DATE: July 30, 2015
MKR#: 07-30-15
SUBJECT: Storage and Handling Rate Changes for Southwest Commodity Warehouses, Inc.
Southwest Commodity Warehouses, Inc., a COMEX Warehouse for the storage and delivery of copper deliverable against the Exchange’s Copper futures contract, will implement new rates in connection with the storage and withdrawal of copper at its facilities located in Tucson, AZ. The new rates, presented below, reflect the maximum amount of fees that can be charged.
In accordance with Exchange rules, the new rate schedule will become effective on November 1, 2015.
New Storage Rates
RATES AND CHARGES FOR COPPER
Monthly Storage Charge per short ton |
$8.00 |
Handling Inbound per short ton |
$0.00 |
Handling Outbound per short ton |
$30.00 |
Loading per short ton (Flatbeds) |
$2.50 |
Bill of Lading |
$5.00 |
Issuance of Original Warehouse Receipt |
$0.00 |
Replacement of Warehouse Receipt per receipt |
$5.00 |
Minimum Storage Charge per month for less than one lot |
$0.00 |
Insurance Premiums |
$0.00 |
Side Loading/Bracing per short ton (Flatbeds) |
$0.00 |
Blocking/Bracing per short ton (Rail Cars) |
$4.00 |
Blocking/Bracing per short ton (Vans) |
$5.00 |
Cancellation Charge per shipment cancelled |
$100.00 |
Additional Labor Rate per man hour |
$20.00 |
Weighing per short ton (upon request) |
$0.00 |
The Commodity Futures Trading Commission (CFTC) will be notified of the rate changes during the week of November 2, 2015 via the weekly notification procedures set out in Part 40 of the CFTC Regulations.
Please refer questions on this subject to:
Market Surveillance
Marc Naimoli Marc.Naimoli @cmegroup.com (312) 341-7051