25 September 2012 09:41 [Source: ICIS news]
SINGAPORE (ICIS)--Asian trader China Aviation Oil (CAO) has issued a purchase tender for a total of six cargoes of jet-kerosene for loading or arrival in late October and November, a company source said on Tuesday.
The CAO tender requested four 240,000-300,000 bbl cargoes of jet kerosene for loading from northeast or southeast ?xml:namespace>
The cargoes are for purchase on a free-on-board (FOB) Asia basis, the source said with pricing linked to FOB
CAO also requested two 25,000-tonne jet kerosene cargoes for purchase on a CFR (cost-&-freight) Huangpu basis for arrival on 29-31 October and 19-21 November, via the same tender, said the source.
The CAO purchase tender will close on 26 September and has validity until 27 September.
Previously, CAO awarded a purchase tender for four 240,000–300,000 bbl cargoes of jet kerosene for end-September and October loading at much stronger level around
Supplies of jet-kerosene have been reduced because of lengthy unscheduled refinery shutdowns, particularly in
Demand has also firmed as refiners in northeast
CAO is the largest physical jet fuel trader in the Asia-Pacific region and the key supplier of imported jet fuel to the civil aviation industry in
The firm’s key businesses include jet fuel supply and trading, trading of other oil products and investments in oil-related assets.
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