Notice to Members
Notice No. 297
07/21/2005
Listing of Two New Contracts: Freight Route TD9 Swap (Commodity Code TN); and Freight Route TD10D Swap (Commodity Code TO); on NYMEX ClearPort®
The New York Mercantile Exchange, Inc. will launch two additional freight swaps contracts on ClearPort® starting on the evening, July 24, 2005 (for trade date starting Monday, July 25). These new contracts will be cash-settled based on calendar-month averages for tanker routes assessed by the Baltic Exchange, as follows:

Code
Name
Route Description
TN
Freight Route TD9 Swap
70,000 metric tons (mt) - Caribbean to US Gulf - Crude Oil Freight
TO
Freight Route TD10D Swap
50,000 mt - Caribbean to US Atlantic Coast - Double Hull - Crude Oil Freight

These contracts are 1000 metric tons in size, and will be listed for 36 consecutive months forward, starting with the August 2005 contract month.

These two new contracts will be available during the normal trading hours on NYMEX ClearPort Trading and Clearing platform on Mondays through Thursdays from 3:15 PM to 2:30 PM the next day (New York time), and on Sundays from 7:00 PM to 2:30 PM Mondays (New York time).

The chapters setting forth the terms and condition product specification rules for the new futures contract is available in the Exchange's online rulebook. Margins and position limits will be announced in separate follow-up notices.

Fees
The fees (per side) for the freight swap futures contracts are as follows:
CPT Billing rates:
CPC Billing rates:
Cash Settlement fee:
Member
$4.00
Member
$4.00
Member
$4.00
Non-member
$5.00
Non-member
$5.00
Non-member
$5.00


Should you have any questions or require any further information, please contact exchangeinfo@nymex.com