BALTIC FREIGHT INDEX

BALTIC FREIGHT INDEX

2006 (Sept. 14, 1995) Previous day - 2015

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% 17.107 1884

Trans-Atlantic Round Timecharter 10% 14,914 * 2276

U.S. Gulf-Japan H. Grain 10% 33.821 2367

Skaw Passero-Taiwan/Japan Timecharter 10% 19,743 * 2665

U.S. North Pacific-Japan H. Grain 10% 19.000 2059

Trans-Pacific Round Timecharter 10% 15,036 * 2236

Hampton Roads/Richards Bay-JapanCoal 7.5% 18.000 1745

Hampton Roads-Rotterdam Coal 7.5% 7.129 1464

Queensland-Rotterdam Coal 7.5% 11.864 1079

Far East-Europe Timecharter 10% 10,639 * 1404

Tubarao-Rotterdam Iron Ore 7.5% 7.293 1444

*Dollars per day.