The ARGUS jet fuel CIF West Mediterranean cargo assessment
The assessment is typically based on indications of trade, bids and offers expressed on an exchange-for-physical basis or as a differential to CIF Northwest European cargo price levels. Prices are assessed on a CIF Genoa/Lavera basis but also include indications for jet delivered in to Barcelona and Fiumicino with these indications normalized back to a Genoa/Lavera when adjusted for freight. Typically, cargo sizes are 25-30,000 mt for delivery 10-25 days forward from publication.
Advantages of the ARGUS jet fuel CIF West Mediterranean cargo assessment
The assessment is not fixed purely as a freight differential to Northwest European values but is primarily based on reported trades, bids and offers in the market. The assessment is based on trading activity throughout the whole of the working day (8.30-5.30pm) rather than in a narrow trading window and includes physical activity occurring on ARGUS web-based electronic Argus Open Markets (AOM) platform.
Users of the ARGUS jet fuel CIF West Mediterranean cargo assessment
The assessment is used in supply contracts across Europe as a differential to CIF Northwest Europe, including major airport hubs in the Barcelona and Fiumicino. It is also used by jet fuel producers, airlines, and exporters in internal price transfers, internal benchmarking.