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The oil market has recently been shaken up by geopolitical events, but volatility in the price difference between low and high sulphur fuel cannot be explained by that alone – the uncertainty is the chaos factor.
The Chinese Ministry of Transport (MOT) has passed a new domestic emission control area regulation from 1 January 2019 in their territorial waters.
This guideline follows on from the CIMAC WG7 guideline No 09:2014 which set out the differences between the ISO 4259 approach and that adopted under MARPOL Annex VI in respect of fuel sulphur content test results. However, it is important to understand that this ISO 4259 approach is also applied generally to the interpretation of all marine fuel analysis test results.
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