Notice to Members

Notice No. 204
05/13/2005

Fee Structure for Three New Freight Swaps Contracts on NYMEX ClearPort(sm)

The New York Mercantile Exchange, Inc. will launch three freight swaps contracts for trading and/or clearing on the NYMEX ClearPortsm Trading (CPT) and Clearing systems (CPC) starting on Sunday evening, May 15, 2005 (for trade date starting Monday, May 16). These new contracts will be cash-settled based on 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

Fees
The fees (per side) for these new 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