- Trading Screen Product Name
- Freight Futures (USD) (balmo)
- Trading Screen Hub Name
- USGC-China (Dirty)
- Contract Symbol
DUS
- 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 ($0.0001) per metric tonne
- Last Trading Day
Last Trading Day of the contract month.
- Floating Price
In respect of daily settlement, the Floating Price will be
determined by ICE using price data from a number of sources
including spot, forward and derivative markets for both physical
and financial products.
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in USD and cents per metric tonne based on the average of the
assessments appearing in the “Platts Dirty Tankerwire”
under the heading “Americas Dirty Tankers”, subheading
“VLCC” and “$/mt” for the USGC to China
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 Dirty Tankerwire
- MIC Code
- IFEU
- Clearing Venues
- ICEU