Overview

The ICE Low Sulphur Gasoil Futures Contract is designed to provide users with an effective hedging instrument and trading opportunities. The underlying physical market for Low Sulphur Gasoil is diesel barges delivered in the ARA (Amsterdam, Rotterdam, Antwerp including Flushing and Ghent) region. It is used as the pricing reference for all distillate trading in Europe and beyond.

Contracts are for the future delivery of low sulphur gasoil from the seller to the buyer into barge (or coaster up to 15,000 dwt) or by in-tank or inter-tank transfer from an Exchange Recognised Customs and Excise bonded storage installation or refinery in the Amsterdam, Rotterdam, Antwerp (ARA) area (including Flushing and Ghent) nominated by the seller and on a day nominated by the buyer within a mutually agreed 5 day delivery range between the 16th and the last calendar day of the delivery month. Quantity and quality is verified by one Exchange approved inspector selected from two nominated by the buyer. Buyers and sellers adhere to strict deadlines set out in the Exchange Contract Rules and Procedures.

About Argus:

Argus is an independent price reporting agency (PRA) with more than 1,300 employees and offices in the world's major commodity trading hubs. Companies in 140 countries use Argus data and indices to power physical trading and derivatives transactions, as well as for analysis and planning. Argus reports globally on the following markets, among others: crude oil and all oil products, biofuels, gas, electricity, hydrogen, coal, biomass, CO2 emissions, petrochemicals and oleochemicals, fertilizers, agricultural products, metals, ferrous and non-ferrous and rare earths.