• Regularity Approval for Lead and Zinc

      • From
      • Registrar's Office
      • #
      • MKR02-11-19C
      • Notice Date
      • 11 February 2019
      • Effective Date
      • 11 February 2019
    • DATE:            February 11, 2019

      MKR#:           02-11-19C

      SUBJECT:     Regularity Approval for Lead and Zinc

      The Commodity Exchange, Inc. (“COMEX” or “Exchange”) has received and approved the application of Access World Logistics (Singapore) Pte Ltd for regularity for the storage of lead and zinc deliverable against the COMEX Lead and COMEX Zinc futures contracts at their warehouse in Port Klang, Malaysia.

      The approved capacity at this facility is 15,000 metric tons for both lead and zinc.

      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.

      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.

      The storage and handling charges are as follows:

      Storage (Indoor) Charge per metric ton per month

      $15.50

      Inbound Handling per metric ton

      Inbound Handling to be billed to cargo owner

      Outbound Handling per metric ton

      $40.00

      Weighing Charge per metric ton

      $7.00

      Labor Rate (Overtime) per hour

      $70.00

      Facility Receipt (Issue and Replacement)

      $60.00

      Issuance of Bill of Lading

      $25.00

      Bundle Weight Packing List per receipt

      $60.00

      The Commodity Futures Trading Commission (CFTC) will be notified of this approval during the week of February 18, 2019 via the weekly notification procedures set out in Part 40 of the CFTC Regulations.

      Please refer questions on this subject to:

      Market Surveillance:

      Spencer McGowan                    spencer.mcgowan@cmegroup.com                    (312) 435-3662