BALTIC FREIGHT INDEX

BALTIC FREIGHT INDEX

1331 (Oct. 25, 1993) Previous day - 1341

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.Dollars/

Routes Commodity Weight Metric Ton Index

U.S. Gulf-North Continent L. Grain 10% 11.240 1238

Trans-Atlantic Round Time Charter 10% 8,870* 1354

U.S. Gulf-Japan H. Grain 10% 22.550 1578

Skaw Passero-Taiwan-Japan Time Charter 10% 12,040* 1625

U.S. North Pacific-Japan H. Grain 7.5% 13.330 1445

Trans-Pacific Round Time Charter 7.5% 9,890* 1471

U.S. Gulf-Venezuela H. Grain 5% 17.130 1468

Skaw Passero-Far East Time Charter 5% 14,380* 1779

Hampton Roads-Richards Bay-Japan Coal 7.5% 12.290 1192

Hampton Roads-Rotterdam Coal 5% 5.110 1049

Queensland-Rotterdam Coal 5% 8.950 0814

Far East-Europe Time Charter 5% 7,290* 0962

Tubarao-Rotterdam Iron Ore 5% 5.230 1019

Casablanca-West Coast India Phosrock 2.5% 37.600 1053

Aqaba-West Coast India Phosrock 5% 18.300 1351

*Dollars per day.