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.
Time Charter: CTC, PTC, STC, HTC
|Voyage: C3E, C4E, C5E, C7E|
1,000 metric tons
FINAL SETTLEMENT PRICE
The floating price will be the end-of-day price as supplied by the Baltic Exchange.
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
|At 13:00 hours (UK time) on the last business day of each month within the contract series|
© 2017 European Energy Exchange AG