Japan Crude Cocktail
The Japan Customs-cleared Crude is the average price of customs-cleared crude oil imports into Japan as reported in customs statistics; nicknamed the "Japanese Crude Cocktail".
It is a commonly used index in long term LNG contracts in Japan, Korea and Taiwan, and replaced the Government Selling Price of crude oil as the standard index.
The data to calculate JCC is published by the Japanese government every month. This is the raw and crude oil import prices in yen per kilolitre, the dollar yen exchange rate and the total Japanese imports of all commodities for the month.
JCC prices are available from the Petroleum Association of Japan.
