CHARTER INDEX

CHARTER INDEX

The weekly freight index of Maritime Research Inc. (January-December 1972 equals 100 percent) is as follows:

Week Ending 3-12-88 3-14-87 3-5-88General Freight

Index 272.7 178.2 272.6

Time Charter Index

1 to 2 mos 297.8 188.0 293.3

2 to 3 mos 263.2 156.1 261.8

Over 6 mos 313.5 217.5 303.6

Grain

Freight Index 273.2 170.4 273.5

Misc.

Freight Index 271.5 195.0 270.2

The general freight, time charter, grain and misc. indexes are measure ments of the relative increase/decrease in quoted freight rates for fixtures reported, weighted by importance as determined by a survey of the base year.