BALTIC FREIGHT INDEX

BALTIC FREIGHT INDEX

1339 (Feb. 12, 1992) Previous day - 1349

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% 11.808 1301

Trans-Atlantic Round Time Charter 10% 10000 1526

U.S. Gulf-Japan H. Grain 10% 23.125 1619

Skaw Passero-Taiwan-Japan Time Charter 10% 12925 1745

U.S. North Pacific-Japan H. Grain 7.5% 13.258 1437

Trans-Pacific Round Time Charter 7.5% 9633 1433

U.S. Gulf-Venezuela H. Grain 5% 15.175 1300

Skaw Passero-Far East Time Charter 5% 10825 1339

Hampton Roads-Richards Bay-Japan Coal 7.5% 12.217 1184

Hampton Roads-North Continent Coal 5% 4.708 0967

Queensland-Rotterdam Coal 5% 10.933 0994

Vancouver-San Diego-Rotterdam Petcoke 5% 12.350 0940

Tubarao-Rotterdam Iron Ore 5% 5.267 1026

Casablanca-West Coast India Phosrock 2.5% 35.542 0996

Aqaba-West Coast India Phosrock 5% 18.750 1384