BALTIC FREIGHT INDEX

BALTIC FREIGHT INDEX

1468 (Jan. 28, 1992) Previous day - 1483

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% 13.490 1486

Trans-Atlantic Round Time Charter 10% 11140 1700

U.S. Gulf-Japan H. Grain 10% 24.700 1729

Skaw Passero-Taiwan-Japan Time Charter 10% 14660 1979

U.S. North Pacific-Japan H. Grain 7.5% 14.450 1566

Trans-Pacific Round Time Charter 7.5% 10960 1630

U.S. Gulf-Venezuela H. Grain 5% 15.830 1356

Skaw Passero-Far East Time Charter 5% 11480 1420

Hampton Roads-Richards Bay-Japan Coal 7.5% 13.900 1348

Hampton Roads-North Continent Coal 5% 4.980 1023

Queensland-Rotterdam Coal 5% 11.900 1051

Vancouver-San Diego-Rotterdam Petcoke 5% 12.900 0982

Tubarao-Rotterdam Iron Ore 5% 6.080 1185

Casablanca-West Coast India Phosrock 2.5% 36.180 1013

Aqaba-West Coast India Phosrock 5% 18.920 1397