Oil Swaps Contracts
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Products
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Dubai
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Brent / Dubai Crude Oil Spread Swap
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Gasoil
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Kerosene
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Naphtha
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Fuel Oil 180
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Fuel Oil 380
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Contract
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Dubai Crude Oil Swap
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Brent / Dubai Crude Oil Spread Swap
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Gasoil Swap FOB Singapore, 0.50% sulfur
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Kerosene Swap FOB Singapore
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Naphtha Swap FOB Singapore
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Singapore Fuel Oil 180cst Swap, 3.5% sulfur
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Singapore Fuel Oil 380cst Swap, 4% sulfur
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Final Settlement Price
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Arithmetic average of Platts' daily spot assessments in the Contract Month for the relevant underlying product, rounded to 3 decimal places.
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Products
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Mini Fuel Oil 180 CST
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Mini Fuel Oil 380 CST
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Contract
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Mini Singapore Fuel Oil 180 CST Swap, 3.5% Sulfur
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Mini Singapore Fuel Oil 380 CST Swap, 4% Sulfur
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Final Settlement Price
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Arithmetic average of Platts' daily spot assessments in the Contract Month for the relevant underlying product, rounded to 3 decimal places.
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Products
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Visco
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Regrade
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Contract
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Fuel Oil 180cst vs 380cst Swaps Differential
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Kerosene vs Gasoil Swaps Differential
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Final Settlement Price
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FSP of Fuel Oil 180cst Swap minus FSP of Fuel Oil 380cst Swap
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FSP of Kerosene Swap FOB Singapore minus FSP of Gasoil Swap FOB Singapore
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Products
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Benzene Swaps
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Contract
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Benzene FOB Korea Swaps
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Final Settlement Price
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Cash settlement using the arithmetic average of Platts daily spot 'marker' physical cargo assessments in the contract month, rounded to 3 decimal places.
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Products
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BOM Dubai
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BOM Gasoil
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BOM Kerosene
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BOM Fuel Oil 180
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BOM Fuel Oil 380
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Contract
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Balance-of-month Dubai Crude Oil Swap
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Balance-of-month Gasoil Swap FOB Singapore, 0.50% sulphur
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Balance-of-month Kerosene Swap FOB Singapore
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Balance-of-month Singapore Fuel Oil 180 cst Swap, 3.5% sulfur
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Balance-of-month Singapore Fuel Oil 380 cst Swap, 4% sulfur
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Final Settlement Price
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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.
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Iron Ore Swap Contracts
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Products
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Iron Ore Swap
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Contract
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Iron Ore CFR China (62% Fe Fines) Swap
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Final Settlement Price
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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.
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Freight Forward Contracts: Tanker Voyage Routes
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Product
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TD3
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TC4
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TC 5
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Contract
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TD3 Forward Freight Agreement- ME Gulf-Japan (Ras Tanura - Chiba), 260,000 mt
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TC4 Forward Freight Agreement- Singapore-Japan (Singapore - Chiba), 30,000 mt
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TC5 Forward Freight Agreement- Middle East-Japan (Ras Tanura - Yokohama), 50,000 mt
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Final Settlement Price
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Arithmetic average of Baltic's daily spot assessments in the Contract Month for the relevant underlying product, rounded to 4 decimal places
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Arithmetic average of Platts' daily spot assessments in the Contract Month for the relevant underlying product, rounded to 4 decimal places
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Arithmetic average of Platts' daily spot assessments in the Contract Month for the relevant underlying product, rounded to 4 decimal places.
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Freight Forward Contracts: Dry Trip Timecharter Routes
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Product
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P2A
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P3A
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Contract
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Panamax Route P2A Forward Freight Agreement Skaw/Gibraltar — Far East, re-delivery Taiwan/Japan range. 60/65 days
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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
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Final Settlement Price
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Arithmetic average of last 7 Baltic's daily spot assessments in the Contract Month for the relevant underlying product, rounded to 1 decimal place
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Freight Forward Contracts: Dry Voyage Routes
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Product
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C3
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C4
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C5
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C7
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Contract
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Capesize Route C3 Forward Freight Agreement Tubarao/Beilun and Baoshan. 150,000mt
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Capesize Route C4 Forward Freight Agreement Richards Bay-Rotterdam. 150,000mt
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Capesize Route C5 Forward Freight Agreement W Australia — Beilun/Baoshan. 150,000mt
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Capesize Route C7 Forward Freight Agreement Bolivar-Rotterdam. 150,000mt
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Final Settlement Price
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Arithmetic average of last 7 Baltic's daily spot assessments in the Contract Month for the relevant underlying product, rounded to 4 decimal places
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Freight Forward Contracts: Dry Timecharter Basket Routes
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Product
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CTC
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Half-Day CTC
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PTC
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Half-Day PTC
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STC
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Half-Day STC
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Contract
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Capesize Time Charter Basket
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Half-day Capesize Time Charter Basket
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Panamax Time Charter Basket
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Half-day Panamax Time Charter Basket
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Supramax Time Charter Basket
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Half-day Supramax Time Charter Basket
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Final Settlement Price
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Arithmetic average of all Baltic's daily spot assessments in the Contract Month for the relevant underlying product, rounded to 1 decimal place
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Product
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HTC
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Half-Day HTC
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Contract
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Handysize Time Charter Basket Average 6 Routes
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Half-day Handysize Time Charter Basket
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Final Settlement Price
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Arithmetic average of all Baltic's daily spot assessments in the Contract Month for the relevant underlying product, rounded to 1 decimal place
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Container Swap Contracts
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Product
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Container Swap
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Contract
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Shanghai-Europe Route Container Swap
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Shanghai-Mediterranean Container Swap
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Shanghai-US West Coast Container Swap
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Shanghai-US East Coast Container Swap
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Final Settlement Price
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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
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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.
