Freight

Seaborne trade in bulk commodities remains the backbone of globalisation with more than 11 billion tonnes of cargo carried annually. Freight rates in the dry bulk sector can be extremely volatile, rallying or declining by thousands or even tens of thousands of dollars in days.

These levels of unpredictability mean that forward price transparency and the ability to manage price risks with financial derivatives are essential tools for any organisation with exposure to shipping rates.

CLTX’s unique market infrastructure allows users to access a number of different clearing destinations from a single amalgamated order book operated by a regulated exchange.

Contract Specifications

PRODUCT
DESCRIPTION

Time Charter: CTC, PTC, STC, HTC
Time Charter Trip: P1A, P2A, P3A,
P1E, P2E, P3E

Voyage: C3E, C4E, C5E, C7E

CONTRACT SIZE

1 day

1,000 metric tons

MINIMUM TICK

US$ 25

US$ 0.01

FINAL SETTLEMENT PRICE

The floating price will be the end-of-day price as supplied by the Baltic Exchange.


All products: Final settlement price will be the mean of the daily Baltic Exchange spot price assessments for every trading day in the expiry month.


Exception for P1A, P2A, P3A: Final settlement price will be the mean of the last 7 Baltic Exchange spot price assessments in the expiry month.

CONTRACT SERIES

CTC, PTC, STC, HTC: Months, quarters and calendar years out to a maximum of 72 months

C3E, C4E, C5E, C7E, P1A, P2A, P3A, P1E, P2E, P3E: Months, quarters and calendar years out to a maximum of 36 months

SETTLEMENT

At 13:00 hours (UK time) on the last business day of each month within the contract series