Outline

JOX offers two types of service, one is for Trader Members who can join on-line trading as traders and the other is for Viewer Members who can access real-time trading results reports as subscribers. All deals on this site shall be over the counter deal between two parties, and every contract and settlement after deals done shall be made by the respective parties directly. Accordingly, Trader Members shall have to meet the membership qualifications.


Merits

"SWAP"
  • You can fix the price merit of import product and domestic product.
  • You can minimize the price risk in fixed price sales.
  • You can minimize the price fluctuation risk in barter trade.
  • You can minimize the price-long risk of your stocks. You can fix your refining margin.
"JOF Dated"
  • You can sell and purchase products of prompt half month at fixed price.
  • You can sell and purchase products of prompt half month at Rim floating price.
"JOF"
  • You can sell and purchase products of 6 forward month at fixed price.
  • You can sell and purchase products of 6 forward month at Rim floating price.

BARGE SWAP
  • Outline : This is the paper trading price settlement between the monthly average of the RIM quotation price and fixed price without physical delivery.
  • Commodity : Gasoline (0.001% Sulphur), Kerosene, Gasoil (0.001% Sulphur), AFO 0.1(LSA) AFO 1.0, HSCFO (3.0% Sulphur)
  • Area : East, Chukyo, Hanshin or Ohnishi basis.
  • Delivery Period : 7 months
  • Dealing Lot : 1 Lot = 100KL

RACK SWAP
  • Commodity : Gasoline, Kerosene, Gas Oil, AFO, LSA
  • Price : To be calculated as the average of Japan Domestic "Rim Rack Price Intelligence Daily" published by Rim Intelligence Co. (Average of 4 Refineries of Chiba/Kawasaki/Chukyo/Hanshin)
  • Period : During the period from and including 1st - end of the Month
  • Settlement : Within 14 calendar days (Bank business days) after the end of the pricing period.
  • Dealing Lot : 1 Lot = 10 KL
  • Duration : 7 months

JOF Dated
  • Outline : JOF Dated is the physical trading market of petroleum products. Physical trading with the monthly average of the RIM quotation price and the fixed price are available.
  • Commodity : Gasoline (0.001% Sulphur), Kerosene, Gasoil (0.001% Sulphur), AFO 0.1(LSA) AFO 1.0, HSCFO (3.0% Sulphur)
  • Area : East, Chukyo, Hanshin or Ohnishi basis.
  • Delivery Period : 1 Month
  • Dealing Lot : 1 Lot = 100KL

JOF
  • Outline : JOF(Japan Oil Forwards) is the forward market of petroleum products. Physical trading with monthly average of the RIM quotation price and the fixed price are available.
  • Commodity : Gasoline (0.001% Sulphur), Kerosene, Gasoil (0.001% Sulphur), AFO 0.1(LSA) AFO 1.0, HSCFO (3.0% Sulphur)
  • Area : East, Chukyo, Hanshin or Ohnishi basis.
  • Delivery Period : 6 Months
  • Dealing Lot : 1 Lot = 100KL
 

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