• REGULARITY APPROVAL FOR ALUMINUM

      • From
      • Registrar's Office
      • #
      • MKR10-08-14
      • Notice Date
      • 08 October 2014
      • Effective Date
      • 08 October 2014

    • DATE:            October 8, 2014

      MKR#:           10-08-14

      SUBJECT:   REGULARITY APPROVAL FOR ALUMINUM

       

      The Commodity Exchange, Inc. (“COMEX” or “Exchange”) has received and approved the application of Kodiak Warehouse, LLC for regularity for the storage of aluminum deliverable against the COMEX Aluminum futures contract at their facility in Toledo, OH.  

      The approved cumulative indoor and outdoor capacity at this facility is 200,000 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 700 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 charge per metric ton per month indoors

      $10.50

      Storage charge per metric ton per month outdoors

      $7.00

      Outbound Handling per Metric Ton (Rail):

      $39.00

      Outbound Handling per Metric Ton (Truck):

      $39.00

      Blocking and Bracing (per rail car) (See Note 1)

      $125.00

      Issuance of warehouse receipt

      $12.00

      Replacement of Facility Receipt

      $50.00

      Issuance of Bill of Lading

      $8.00

      Labor Rate per Hour

      $50.00

      Overtime rates is 1.5 times regularly hourly rate

       

      Note 1:  This does not include dunnage cost. Additional requirements by customer or railroad may incur additional fees. 

       

       

      The Commodity Futures Trading Commission (CFTC) will be notified of this approval during the week of October 13, 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

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