|Contract Unit||1,000 barrels|
|Price Quotation||U.S. dollars and cents per barrel|
|Trading Hours||Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET)|
|Minimum Price Fluctuation||0.01 per barrel = $10.00|
|Product Code||CME Globex: HCLCME ClearPort: HCLClearing: HCL|
|Listed Contracts||Monthly contracts listed for the current year and the next 3 calendar years plus 2 months. List monthly contracts for a new calendar year plus 2 months following the termination of trading in the December contract of the current year.|
|Termination Of Trading||Trading terminates 3 business days prior to the 25th calendar day of the month prior to the contract month. If the 25th calendar day is not a business day, trading terminates 4 business days prior 25th calendar day of the month prior to the contract month.|
|Position Limits||NYMEX Position Limits|
|Exchange Rulebook||NYMEX 201|
|Block Minimum||Block Minimum Thresholds|
|Price Limit Or Circuit||Price Limits|
|Vendor Codes||Quote Vendor Symbols Listing|
|Delivery Procedure||Delivery shall be made free-on-board (“F.O.B.”) at Enterprise Crude Pipeline LLC’s (“ECPL”) ECHO crude oil terminal (“ECHO”) or ECPL’s Genoa Junction crude oil terminal (“Genoa Junction”) or Enterprise Houston Ship Channel LLC’s marine terminal (“EHSC”) or ECPL’s Moore Road terminal (“Moore Road”) in the Houston, Texas area. Delivery shall be made in accordance with all applicable Federal executive orders and all applicable Federal, State and local laws and regulations. The seller shall provide crude oil which is free from all liens, encumbrances, unpaid taxes, fees and other charges.
For the purposes of this rule, the term F.O.B. shall mean a delivery in which the seller: (1) provides WTI type light sweet crude oil at ECHO, Genoa Junction, Moore Road, or EHSC at the point of connection between seller’s incoming and buyer’s outgoing pipeline or storage facility; and (2) seller retains title to, and bears the risk of loss for the crude oil to the point of delivery. Delivery at ECHO will be delivered at par to the final settlement price. Buyers that nominate to take delivery at EHSC or Genoa Junction or Moore Road shall be subject to a service fee as administered by Enterprise.
The buyer and seller shall nominate one of four Enterprise facilities for receipt of crude oil and such delivery shall be made by any of the following methods: (1) by interfacility transfer ("pumpover") into one of the four designated Enterprise facilities; (2) by in-line (or in-system) transfer, or book-out of title to the buyer; or (3) if the seller agrees to such transfer and if the facility used by the seller allows for such transfer, without physical movement of product, by in-tank transfer of title to the buyer. Buyer retains title to, and bears the risk of loss for the crude oil at and from the point of delivery.
Buyers and sellers that take or make delivery at ECHO will be subject to no additional service fee by Enterprise. Buyers that take delivery at EHSC or Genoa Junction or Moore Road will be subject to an additional service fee by Enterprise, payable by the buyer.
|Grade And Quality||Please see rulebook chapter 201|