• Storage and Handling Rate Changes for Southwest Commodity Warehouse, LLC

      • From
      • Registrar's Office
      • #
      • MKR04-07-16
      • Notice Date
      • 07 April 2016
      • Effective Date
      • 01 August 2016

    • DATE:            April 7, 2016

      MKR#:           04-07-16

      SUBJECT:     Storage and Handling Rate Changes for Southwest Commodity Warehouse, LLC

       

      Southwest Commodity Warehouse, LLC, a COMEX Warehouse for the storage and delivery of copper deliverable against the Exchange’s Copper futures contract, will implement new rates in connection with the storage and withdrawal of copper at its facility located in Tucson, AZ. The new rates, presented below, reflect the maximum amount of fees that can be charged.

      In accordance with Exchange rules, the new rate schedule will become effective on August 1, 2016.

       

                                                  New Storage Rates

                                     RATES AND CHARGES FOR COPPER

      Monthly Storage Charge per short ton

      $9.25

      Handling Inbound per short ton

      $0.00

      Handling Outbound per short ton

      $33.00

      Bill of Lading

      $5.00

      Preparation of Warehouse Receipt

      $0.00

      Replacement of Warehouse Receipt

      $5.00

      Insurance Premiums

      $0.00

      Blocking and Bracing per short ton (Vans)

      $5.00

      Blocking and Bracing per short ton (Rail Cars)

      $4.00

      Side Loading per short ton (Flatbeds)

      $2.50

      Cancellation Charge per shipment cancelled

      $100.00

      Additional Labor Rate per man hour

      $20.00

       

      The Commodity Futures Trading Commission (CFTC) will be notified of the rate changes during the week of August 8, 2016 via the weekly notification procedures set out in Part 40 of the CFTC Regulations.

       

      Please refer questions on this subject to:

      Market Surveillance

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

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