LNG Freight Route US Gulf to Continent RV ( LNG Fuel) (Baltic)
Futures
LNG Freight Route US Gulf to Continent RV ( LNG Fuel) (Baltic) Futures - Contract Specs
| Contract Unit | 1 charter day |
|---|---|
| Price Quotation | U.S. dollars and cents per charter day |
| Trading Hours | CME Globex: Sunday - Friday 5:00 p.m. - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m. CT CME ClearPort: Sunday 5:00 p.m. - Friday 4:00 p.m. CT with no reporting Monday - Thursday 4:00 p.m. - 5:00 p.m. CT |
| Minimum Price Fluctuation | 1 charter day = $1.00 |
| Product Code | CME Globex: BL2 CME ClearPort: BL2 Clearing: BL2 |
| Listed Contracts | Monthly contracts listed for the current year and the next 2 calendar years. List monthly contracts for a new calendar year following the termination of trading in the November contract of the curent year. |
| Settlement Method | Financially Settled |
| Floating Price | The floating price for each contract month is equal to arithmetic average of the USD per day rate for the BLNG2g freight route (i.e. US Gulf to Continent Round Voyage) for cargoes of 160,000 cubic metres, or as subsequently amended, published by the Baltic Exchange for each day that is published during the Settlement Period. The Floating Price shall be rounded to the nearest $0.01. |
| Termination of Trading | Jan - Nov: Trading terminates on the last day of the settlement period, on which the Index is published by the Baltic Exchange (usually a Tuesday or Friday). Dec: Trading terminates on the 24th day of the contract month, assuming this is a day on which the Index is published by the Baltic Exchange (usually a Tuesday or Friday). If the Baltic Exchange does not publish the Index on the 24th, trading terminates on the prior publication date. |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Vendor Codes |
