You are pretty much right in your thinking. Here is some info on both copy and pasted from www.onederbar.com. Fractionated Coconut Oil (Coco nucifera) NaOH SAP value .234 The steam distilled fraction of whole coconut oil, this component is also known by its INCI name of caprylic triglycerides. A remarkable oil, most consider it to have an indefinite shelf life. It is non-greasy and non-staining, and it can actually assist you in using less preservatives in your emulsions. We cannot say enough good things about this oil. It is naturally fractionated, is a deep carrier, is a medium chain acid completely saturated and free of double bonds, giving it its indefinite shelf life properties. Best of all: It is EXTREMELY cost effective and the best bargain of all the oils along with rice bran. Coconut Oil 76 (Cocos nucifera) HaOH SAP Value: 0.19 Classic lathering agent in soap making formula, and also used to suspend botanical extracts like aloe.