Weighted average prices for jet fuel delivered into aircraft board.
Indices for jet fuel delivered into aircraft board are calculated for the following type of refined products:
- Jet Fuel.
Indices for jet fuel delivered into aircraft board are calculated for a group of airports of the Moscow Aviation Hub, which includes the following delivery points for exchange-traded contracts:
- Sheremetyevo Airport
- Domodedovo Airport
- Vnukovo Airport
- Ramenskoye/Zhukovsky Airport.
The following price indicators are calculated:
- Domestic Market Index for OTC-traded jet fuel is calculated monthly on the basis of information on OTC contracts with delivery to the domestic market provided to SPIMEX in accordance with the requirements of Regulation of the Russian Federation Government of 23 July 2013 No. 623.
- Export Index for OTC-traded jet fuel is calculated monthly on the basis of information on OTC export contracts provided to SPIMEX in accordance with the requirements of Regulation of the Russian Federation Government of 23 July 2013 No. 623.
Domestic market index includes VAT at the rate established in accordance with the legislation of the Russian Federation. Export index does not include VAT.
Indices for jet fuel delivered into aircraft board reflect the weighted average level of OTC prices for jet fuel delivered into aircraft board at airports under contracts for each calendar month
Indices for OTC-traded jet fuel are calculated only if the following conditions are met:
- Total volume of contracts included in the basis for calculation of the index is at least 1,000 tons.
- When calculating the index for OTC contracts in compliance with the Regulation of the Russian Federation Government, information on contracts of at least two (2) persons that have entered into an OTC contract and at least three (3) purchasers of commodities is used.
Unlike the Indices for jet fuel in bfi tanks of airports, the Indices for jet fuel delivered into aircraft board reflect the final price of jet fuel adjusted for the cost of delivery and refueling on board aircraft.