Jet fuel east-west spread
This swap-spread reflects the value of jet kerosene FOB Singapore swaps minus the value of jet fuel CIF NWE swaps at the Singapore cash market close, normally 1630 Singapore time. It is a key indicator of arbitrage opportunities, typically from Asia to Europe and is used by exporters of jet fuel in the Middle East and Asia. Swaps are financially-settled against S&P Global Platts' average monthly assessment published on the calendar month in question. The swaps assessments roll monthly on the 1st of each month.
Currency and unit of measure: $/mt
Incoterm: SPR
Quantity: 5,000 mt
Time of assessment: 16:30:00 Asia/Singapore
Publishing frequency: Daily
Spec: Standard Jet-A1 specification
Start Date: 17.02.2022
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