BALTIC FREIGHT INDEX

BALTIC FREIGHT INDEX

1305 (May 15, 1990) Previous day - 1305

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.Dollar

Com- Metric

Routes modity Weight Ton Index

U.S. Gulf-North Continent Grain 20% 11.958 1317

U.S. Gulf-Japan Grain 20% 21.500 1505

U.S. North Pacific-Japan Grain 15% 11.108 1204

U.S. Gulf-Venezuela Grain 5% 15.800 1354

Antwerp-Jeddah Grain 5% 20.467 1965

Hampton Roads-Richards Bay-Japan

Coal 7.5% 14.675 1423

Hampton Roads-North Continent Coal 5% 6.525 1129

Queensland-Rotterdam Coal 5% 11.742 1037

Vancouver-San Diego-Rotterdam Petcoke 5% 12.142 924

Monrovia-Rotterdam Iron Ore 5% 6.050 1344

Casablanca-West Coast India Phosrock 2.5% 32.458 909

Aqaba-West Coast India Phosrock 5% 19.000 1403