BALTIC FREIGHT INDEX

BALTIC FREIGHT INDEX

1228 (Feb. 27, 1992) Previous day - 1227

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% 10.400 1146

Trans-Atlantic Round Time Charter 10% 08420 1285

U.S. Gulf-Japan H. Grain 10% 21.000 1470

Skaw Passero-Taiwan-Japan Time Charter 10% 11660 1574

U.S. North Pacific-Japan H. Grain 7.5% 12.270 1330

Trans-Pacific Round Time Charter 7.5% 8750 1301

U.S. Gulf-Venezuela H. Grain 5% 14.370 1231

Skaw Passero-Far East Time Charter 5% 10190 1260

Hampton Roads-Richards Bay-Japan Coal 7.5% 11.730 1137

Hampton Roads-North Continent Coal 5% 4.770 0980

Queensland-Rotterdam Coal 5% 10.500 0955

Vancouver-San Diego-Rotterdam Petcoke 5% 11.880 0904

Tubarao-Rotterdam Iron Ore 5% 4.780 0931

Casablanca-West Coast India Phosrock 2.5% 32.950 0923

Aqaba-West Coast India Phosrock 5% 18.400 1359