BALTIC FREIGHT INDEX

BALTIC FREIGHT INDEX

1393 (Feb. 5, 1992) Previous day - 1402

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% 12.517 1379

Trans-Atlantic Round Time Charter 10% 10466 1597

U.S. Gulf-Japan H. Grain 10% 23.792 1665

Skaw Passero-Taiwan-Japan Time Charter 10% 13825 1866

U.S. North Pacific-Japan H. Grain 7.5% 13.458 1459

Trans-Pacific Round Time Charter 7.5% 10016 1490

U.S. Gulf-Venezuela H. Grain 5% 15.542 1332

Skaw Passero-Far East Time Charter 5% 10991 1360

Hampton Roads-Richards Bay-Japan Coal 7.5% 13.167 1277

Hampton Roads-North Continent Coal 5% 4.700 0965

Queensland-Rotterdam Coal 5% 11.533 1019

Vancouver-San Diego-Rotterdam Petcoke 5% 12.583 0957

Tubarao-Rotterdam Iron Ore 5% 5.767 1124

Casablanca-West Coast India Phosrock 2.5% 36.000 1008

Aqaba-West Coast India Phosrock 5% 18.883 1394