BALTIC FREIGHT INDEX

BALTIC FREIGHT INDEX

1525 (Jan. 16, 1992) Previous day - 1521

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 15 routes listed below.Dollar

Com- Metric

Routes modity Weight Ton Index

U.S. Gulf-North Continent L. Grain 10% 14.150 1559

Trans-Atlantic Round Time Charter 10% 11933 1821

U.S. Gulf-Japan H. Grain 10% 25.433 1780

Skaw Passero-Taiwan-Japan Time Charter 10% 14966 2007

U.S. North Pacific-Japan H. Grain 7.5% 14.833 1608

Trans-Pacific Round Time Charter 7.5% 11916 1772

U.S. Gulf-Venezuela H. Grain 5% 15.808 1354

Skaw Passero-Far East Time Charter 5% 12350 1528

Hampton Roads-Richards Bay-Japan Coal 7.5% 14.458 1402

Hampton Roads-North Continent Coal 5% 5.342 1097

Queensland-Rotterdam Coal 5% 12.058 1065

Vancouver-San Diego-Rotterdam Petcoke 5% 13.050 0993

Tubarao-Rotterdam Iron Ore 5% 6.233 1215

Casablanca-West Coast India Phosrock 2.5% 36.233 1015

Aqaba-West Coast India Phosrock 5% 18.925 1397