• Regularity Approval for Aluminum

      • From
      • Registrar's Office
      • #
      • MKR02-14-19B
      • Notice Date
      • 14 February 2019
      • Effective Date
      • 14 February 2019

    • DATE:            February 14, 2019

      MKR#:           02-14-19B

      SUBJECT:     Regularity Approval for Aluminum

       

      The Commodity Exchange, Inc. (“COMEX” or “Exchange”) has received and approved the application of C. Steinweg – Handelsveem B.V. for regularity for the storage of aluminum deliverable against the COMEX Aluminum futures contract at their location in Singapore, Republic of Singapore (Unit W8B).

      The approved cumulative indoor and outdoor capacity at this warehouse is 3,000 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 COMEX Chapter 7, Rule 703.B.3.b., contingent on any pending conveyance orders submitted prior to the primary conveyance order.

      At all times, the regular warehouse shall be required to meet a cumulative minimum guaranteed daily load out rate as prescribed in COMEX 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 C. Steinweg – Handelsveem B.V. for aluminum are as follows:

      Inbound handling per metric ton

      See note 1

      Storage (indoor) per metric ton per month or part thereof

      $13.00

      Storage (outdoor) per metric ton per month or part thereof

      $7.50

      Outbound handling to truck per metric ton

      $33.00

      Weighing charges per metric ton

      $8.00

      Facility Receipt (Issue and Replacement) each

      $50.00

      Bundle Weight Packing List per receipt

      $75.00

      Metal Re-warranting per metric ton

      $10.00

      Additional labor per man hour (1 hour minimum)

      $85.00

      Maximum Charge(s)

      See note 2

      Note 1: Inbound handling from truck, container, rail car or vessel to be billed to cargo interest separately.

      Note 2: Maximum charge(s) not applicable. All charges rendered pro-rate per the “Unit of charge” described above.

       

      Please refer questions on this subject to:

      Market Surveillance:

      Spencer McGowan                                spencer.mcgowan@cmegroup.com                 (312) 435-3644

       

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

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