Under the new policy, the Exchange Licensed Warehouses for Copper may establish overtime charges for shipments of copper that occur outside the Warehouse’s normal business hours and charge the party shipping the outbound copper accordingly. Any such “overtime” scheduling and billing is contingent to customer’s agreement. The Warehouses may notify the Exchange of any changes in the overtime charges at any time and the revised overtime charges will become effective immediately. This policy will become effective on Monday, August 23, 2004.

Since the scheduling of shipments must be on a first come first served basis, the first market participant in the outbound shipping queue will be offered to schedule shipments during a second shift (overtime) first. If this is refused, the next outbound shipper in the queue will be offered the same proposal and so on throughout the entire shipping queue.

Any increases to the handling and storage charges for copper during normal business hours will continue to require, in accordance with Exchange policy, a ninety day notification period with the new charges effective on the first calendar day of the month following the ninety day notification period.