Spreadsheet: mark_taylor__24728__ClickInTradingProducts
Sheet: Liquids

Liquids | Products | Petrochemicals
Short Description Boxes for Global Liquids
Financial |  | Location |  | Liquid Grade |  | Size |  | Basis |  | Term |  | Year |  | Settlement Index |  | Currency |  | Units
Swap |  | ARA |  | HSFO |  | Cargo |  | Cargoes CIF NWE Basis ARA |  | Month (Jan - Dec) |  | 1999 |  | IPE Prompt Month Average |  | USD |  | mt
Crack Spread |  | MED |  | LSFO |  | Barge |  | Cargoes FOB NWE |  | Q1 |  | 2000 |  | Platts European Marketscan |  |  |  | cm
 |  | NWE |  | EN590 0.05% Gasoil |  | Argus Large |  | Barges FOB Rotterdam |  | Q2 |  |  |  | Argus International LPG
 |  | [NAME] |  | 0.2% Gasoil |  | Argus Small |  | CIF ARA (Large) Argus |  | Q3
 |  |  |  | Propane |  |  |  | FOB Seagoing |  | Q4
 |  |  |  | IPE Gasoil/Brent Crack |  |  |  |  |  | Cal Year
Physical |  | Location |  | Liquid Grade |  | Size |  | Basis |  | Term |  | Year |  | Settlement Index |  | Currency |  | Units
Physical Delivery |  | ARA |  | Benzene |  | Cargo |  | CIF |  | Specific Dates |  | 1999 |  | Platts European Marketscan |  | USD |  | mt
 |  | MED |  | Nitration Toluene |  | Barge |  | FOB |  |  |  | 2000 |  | Fixed Price |  | DEM |  | cm
 |  | NWE |  | [NAME] |  | Road Trucks |  | C&F |  |  |  |  |  |  |  | FRF
 |  | Amsterdam |  | [NAME] |  |  |  |  |  |  |  |  |  |  |  | ATS
 |  | Antwerp |  | Marine Diesel Oil DMB Specification |  |  |  |  |  |  |  |  |  |  |  | GBP
 |  | [NAME] |  | MTBE |  |  |  |  |  |  |  |  |  |  |  | EUR
 |  |  |  | MTBE PX |  |  |  |  |  |  |  |  |  |  |  | NLG
 |  |  |  | [NAME]
Notes: | Physical trades are date specific ie. 'Loading during next five days' or ' To load between today and the 10th of the month'
Long Descriptions
Instrument Type
 | Swap | An agreement whereby a floating price is exchanged  for a fixed price over a specified period
 | Inter-product Spread | An agreement whereby a floating price is exchanged  for a fixed price over a specified period on a given product price differential
 | Physical Delivery | An agreement whereby a physical volume is exchanged  for a fixed price over a specified period
 | Barge/Cargo spread | An agreement whereby a floating price is exchanged  for a fixed price over a specified period on a given product size price differential
Location | ARA | Amsterdam - Rotterdam - Antwerp
 | Amsterdam | Amsterdam, Netherlands
 | Antwerp | Antwerp, Belgium
 | [NAME] | Rotterdam, Netherlands
 | MED | Mediterranean
 | NWE | North-West Europe
Basis | CIF | Cost, Insurance and Freight
 | FOB | Free on Board
 | C&F | Cost and Freight
 | FOB Seagoing | Free on Board and to be taken from the immediate area
 | Cargoes CIF NWE Basis ARA | under the Platts Heading Cargoes CIF NWE Basis ARA
 | Cargoes FOB NWE | under the Platts Heading Cargoes FOB NWE
 | Barges FOB Rotterdam | under the Platts Heading Barges FOB Rotterdam
 | CIF ARA (Large) Argus | under the Argus Heading 'Propane' in the section entitled 'Europe'
 | IPE Gasoil Crack | the first month IPE Gasoil future contract / 7.45 (conversion factor)
 | FOB Seagoing
Liquid Grade | LSFO | 1% Low Sulphur Fuel Oil
 | HSFO | 3.5% High [NAME]
 | 0.2% Gasoil | 0.2% [NAME]
 | EN 590 0.05% Gasoil | EN590 0.05 % [NAME]
 | IPE Gasoil/Brent Crack | IPE Gasoil/Brent Crack
 | MDO DMB | Marine Diesel Oil DMB Specification
 | Petrochemicals | Benzene
 | Petrochemicals | Nitration Toluene
 | Petrochemicals | [NAME]
 | Petrochemicals | [NAME]
 | Propane | Propane
 |  | MTBE
Size | Barge | Barges |  | a 20,000 to 25,000 metric tonne cargo
 | Cargo | Cargoes |  | a 400 to 5,000 metric tonne cargo
 | Road Trucks | Road Truck Size
 | Argus Large | Argus Large Size
 | Argus Small | Argus Small Size
Term | Month | a period from the 1st calender day of the month to the last calender day of that month
 | Quarter | a period from the 1st calender day of the quarter to the last calender day of that quarter
 | Calender Year | a period from the 1st calender day of the year to the last calender day of that year
 | 3 Month | a period from the 1st calender day of the next month to the last calender day of the second subsequent month
Settlement Index | IPE Prompt Month Average |  | the arithmetic average of the daily official settlement prices for the first month IPE contract as reported in the Platts European Marketscan
 | Platts European Marketscan |  | the arithemetic average of the daily official settlement prices for the liquid grade as published in the Platts European Marketscan
 | [NAME] |  | the arithemetic average of the daily official settlement prices for the liquid grade as published in the Platts LPGaswire
 | Argus International LPG |  | the arithemetic average of the daily official settlement prices for the liquid grade as published in the Argus International LPG report publication
Units | mt | [NAME] (1,000kg)
 | cm | [NAME]
Examples:
Short Description: | Financial Swap, 3.5% Fueloil Barges FOB Med, Q - 1 1999, [NAME], USD/mt
Long Description:
Short Description: | Financial Swap, 0.2% Gasoil Cargoes CIF ARA, Calender Year 2000, [NAME], USD/mt
Long Description:
Short Description: | Inter-product Spread,  LSFO Barges FOB Rotterdam vs HSFO Cargoes FOB NWE , [NAME], USD/mt