CHARTER INDEX

CHARTER INDEX

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

Week Ending 6-09-90 6-10-89 6-02-90General Freight

Index 262.6 267.2 262.6

Time Charter Index

1 to 2 mos 262.4 310.7 257.0

2 to 3 mos 243.4 264.5 247.4

Over 6 mos 297.0 309.2 302.0

Grain

Freight Index 258.7 258.3 256.5

Misc.

Freight Index 270.8 286.4 275.5

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