Argus Jet Fuel Methodology and Specifications Guide

This document is a methodology and specifications guide for Argus Jet Fuel, detailing the processes and standards used to assess jet fuel prices. It outlines the rationale behind Argus's methodologies, emphasizing the goal of producing reliable and representative price assessments that reflect market trading practices. The guide describes the survey process used to gather market data from various participants, including producers and consumers, and explains the importance of transaction data in the assessment process. Argus reporters engage with market participants to collect relevant data, ensuring a broad representation of market conditions. The document also covers the verification of transaction data, detailing the tests applied to ensure the integrity of the price assessments. Additionally, it discusses the methodologies used when transaction data is insufficient, highlighting the rigorous approach taken to assess market value through intelligent judgment and widely accepted valuation metrics. Overall, the guide serves as a comprehensive resource for understanding the methodologies employed by Argus in jet fuel price assessments.