BALTIC FREIGHT INDEX

BALTIC FREIGHT INDEX

2015 (Sept. 13, 1995) Previous day - 2027

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% 17.393 1916

Trans-Atlantic Round Timecharter 10% 15,057 * 2298

U.S. Gulf-Japan H. Grain 10% 33.836 2368

Skaw Passero-Taiwan/Japan Timecharter 10% 19,864 * 2682

U.S. North Pacific-Japan H. Grain 10% 19.079 2068

Trans-Pacific Round Timecharter 10% 15,093 * 2245

Hampton Roads/Richards Bay-JapanCoal 7.5% 18.007 1746

Hampton Roads-Rotterdam Coal 7.5% 7.157 1470

Queensland-Rotterdam Coal 7.5% 11.879 1080

Far East-Europe Timecharter 10% 10,643 * 1404

Tubarao-Rotterdam Iron Ore 7.5% 7.293 1444

*Dollars per day.