BALTIC FREIGHT INDEX

BALTIC FREIGHT INDEX

1590 (Mar. 20, 1990) Previous day - 1594

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 14.108 1554

U.S. Gulf-Japan Grain 20 percent 27.733 1941

U.S. North Pacific-Japan Grain 15 percent 15.608 1692

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 17.083 1656

Hampton Roads-North Continent Coal 5 percent 8.433 1459

Queensland-Rotterdam Coal 5 percent 12.808 1131

Vancouver-San Diego-Rotterdam Petcoke 5 percent 14.433 1102

Monrovia-Rotterdam Iron Ore 5 percent 7.017 1559

Casablanca-West Coast India Phosrock 2.5 percent 35.200 986

Aqaba-West Coast India Phosrock 5 percent 19.992 1476