BALTIC FREIGHT INDEX

BALTIC FREIGHT INDEX

1231 (Mar. 12, 1992) Previous day - 1231

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% 09.330 1028

Trans-Atlantic Round Time Charter 10% 08310 1268

U.S. Gulf-Japan H. Grain 10% 21.520 1506

Skaw Passero-Taiwan-Japan Time Charter 10% 11690 1578

U.S. North Pacific-Japan H. Grain 7.5% 12.310 1334

Trans-Pacific Round Time Charter 7.5% 10000 1487

U.S. Gulf-Venezuela H. Grain 5% 14.300 1225

Skaw Passero-Far East Time Charter 5% 10.130 1253

Hampton Roads-Richards Bay-Japan Coal 7.5% 11.580 1123

Hampton Roads-North Continent Coal 5% 4.750 0976

Queensland-Rotterdam Coal 5% 10.580 0962

Vancouver-San Diego-Rotterdam Petcoke 5% 11.930 0908

Tubarao-Rotterdam Iron Ore 5% 4.820 0939

Casablanca-West Coast India Phosrock 2.5% 32.750 0917

Aqaba-West Coast India Phosrock 5% 18.370 1356