BALTIC FREIGHT INDEX

BALTIC FREIGHT INDEX

1222 (Feb. 28, 1992) Previous day - 1228

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% 10.020 1104

Trans-Atlantic Round Time Charter 10% 08380 1279

U.S. Gulf-Japan H. Grain 10% 20.940 1466

Skaw Passero-Taiwan-Japan Time Charter 10% 11490 1551

U.S. North Pacific-Japan H. Grain 7.5% 12.280 1331

Trans-Pacific Round Time Charter 7.5% 8950 1331

U.S. Gulf-Venezuela H. Grain 5% 14.350 1229

Skaw Passero-Far East Time Charter 5% 10130 1253

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

Hampton Roads-North Continent Coal 5% 4.750 0976

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% 32.900 0922

Aqaba-West Coast India Phosrock 5% 18.400 1359