• Regularity Approval for Aluminum

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

    • DATE:            February 14, 2019

      MKR#:           02-14-19C

      SUBJECT:     Regularity Approval for Aluminum

       

      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 aluminum deliverable against the COMEX Aluminum futures contract at their location in Port Klang, Malaysia.

      The approved cumulative indoor and outdoor capacity at this warehouse is 17,750 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 Access World Logistics (Singapore) Pte Ltd for aluminum are as follows:

      Storage (Indoor) Charge per metric ton per month

      $15.50

      Storage (Outdoor) Charge per metric ton per month

      $10.00

      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 (per truck)

      $25.00

      Bundle Weight Packing List per receipt

      $60.00

       

      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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