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SCOPE OF CHAPTER . The term fuel oil generally includes any liquid fuel that is burned in a furnace or boiler to generate heat, or used in an engine to generate power. S&P Global Platts to Launch Marine Fuel 0.5% Bunker Price Assessments ... S&P Global Platts & IBIA Webinar: Giving you tools for IMO 2020 Platts: Five West African Grades of Crude Oil Added ... - Offshore Energy PRICE: The price of the Goods per metric ton and is determined as mean average of a three day quotation in the "PLATT'S EUROPEAN MARKETSCAN", UNDER THE . Platts specifications on IFO 380 and IFO 180 call for a maximum sulfur content of 5%. SPECTRA FUELS can arrange Marine Fuels at worldwide ports. The premium was $20.63/mt on Nov. 1, the data also showed. Those transactions will be considered against prevailing market circumstances at the time those deals were done, and the market activity toward the 5 p.m. Eastern cutoff. According to an article published by S&P Global Platts, the trade was made for December . - Fuels (class F) - Specifications of marine fuels. The Floating Price for each contract month is equal to the arithmetic average of the "$/mt" quotations from the Platts Asia-Pacific Marketscan under the heading "Marine Fuel" for "0.5% FOB Singapore cargo" minus the arithmetic average of the from the Platts "$/mt" quotations European Marketscan . (2010) specification for RMK 380 in every respect with the exception . It last hit a high of $101.55/mt premium to the MOPS 380 CST HSFO assessment on May 15 . The specifications for fuels in ISO 8217:2010 can also be applicable to fuels for stationary diesel engines of the same or similar make and type as those used for marine purposes. The delivered Japan/Singapore marine fuel 0.5% bunker was at its widest on emerging demand for IMO-compliant shipping fuels. Fear of the unknown is natural and some apprehension was . VLSFO: Fact Versus Fiction - Ship & Bunker The products are VLSFO (0.5%) , FO380cst (3.5%) , FO180cst (3.5%), MGO, LSMGO (0.1%) , RMK and other marine fuels. Chimbusco is the state-owned Chinese marine fuel marketing agency. www.platts.com Methodology and Specifications Guide S&P Global Platts Refined Products Webinar 2019 Dec 7. . Before the IMO's 0.50% sulphur limit for marine fuels took effect on 1 January, 2020, there was a lot of speculation about the nature of the IMO 2020-compliant very low sulphur fuel oil (VLSFO) blends, and how they would compare to the high sulphur fuel oil (HSFO) blends that were the predominant fuel for the world fleet prior to 2020..