BALTIC FREIGHT INDEX

BALTIC FREIGHT INDEX

2109 (Aug. 30, 1995) Previous day - 2118

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 11 routes listed below.

Dollars/

Routes Commodity Weight Metric Ton Index

U.S. Gulf-N. Continent L. Grain 10% 18.357 2022

Trans-Atlantic Round Timecharter 10% 16,207 * 2474

U.S. Gulf-Japan H. Grain 10% 34.771 2434

Skaw Passero-Taiwan/Japan Timecharter 10% 20,907 * 2823

U.S. North Pacific-Japan H. Grain 10% 19.857 2152

Trans-Pacific Round Timecharter 10% 15,664 * 2330

Hampton Roads/Richards Bay-Japan Coal 7.5% 18.286 1773

Hampton Roads-Rotterdam Coal 7.5% 7.550 1551

Queensland-Rotterdam Coal 7.5% 12.414 1129

Far East-Europe Timecharter 10% 11,114 * 1466

Tubarao-Rotterdam Iron Ore 7.5% 7.671 1519

*Dollars per day.