The ARGUS fob FARAG barge jet fuel assessment
The assessment is typically based on a volume-weighted average of deals concluded on an exchange-for-physical basis for jet fuel loading 2-8 working days forward at Rotterdam, Amsterdam, Antwerp, Flushing or Ghent (FARAG). When no confirmed transactions are reported, Argus will use bids and offers on an exchange-for-physical basis to form its assessment.
Advantages of the ARGUS fob FARAG barge jet fuel assessment
The assessment is not solely confined to activity on one trading screen – therefore opening it up to a broader base of liquidity and includes physical activity occurring on ARGUS web-based electronic Argus Open Markets (AOM) platform. The assessment is also based on trading activity throughout the whole of the working day (8.30-5.30pm) rather than in a narrow trading window. Trades, bids and offers concluded on an on an exchange-for-physical basis take primacy over any information reported on a formula basis.
Users of the ARGUS fob FARAG barge jet fuel assessment
The assessment is used in supply contracts across Continental Europe including major airport hubs in the Benelux countries and Germany. It is also used by jet fuel producers, airlines, and exporters in internal price transfers, internal benchmarking.