DATE: April 28, 2014
MKR#: 04-28-14
SUBJECT: REGULARITY APPROVAL FOR ALUMINUM
In connection with the listing of the physically delivered Aluminum futures contract on trade date May 6, 2014, the Commodity Exchange, Inc. (“COMEX” or “Exchange”) approved the application of C. Steinweg (Baltimore) Inc. for regularity for the storage of aluminum deliverable against the COMEX Aluminum futures contract at their location in Baltimore, MD.
The approved cumulative indoor and outdoor capacity at this facility is 20,284 metric tons.
The primary conveyance designated by the Exchange shall be truck. Primary conveyance shall be subject to the minimum guaranteed daily load out rate as prescribed in NYMEX Chapter 7, Rule 703.C.3.b., contingent on any pending conveyance orders submitted prior to the primary conveyance order.
The alternate conveyance designated by the Exchange shall be rail. The minimum guaranteed daily load out rate for this conveyance shall be 500 metric tons which shall be published in the Interpretations & Special Notices Related to Chapter 7. In electing an alternate conveyance, the minimum guaranteed daily load out rate for the alternate conveyance shall apply absent any pending conveyance orders submitted prior to the alternate conveyance order.
At all times, the regular facility shall be required to meet a cumulative minimum guaranteed daily load out rate as prescribed in NYMEX Chapter 7, Rule 703.C.3.b. for all pending load out orders, on a first come first served basis.
The storage and handling charges are as follows:
Inbound Handling per Metric Ton: |
see note 1 |
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Outbound Handling: |
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to truck per metric ton |
$38.00 |
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to railcar per metric ton |
$45.50 |
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Storage: |
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Inside per metric ton per month or part thereof |
$12.50 |
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Outside per metric ton per month or part thereof |
$6.50 |
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Weighing Charge per metric ton: |
$7.50 |
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Facility Receipt: |
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Issue |
$75.00 |
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Replacement |
$75.00 |
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Bill of Lading: |
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per truck |
$15.00 |
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per railcar |
$15.00 |
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Blocking and Bracing: |
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Truck per metric ton |
$3.75 |
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Rail per metric ton |
$3.75 |
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Additional Labor per man hour (1 hour minimum): |
$75.00 |
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Maximum Charge (s): |
see note 2 |
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Note 1: Inbound handling from truck, container, rail car or vessel to be billed to cargo interest separately |
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Note 2: Maximum Charge(s) not applicable. All charges rendered pro-rata per the 'Unit of Charge' described above |
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The Commodity Futures Trading Commission (CFTC) will be notified of this approval during the week of May 5, 2014 via the weekly notification procedures set out in Part 40 of the CFTC Regulations.
Please refer questions on this subject to:
Market Surveillance
Terry Gehring Terry.Gehring@cmegroup.com (312) 435-3644