USGC Marine Fuel 0.5% Barges (Platts) vs. Gulf Coast HSFO (Platts)
Futures
USGC Marine Fuel 0.5% Barges (Platts) vs. Gulf Coast HSFO (Platts) Futures - Contract Specs
| Contract Unit | 1,000 barrels |
|---|---|
| Price Quotation | U.S. dollars and cents per barrel |
| Trading Hours | Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET) |
| Minimum Price Fluctuation | 0.01 per barrel = $10.00 |
| Product Code | CME Globex: H5G CME ClearPort: H5G Clearing: H5G |
| Listed Contracts | Monthly contracts listed for the current year and next 3 calendar years. Add monthly contracts for a new calendar year following the termination of trading in the December contract of the current year. |
| Settlement Method | Financially Settled |
| Floating Price | The Floating Price for each contract month is equal to the arithmetic average of the $/barrel quotations from the Platts Oilgram Price Report under the heading “Marine fuel” for “0.5% FOB US Gulf Coast barge” minus the arithmetic average of the high and low quotations from the Platts Oilgram Price Report under the heading “U.S. Gulf Coast” for “USGC HSFO” for each business day during the contract month. |
| Termination of Trading | Trading terminates on the last business day of the contract month. |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Vendor Codes |
