ICIS Reports glossary
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 |