China Aviation Oil (Singapore) has secured jet fuel term barrels for 2013 in its first term tender in about two years, industry sources said on Monday.

The company has secured an unspecified volume for delivery next year at a slight discount to Singapore quotes, on a free-on-board basis, two industry sources said.

While the exact price level could not be confirmed, one industry source said it was at about a discount of five cents a barrel to Singapore quotes.

This is in line with recent North Asian term contracts firmed up for next year, traders said.