Asia Fuel Oil-S.Korea's WP buys 60,000 T for Jan

Tue Jan 1, 2013 8:01pm EST

SEOUL, Jan 2 (Reuters) - Korea Western Power Co Ltd (WP) has
bought a combined 60,000 tonnes of high sulphur fuel oil for
arrivals in January via tenders closed on Dec. 31, 2012, a
source from the utility said on Wednesday.
    The utility bought 30,000 tonnes from Samsung C&T Corp
 at $670.80 per tonne on a cost and freight (CFR)
basis, the source said.
    It purchased another 30,000 tonnes from Vitol at
a premium of $27.88 per tonne over Singapore spot prices, also
on CFR basis, the source added. 
    Details of the arrivals are as follows:
    TONNE  SUPPLIER         ARRIVAL/PORT
    30,000 Samsung C&T Corp Jan 17-21, 2013/Pyeongtaek
    30,000 Vitol            Jan 27-31, 2013/Pyeongtaek

 (Reporting By Eunhye Shin; Editing by Prateek Chatterjee)
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