BALTIC FREIGHT INDEX

BALTIC FREIGHT INDEX

1603 (Mar. 1, 1990) Previous day - 1604

The Baltic International Freight Futures Market in London offers owners and charterers in the bulk shipping community a forum for futures trading of a freight rate index. The contracts are based on the Baltic Freight Index, announced daily, of 12 routes listed below. DollarCom- Metric

Routes modity Weight Ton Index

U.S. Gulf-North Continent

Grain 20 percent 14.517 1599

U.S. Gulf-Japan

Grain 20 percent 26.542 1858

U.S. North Pacific-Japan

Grain 15 percent 16.833 1825

U.S. Gulf-Venezuela

Grain 5 percent 17.450 1495

Antwerp-Jeddah

Grain 5 percent 22.000 2112

Hampton Roads-Richards Bay-Japan

Coal 7.5 percent 17.108 1659

Hampton Roads-North Continent

Coal 5 percent 8.042 1392

Queensland-Rotterdam

Coal 5 percent 12.800 1131

Vancouver-San Diego-Rotterdam

Petcoke 5 percent 14.683 1117

Monrovia-Rotterdam

Iron Ore 5 percent 7.275 1617

Casablanca-West Coast India

Phosrock 2.5 percent 34.542 968

Aqaba-West Coast India

Phosrock 5 percent 20.500 1514