DATE: July 13, 2015
MKR#: 07-13-15C
SUBJECT: REGULARITY APPROVAL FOR ALUMINUM
The Commodity Exchange, Inc. (“COMEX” or “Exchange”) has received and approved the application of Worldwide Warehouse Solutions LLC for regularity for the storage of aluminum deliverable against the COMEX Aluminum futures contract at their location in Chicago, IL.
The approved cumulative indoor and outdoor capacity at this location is 60,000 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 600 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:
Storage – Indoor per metric ton per month |
$12.50 |
Storage – Outdoor per metric ton per month |
$9.00 |
Inbound Handling per metric ton |
See note 1 |
Outbound Handling to truck per metric ton |
$39.00 |
Outbound Handling to rail per metric ton |
$45.50 |
Weighing Charge per metric ton |
$7.50 |
Facility Receipt (Issue & Replacement) |
$75.00 |
Bill of Lading per truck |
$20.00 |
Blocking and Bracing per metric ton per truck |
$4.50 |
Additional Labor per man hour (1 hour minimum) |
$75.00 |
Note 1: Inbound handling to be billed to cargo owner |
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The Commodity Futures Trading Commission (CFTC) will be notified of this approval during the week of July 20, 2015 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