• Regularity Approval for Lead and Zinc

      • From
      • Registrar's Office
      • #
      • MKR10-14-19B
      • Notice Date
      • 14 October 2019
      • Effective Date
      • 14 October 2019
    • DATE:                    October 14, 2019

      MKR#:                    10-14-19B

      SUBJECT:              Regularity Approval for Lead and Zinc

       

      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 lead and zinc deliverable against the respective COMEX Lead and Zinc futures contracts at their location in Singapore, Republic of Singapore (Unit W8B).

      The approved capacity for lead and zinc at this location 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 NYMEX 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 facility 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, 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 lead and zinc are as follows:

      Monthly storage charge per metric ton

      $15.50

      Minimum storage charge per month for less than one lot (partial lots)

      $115.00

      Inbound handling per metric ton (truck & rail)

      Inbound handling to be billed to cargo owner

      Outbound handling per metric ton (FOT)

      $50.00

      Outbound handling per metric ton (FOR)

       

      Outbound handling to container per metric ton (FIC)

       

      Outbound handling to flatbed per metric ton (FIF)

       

      Weighing charges per metric ton

      $8.00

      Facility receipt (issue & replacement)

      $3.00 per metric ton (issue)

      $10.00 per metric ton (re-warrant)

      Bill of lading

      On Request

      Blocking and bracing per metric ton (truck)

       

      Blocking and bracing per metric ton (rail)

       

      Blocking and bracing per metric ton (container)

      On Request

      Additional labor per man hour

      $85.00

      Restocking fee per metric ton for cancelled/changed orders

      On Request

      Cancellation charge per shipment cancelled

      On Request

      The Commodity Futures Trading Commission (CFTC) will be notified of this approval during the week of October 21, 2019 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