London (Platts)--19Nov2012/350 am EST/850 GMT

A North Sea Forties crude cargo to South Korea for December at the UK's Hound Point terminal has been placed on subjects, oil traders said Friday.

The Al Jabrriyah II Very Large Crude Carrier was reportedly put on subjects for loading in December on Thursday.

The identity of the company behind the move was unclear although traders and shipping brokers said it might be BP or Mercuria.

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A trading source at Mercuria was quick to dismiss the speculation.

"We do not have any VLCC on subjects," he said.

BP declined to comment.

Whether the cargo would be finalized was not clear, some traders said.

Forties exports to South Korea have been a regular feature of the North Sea physical crude market since last year after the European Union struck a free trade agreement with the Asian nation that canceled import tariffs.

--Olivier Lejeune, olivier_lejeune@platts.com --Angela Velasco,\ angela_velasco@platts.com --Edited by Martin O'Rourke, martin_orourke@platts.com

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