Your browser is unsupported

Description

A monthly cash settled freight future based on the Platts daily assessment price for the 55kt Arabian Gulf to Japan route multiplied by the Worldscale flat rate for TC5.

Market Specifications

Trading Screen Product Name

Freight Futures (USD) (balmo)

Trading Screen Hub Name

TC5

Contract Symbol

WNX

Contract Size

1,000 metric tonnes

Unit of Trading

Any multiple of 1,000 metric tonnes

Currency

US Dollars and cents

Trading Price Quotation

One hundredth of one cent ($0.0001) per metric tonne

Settlement Price Quotation

One hundredth of one cent ($0.0001) per metric tonne

Minimum Price Fluctuation

One hundredth of one cent ($0.0001) per metric tonne

Last Trading Day

Last Trading Day of the contract month

Floating Price

In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.

Final Settlement

In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the average of the “Worldscale” assessments appearing in the “Platts Clean Tankerwire” under the heading "East of Suez LRs” for the Arab Gulf to Japan 55kt route multiplied by the applicable Worldscale flat rate for the TC5 route for each business day (as specified below) in the determination period.

Contract Series

Up to 2 consecutive months or as otherwise determined by the Exchange.

Final Payment Date

Two Clearing House Business Days following the Last Trading Day

Business Days

Publication days for Platts Clean Tankerwire

MIC Code

IFEU

Clearing Venues

ICEU

Related Products

• TD3C FFA Middle East Gulf to China (Baltic) Future
• Dirty FFA - USGC to UK-Continent (Platts) Future
• TD20 West Africa to UK-Continent (Baltic) Future
• TC5 FFA Arabian Gulf to Japan (Platts) Future
• TC14 FFA - USGC to Continent (Baltic) Future
Show More

Trading Hours

Codes