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Jet Aviation Fuel (Platts) Cargoes FOB MED vs. ICE Gasoil Swap Futures
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Jet Aviation Fuel (Platts) Cargoes FOB MED vs. ICE Gasoil Swap Futures
Product Symbol 1V
Venue CME ClearPort, Open Outcry (New York)
Hours (All Times are New York Time/ET) CME ClearPort Sunday - Friday 6:00 p.m. - 5:15 p.m. (5:00 p.m. - 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
Open Outcry Monday - Friday 9:00 AM to 2:30 PM (8:00 AM to 1:30 PM CT)
Contract Unit 1,000 metric tons
Price Quotation U.S. dollars and cents per metric ton
Minimum Fluctuation $0.001 per metric ton
Floating Price The Floating Price for each contract month is equal to the arithmetic average of the mid-point between the high and low quotations from the Platts European Marketscan for Jet Aviation Fuel under the heading "Cargoes FOB Med Basis Italy" minus the first line Gasoil (ICE) Futures settlement price for each business day during the contract month (using Non-common pricing), except as noted in (B) below.

(B) The settlement prices of the first nearby contract month will be used except on the last day of trading for the expiring Gasoil Futures contract when the settlement prices of the second nearby Gasoil contract will be used.
Termination of Trading Trading ceases on the last business day of the contract month.
Listed Contracts 36 consecutive months
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 417
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.