• Regularity Approval for Aluminum

      • From
      • Registrar's Office
      • #
      • MKR06-01-17C
      • Notice Date
      • 01 June 2017
      • Effective Date
      • 01 June 2017
    • DATE:              June 1, 2017

      MKR#:             06-01-17C

      SUBJECT:       Regularity Approval for Aluminum

       

      The Commodity Exchange, Inc. (“COMEX” or “Exchange”) has received and approved the application of Kodiak Warehouse, LLC for regularity for the storage of aluminum deliverable against the COMEX Aluminum futures contract at their location in St. Rose, Louisiana. 

      The approved cumulative indoor and outdoor capacity at this warehouse is 40,000 metric tons.

      The primary conveyance designated by the Exchange shall be truck.  Primary conveyance shall be subject to the minimum guaranteed daily load out rate as prescribed in NYMEX Chapter 7, Rule 703.B.3.b., contingent on any pending conveyance orders submitted prior to the primary conveyance order. 

      The alternative conveyance designated by the Exchange for aluminum shall be rail.  The minimum guaranteed daily load out rate for this conveyance shall be 500 metric tons which shall be published in the Interpretations & Special Notices Related to Chapter 7.  In electing an alternate conveyance, the minimum guaranteed daily load out rate for the alternate conveyance shall apply absent any pending conveyance orders submitted prior to the alternate conveyance order.

      At all times, the regular warehouse shall be required to meet a cumulative minimum guaranteed daily load out rate as prescribed in NYMEX Chapter 7, Rule 703.B.3.b. for all pending load out orders, on a first come first served basis.

      The rates that have been approved by the Exchange to be published on behalf of Kodiak Warehouse, LLC for aluminum are as follows:

      Storage – Indoor per metric ton per month

      $9.00

      Storage – Outdoor per metric ton per month

      $7.50

      Inbound Handling per metric ton (truck & rail)

      $6.00

      Outbound Handling per metric ton (truck & rail)

      $39.00

      Weighting Charge per metric ton

      $5.00

      Facility Receipt (Issue and Replacement)

      $75.00

      Issuance of Bill of Lading

      $25.00

      Blocking and Bracing (per metric ton truck & rail)

      $5.00

      Labor Rate per hour (for additional labor requested)

      $75.00

      Please refer questions on this subject to:

      Market Surveillance:

      Terry Gehring                            Terry.Gehring@cmegroup.com                          (312) 435-3644

       

      The Commodity Trading Commission (CFTC) will be notified of this approval during the week of June 5, 2017 via weekly notification procedures set out in Part 40 of the CFTC Regulations.