Inc. All rights reserved. 45