- Trading Screen Product Name
- Platts FO
- Trading Screen Hub Name
- 180cst Middle East FOB Arab Gulf (Platts)
- Rule Number
Rule 13112
- Contract Symbol
MEA
- 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 ($0.01) per metric tonne
- Last Trading Day
Last Trading Day of the contract month
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in USD and cents per metric tonne based on the average of the
“Mid” quotations appearing in the "Platts
Asia-Pacific/Arab Gulf Marketscan" under the heading "Asia
Products" subheading "Middle East physical oil assessments" and
"FOB Arab Gulf ($/barrel)" for "HSFO 180 CST ($/mt)" for each
business day (as specified below) in the determination period.
- Contract Series
Up to 72 consecutive months, or as otherwise determined by the SEF
- Final Payment Date
Fourteen (14) Calendar Days after each settlement date via wire
transfer or federal funds
- Business Days
Publication days for Platts Asia-Pacific/Arab Gulf 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