The following is a glossary of terms and abbreviations commonly found within ICIS pricing reports.
| General Terms |
|---|
| ACP | Asian Contract Price |
| APCP | Asian Posted Contract Price |
| API | American Petroleum Institute (issues US petroleum statistics) |
| APPI | Asian Petroleum Price Index |
| ARG | German pipeline group, major ethylene inland distribution (Aethylen Rohrleitungs Gesellschaft) |
| bl/mldg | Blow moulding (plastics reports) |
| BPAP | BP Agreed Price (LPG quote in feedstocks) |
| C | in paraffin wax to denote melt point in degrees Celsius |
| C-grade | chemical grade (propylene) / commercial grade (toluene) |
| CP | contract price |
| CSD | carbonated soft drinks |
| CNO | coconut oil |
| CST | centistoke, unit of viscosity, ratio of a liquid’s absolute viscosity to the density of that liquid |
| DOE | US Department of Energy |
| DTY | drawn texturised yarn |
| EBM | extrusion blow moulding (PET) |
| EGAF | antifreeze grade ethylene glycol |
| EGF | fibre grade ethylene glycol |
| EGI | industrial grade ethylene glycol |
| ext | extrusion (plastics) |
| FDY | fully drawn yarn |
| FRASS | freight rate assessment |
| GP | general purpose |
| H1 | first half (year) |
| H2 | second half (year) |
| HD | high density (plastics) |
| HIPS | high impact polystyrene |
| ICP | Indonesian crude price |
| INJ | injection |
| IPE | International Petroleum Exchange |
| LDPE | low density polyethylene |
| LLDPE | linear low density polyethylene |
| LPG | liquid petroleum gases (butane and propane on feedstocks) |
| MAP | monthly agreed price |
| MON | motor octane number |
| MoU | memorandum of understanding |
| MPGIM | industrial – technical grade monopropylene glycol |
| MTH | month |
| N+A | naphthenes and aromatics (naphtha) |
| n/c | no change |
| N-grade | nitration grade (toluene) |
| NAT | natural |
| NYMEX | New York Mercantile Exchange |
| PC | polycarbonate |
| P&C | private and confidential |
| P-grade | polymer grade (propylene) |
| PM | propanol methoxy/methoxy propanol/propylene glycol ether |
| PMA | propanol methoxy acetate |
| PFY | polyester filament yarn |
| PSF | polyester staple fibre |
| POY | partially oriented yarn |
| Q1 | first quarter (year) |
| Q2 | second quarter (year) |
| Q3 | third quarter (year) |
| Q4 | fourth quarter (year) |
| R-grade | refinery grade (propylene) |
| SBM | stretch blow moulding (plastics) |
| s/d | shutdown |
| SDY | spin drawn yarn |
| SP | spot price |
| SYN | synthetic (glycerine, ethanol) |
| T1 | material manufactured outside the EU and possibly subject to duty |
| T2 | material manufactured within the EU |
| TVA | temporary voluntary allowance |
| UPR | unsaturated polyester resins |
| USP | pharmaceutical grade |
| VLCC | very large crude carrier |
| W-A | weighted average |
| WTI | West Texas Intermediate (US specification of crude oil) |
| Commercial Terms |
|---|
| CFR | cost & freight |
| C&F | freight, for oil bulk cargoes |
| CIF | cost, insurance & freight |
| CPT | carriage paid to |
| DEL | delivered |
| DAF | delivered at frontier |
| DDP | delivered, duty paid |
| DDU | delivered, duty unpaid |
| DOM | domestic |
| EXW | ex-works |
| EXWH | ex-warehouse (China assessments) |
| FCA | free carrier |
| FOB | free on board |
| FOB(*) | FOB price spread at Friday close |
| FOB(+) | FOB price spread for the week |
| FOR | free on rail |
| FOT | free on truck |
| FD | free delivered |
| FRT EQ | freight equalised |
| Free alongside | FOB |
| Form A | preferential rate of duty |
| ITT | inter-tank transfer |
| LC | letter of credit |
| NOM | nominal |
| Units |
|---|
lbpound (weight)
| bbl | barrel |
| cwt | hundredweight (112lb) |
| Cbm | cubic metre |
| dmt | dry tonne (or dry metric ton) |
| dst | dry short ton |
| gal | US gallon |
| hl | hectolitre |
| kg | kilogramme |
| kt | kilotonne |
| L | litre |
| lt | long ton (2,240lb) |
| mt | tonne (1,000kg or 2,204.62lb) |
| mt/year | tonne per year |
| st | short ton (2,000lb) |
| Locations |
|---|
| ARA | Amsterdam-Rotterdam-Antwerp |
| AR | Amsterdam-Rotterdam |
| A-P | Asia-Pacific |
| CIS | Commonwealth of Independent States |
| CMP | China Main Port |
| FARA | Flushing-Amsterdam-Rotterdam-Antwerp |
| FARAG | Flushing-Amsterdam-Rotterdam-Antwerp-Ghent |
| FSU | former Soviet Union |
| HTC | Houston/Texas City |
| MED | Mediterranean |
| NYH | New York Harbor |
| NWE | northwest Europe |
| Rdam | Rotterdam |
| Spore | Singapore |
| USEC | US east coast |
| USG | US Gulf |
| USGC | US Gulf coast |
| USWC | US west coast |
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