BALTIC FREIGHT INDEX

BALTIC FREIGHT INDEX

1323 (Feb. 13, 1992) Previous day - 1339

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% 11.742 1293

Trans-Atlantic Round Time Charter 10% 09525 1454

U.S. Gulf-Japan H. Grain 10% 23.083 1616

Skaw Passero-Taiwan-Japan Time Charter 10% 12750 1721

U.S. North Pacific-Japan H. Grain 7.5% 13.142 1424

Trans-Pacific Round Time Charter 7.5% 9375 1394

U.S. Gulf-Venezuela H. Grain 5% 15.100 1294

Skaw Passero-Far East Time Charter 5% 10775 1333

Hampton Roads-Richards Bay-Japan Coal 7.5% 12.200 1183

Hampton Roads-North Continent Coal 5% 4.742 0974

Queensland-Rotterdam Coal 5% 10.883 0990

Vancouver-San Diego-Rotterdam Petcoke 5% 12.317 0937

Tubarao-Rotterdam Iron Ore 5% 5.233 1020

Casablanca-West Coast India Phosrock 2.5% 35.542 0996

Aqaba-West Coast India Phosrock 5% 18.750 1384