09/07/2005
CORRECTION
This Exchange Notice to Members replaces Exchange Notice to Members 05-364 dated August 30, 2005.
The following new rates for the handling of copper have been submitted to the Exchange by Arizona Commodity Storage, Inc. and Utah Commodity Storage, Inc., COMEX Licensed Warehouses for the storage of copper deliverable against the COMEX Grade 1 Copper Futures Contract. These new rates will become effective on December 1, 2005.
RATES AND CHARGES FOR ALUMINUM
| Utah Commodity Storage, Inc. |
Effective: December 1, 2005 |
| Blocking/Bracing Vans per Short ton: | $4.00 |
| Blocking/Bracing Flatbeds per Short Ton: | $2.50 |
| Blocking/Bracing Rail Cars per Short Ton: | $4.00 |
| Arizona Commodity Storage, Inc. |
Effective: December
1, 2005 |
| Blocking/Bracing Vans per Short ton: | $3.75 |
| Blocking/Bracing Flatbeds per Short Ton: | $2.50 |
| Blocking/Bracing Rail Cars per Short Ton: | $4.00 |
The following previously published charges for the handling and storage of copper at both Arizona Commodity Storage, Inc. and Utah Commodity Storage, Inc. remain unchanged.
| Monthly Storage Charge per Short Ton: | $3.85 |
| Handling Inbound per Short Ton: | $0.00 |
| Handling Outbound per Short Ton: | $26.75 |
| Bill of Lading Preparation: | $7.00 |
| Issue of Original Warehouse Receipt: | $0.00 |
| Replacement of Warehouse Receipt: | $10.00 |
| Minimum Storage Charge per month for Less than One Lot: | $40.00 |
| Insurance Premiums: | $0.00 |
| Restocking Fees for Changed or Cancelled Shipping Orders | |
| Per short ton plus materials if required: | $2.50 |
The Handling Outbound charges detailed above were effective on March 1, 2003. Therefore, invoices prepared by COMEX Clearing for warrants issued prior to March 1, 2003 will not call for reimbursements for handling out charges based on this rate. Reimbursements for these warrants will be based on the old handling out rate because the warehouse was prepaid based on the old handling out rate. Though the warehouses have been prepaid the handling out charges based on the old rate, the party shipping the metal out on or after March 1, 2003 may owe the warehouses the difference between the old and new rates upon shipment, at the discretion of the warehouse. Clearing Members are advised to carefully review their warrant inventory and invoices received to ensure that reimbursement payments are not made for charges that have not actually been prepaid by the market short.