India’s MRPL issues jet kerosene tender for early November loading

01 October 2013 06:02  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Mangalore Refinery and Petrochemicals Ltd (MRPL) issued a tender offering a 40,000-tonne cargo of jet kerosene for loading on 5-7 November, according to a company document obtained by ICIS on Tuesday.

The tender will close on 3 October, with validity up to 4 October.

Previously, MRPL  awarded a tender offering three 40,000-tonne cargoes of jet kerosene. One cargo for loading 22-24 October was placed with a European trader at around Singapore market quotes minus $0.55/bbl FOB (free on board) New Mangalore.

A second European trader bought the other two cargoes - one for loading on 22-24 November and the other on 22-24 December - at around Singapore market quotes minus $0.70/bbl FOB New Mangalore, and at Singapore market quotes minus $0.50/bbl FOB New Mangalore, respectively.

($1 = €0.74)

By: James Dennis
+65 6780 4327

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