- Trading Screen Product Name
- Platts FO Diff
- Trading Screen Hub Name
- USGC HSFO (Platts)/3.5% FOB Rdam Bg (Platts)
- Rule Number
13162
- Contract Symbol
NVV
- Contract Size
1,000 Metric Tonnes
- Unit of Trading
Any multiple of 1,000 Metric Tonnes
- Currency
US Dollars and cents
- Trading Price Quotation
One cent ($0.01) per metric tonne
- Last Trading Day
Last Trading Day of the contract month
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in USD and cents per metric tonne based on the difference between
the average of the “Mid” quotations appearing in the
“Platts US Marketscan” under the heading “Gulf
Coast” subheading “Houston” and
“$/barrel” for “USGC HSFO” and the average
of the “Mid” quotations appearing in the “Platts
European Marketscan” under the heading “Northwest
Europe barges” subheading “FOB Rotterdam” for
“Fuel Oil 3.5%” for each business day (as specified
below) in the determination period. Conversion factor: 1 metric
tonne = 6.35 barrels. Non-Common Pricing Applies.
- Contract Series
Up to 48 consecutive months, or as otherwise determined by the SEF
- Final Payment Date
Five (5) New York Business Days after each settlement date via wire
transfer of Federal funds
- Business Days
Publication days for Platts US Marketscan and Platts European
Marketscan
- Other Terms
To be confirmed directly between the parties in their full form of
contract. The terms reflected in such contracts shall be
controlling.
- MIC Code
- ICES
- Clearing Venues
- Bilateral