BALTIC FREIGHT INDEX

BALTIC FREIGHT INDEX

1462 (Apr. 9, 1990) Previous day - 1466

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 13.150 1448

U.S. Gulf-Japan Grain 20 percent 24.000 1680

U.S. North Pacific-Japan Grain 15 percent 14.180 1537

U.S. Gulf-Venezuela Grain 5 percent 16.840 1443

Antwerp-Jeddah Grain 5 percent 21.120 2028

Hampton Roads-Richards Bay-Japan Coal 7.5 percent 15.850 1537

Hampton Roads-North Continent Coal 5 percent 7.410 1282

Queensland-Rotterdam Coal 5 percent 12.590 1112

Vancouver-San Diego-Rotterdam Petcoke 5 percent 13.910 1058

Monrovia-Rotterdam Iron Ore 5 percent 6.760 1502

Casablanca-West Coast India Phosrock 2.5 percent 34.430 964

Aqaba-West Coast India Phosrock 5 percent 19.850 1466