Notice to Members
Notice No. 200
05/12/2005
Launch of Three Freight Swaps Contracts on NYMEX ClearPort(sm)
The New York Mercantile Exchange, Inc. will launch three freight swaps contracts on ClearPortsm starting on Sunday evening, May 15, 2005 (for trade date starting Monday, May 16). These new contracts will be cash-settled based on calendar-month averages for tanker routes assessed by Platts, as follows:

Code
Name
Route Description
TG
Freight Route TC1 Swap
75,000 metric tons (mt) - Arab Gulf to Japan - Clean Freight
TJ
Freight Route TC4 Swap
30,000 mt - Singapore to Japan - Clean Products Freight
TH
Freight Route TC5 Swap
55,000 mt - Arab Gulf to Japan - Clean Products Freight


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

These three new contracts will be available during the normal trading hours on NYMEX ClearPortsm 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 for these new contracts, including the final cash settlement fee, will be $5.00 per side for non-members, and $4.00 per side for members.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com