BALTIC FREIGHT INDEX

BALTIC FREIGHT INDEX

1760 (Oct. 12, 1995) Previous day - 1773

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% 14.263 1571

Trans-Atlantic Round Timecharter 10% 12,379 * 1889

U.S. Gulf-Japan H. Grain 10% 30.464 2132

Skaw Passero-Taiwan/Japan Timecharter 10% 18,036 * 2435

U.S. North Pacific-Japan H. Grain 10% 17.927 1943

Trans-Pacific Round Timecharter 10% 13,600 * 2023

Hampton Roads/Richards Coal 7.5% 14.814 1436

Bay-Japan

Hampton Roads-Rotterdam Coal 7.5% 6.014 1235

Queensland-Rotterdam Coal 7.5% 11,429 1039

Far East-Europe Timecharter 10% 8,818 * 1167

Tubarao-Rotterdam Iron Ore 7.5% 6.107 1209

*Dollars per day.