Notice to Members
Notice No. 431 11/14/2003
Listing Additional Months in Gasoline; Amendment to Gasoline Delivery Rules
The Exchange will list three additional months for July through September 2004 in the New York Harbor Unleaded Gasoline Contract, beginning with the ACCESS® session on Sunday, November 16, 2003 (for trade date Monday, November 17). Thereafter, the Exchange will add one month on a rolling basis. The corresponding months of gasoline options contracts will be listed for trading on Tuesday, November 18, 2003. In addition, the Exchange has approved the following rule amendments to allow delivery of gasoline to occur at all New York Harbor terminals: Rule Amendments (Strikethrough indicates a deletion) Rule 190.04 Delivery (A) Delivery shall be made F.O.B. seller's New York Harbor ex-shore facility with all duties, entitlements, taxes, fees and other charges imposed prior to or as a result of delivery paid by the seller. Delivery shall be made in accordance with applicable Federal, State and local laws. Delivery shall comply with all State laws related to oxygen content. In the event that New York's oxygen requirements are different from the New Jersey standards, gasoline deliveries shall take place only at New Jersey delivery sites. Buyer shall reimburse seller for any gasoline tax as had been or will be paid by the seller. At buyer's option, such delivery shall be made by any of the following methods: (1) By delivery into buyer's barge; (2) By delivery into buyer's tanker or pipeline, if buyer can take delivery in such manner at the facility used by seller; (3) By stock transfer of title to the buyer, if the facility used by seller allows such transfer; (4) By book transfer if the seller agrees to such transfer; (5) By intra-facility transfer ("pump-over"), if the facility used by seller allows such transfer; (6) By inter-facility transfer ("pump-over"), if the facilities used by seller and buyer both allow such transfer. The remaining subsections (B) through (E) remain unchanged.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com