26 July 2013 15:04 [Source: ICIS news]
SINGAPORE (ICIS)--Asian jet fuel trader China Aviation Oil (CAO) has issued a purchase tender for a total of four cargoes of jet kerosene for loading or arrival in late August and September, industry sources said on Friday.
The CAO tender requested four 240,000-300,000 bbl cargoes of jet kerosene for loading from northeast or southeast Asia on 21-31 August, 1-10 September, 11-20 September and 21-30 September.
The cargoes are for purchase on a free on board (FOB) Asia basis, the source said, with pricing linked to FOB Singapore market quotes.
CAO also requested two 10,000 tonne cargoes for delivery CFR Huangpu or loading FOB Zhuhai on 10-12 September and 17-19 September.
The CAO tender will close on 30 July and offers will remain valid until 31 July.
This is the first tender in five months which has requested cargoes for purchase on a CFR Huangpu basis. Previous tenders had only requested four cargoes an on FOB northeast or southeast Asia basis.
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 China. 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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