Oil Swaps Contracts
| Products | Dubai | Brent / Dubai Crude Oil Spread Swap | Gasoil | Kerosene | Naphtha | Fuel Oil 180 | Fuel Oil 380 |
| Contract | Dubai Crude Oil Swap | Brent / Dubai Crude Oil Spread Swap | Gasoil Swap FOB Singapore, 0.50% sulfur | Kerosene Swap FOB Singapore | Naphtha Swap FOB Singapore | Singapore Fuel Oil 180cst Swap, 3.5% sulfur | Singapore Fuel Oil 380cst Swap, 4% sulfur |
| Final Settlement Price | Arithmetic average of Platts' daily spot assessments in the Contract Month for the relevant underlying product, rounded to 3 decimal places. |
| Products | Mini Fuel Oil 180 CST | Mini Fuel Oil 380 CST |
| Contract | Mini Singapore Fuel Oil 180 CST Swap, 3.5% Sulfur | Mini Singapore Fuel Oil 380 CST Swap, 4% Sulfur |
| Final Settlement Price | Arithmetic average of Platts' daily spot assessments in the Contract Month for the relevant underlying product, rounded to 3 decimal places. |
| Products | Visco | Regrade |
| Contract | Fuel Oil 180cst vs 380cst Swaps Differential | Kerosene vs Gasoil Swaps Differential |
| Final Settlement Price | FSP of Fuel Oil 180cst Swap minus FSP of Fuel Oil 380cst Swap | FSP of Kerosene Swap FOB Singapore minus FSP of Gasoil Swap FOB Singapore |
| Products | Benzene Swaps |
| Contract | Benzene FOB Korea Swaps |
| Final Settlement Price | Cash settlement using the arithmetic average of Platts daily spot 'marker' physical cargo assessments in the contract month, rounded to 3 decimal places. |
| Products | BOM Dubai | BOM Gasoil | BOM Kerosene | BOM Fuel Oil 180 | BOM Fuel Oil 380 |
| Contract | Balance-of-month Dubai Crude Oil Swap | Balance-of-month Gasoil Swap FOB Singapore, 0.50% sulphur | Balance-of-month Kerosene Swap FOB Singapore | Balance-of-month Singapore Fuel Oil 180 cst Swap, 3.5% sulfur | Balance-of-month Singapore Fuel Oil 380 cst Swap, 4% sulfur |
| Final Settlement Price | Arithmetic average of the remaining assessments of Platts' daily spot assessments in the Contract Month for the relevant underlying product, rounded to 3 decimal places. |
Iron Ore Swap Contracts
| Products | Iron Ore Swap |
| Contract | Iron Ore CFR China (62% Fe Fines) Swap |
| Final Settlement Price | Cash settlement using the arithmetic average of all The Steel Index (TSI) iron ore reference prices in the expiring month, rounded to 2 decimal places. |
Freight Forward Contracts: Tanker Voyage Routes
| Product | TD3 | TC4 | TC 5 |
| Contract | TD3 Forward Freight Agreement- ME Gulf-Japan (Ras Tanura - Chiba), 260,000 mt | TC4 Forward Freight Agreement- Singapore-Japan (Singapore - Chiba), 30,000 mt | TC5 Forward Freight Agreement- Middle East-Japan (Ras Tanura - Yokohama), 50,000 mt |
| Final Settlement Price | Arithmetic average of Baltic's daily spot assessments in the Contract Month for the relevant underlying product, rounded to 4 decimal places | Arithmetic average of Platts' daily spot assessments in the Contract Month for the relevant underlying product, rounded to 4 decimal places | Arithmetic average of Platts' daily spot assessments in the Contract Month for the relevant underlying product, rounded to 4 decimal places. |
Freight Forward Contracts: Dry Trip Timecharter Routes
| Product | P2A | P3A |
| Contract | Panamax Route P2A Forward Freight Agreement Skaw/Gibraltar — Far East, re-delivery Taiwan/Japan range. 60/65 days | Panamax Route P3A Forward Freight Agreement Trans Pacific round either via Australia or Pacific, delivery and re-delivery Japan/South Korea range. 35/50 days |
| Final Settlement Price | Arithmetic average of last 7 Baltic's daily spot assessments in the Contract Month for the relevant underlying product, rounded to 1 decimal place |
Freight Forward Contracts: Dry Voyage Routes
| Product | C3 | C4 | C5 | C7 |
| Contract | Capesize Route C3 Forward Freight Agreement Tubarao/Beilun and Baoshan. 150,000mt | Capesize Route C4 Forward Freight Agreement Richards Bay-Rotterdam. 150,000mt | Capesize Route C5 Forward Freight Agreement W Australia — Beilun/Baoshan. 150,000mt | Capesize Route C7 Forward Freight Agreement Bolivar-Rotterdam. 150,000mt |
| Final Settlement Price | Arithmetic average of last 7 Baltic's daily spot assessments in the Contract Month for the relevant underlying product, rounded to 4 decimal places |
Freight Forward Contracts: Dry Timecharter Basket Routes
| Product | CTC | Half-Day CTC | PTC | Half-Day PTC | STC | Half-Day STC |
| Contract | Capesize Time Charter Basket | Half-day Capesize Time Charter Basket | Panamax Time Charter Basket | Half-day Panamax Time Charter Basket | Supramax Time Charter Basket | Half-day Supramax Time Charter Basket |
| Final Settlement Price | Arithmetic average of all Baltic's daily spot assessments in the Contract Month for the relevant underlying product, rounded to 1 decimal place |
| Product | HTC | Half-Day HTC |
| Contract | Handysize Time Charter Basket Average 6 Routes | Half-day Handysize Time Charter Basket |
| Final Settlement Price | Arithmetic average of all Baltic's daily spot assessments in the Contract Month for the relevant underlying product, rounded to 1 decimal place |
Container Swap Contracts
| Product | Container Swap |
| Contract | Shanghai-Europe Route Container Swap | Shanghai-Mediterranean Container Swap | Shanghai-US West Coast Container Swap | Shanghai-US East Coast Container Swap |
| Final Settlement Price | Cash settlement using the arithmetic average of all Shanghai Shipping Exchange's Shanghai Containerized Freight Index (SCFI) weekly spot assessments for the contract month, rounded to 2 decimal places |
Added on 27 March 200627 March 2006 and amended on 1 September 20061 September 2006, 1 March 20071 March 2007,1 August 20071 August 2007, 28 November 200728 November 2007, 5 May 20085 May 2008, 17 April 200917 April 2009 and 31 May 201031 May 2010.
