BALTIC FREIGHT INDEX

BALTIC FREIGHT INDEX

1214 (Mar. 23, 1992) Previous day - 1215

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% 9.950 1096

Trans-Atlantic Round Time Charter 10% 08310 1268

U.S. Gulf-Japan H. Grain 10% 20.400 1428

Skaw Passero-Taiwan-Japan Time Charter 10% 11570 1562

U.S. North Pacific-Japan H. Grain 7.5% 12.260 1329

Trans-Pacific Round Time Charter 7.5% 09490 1411

U.S. Gulf-Venezuela H. Grain 5% 14.110 1209

Skaw Passero-Far East Time Charter 5% 10241 1267

Hampton Roads-Richards Bay-Japan Coal 7.5% 10.460 1014

Hampton Roads-North Continent Coal 5% 4.740 0973

Queensland-Rotterdam Coal 5% 10.410 0947

Vancouver-San Diego-Rotterdam Petcoke 5% 12.000 0913

Tubarao-Rotterdam Iron Ore 5% 4.810 0937

Casablanca-West Coast India Phosrock 2.5% 32.590 0913

Aqaba-West Coast India Phosrock 5% 18.470 1364