|Contract Unit||1,000 metric tons|
|Price Quotation||U.S. dollars and cents per metric ton|
|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||0.0001 per metric ton = $0.10|
|Product Code||CME Globex: THBCME ClearPort: THBClearing: THB|
|Listed Contracts||Daily contracts listed for the current month and the next 2 calendar months.|
|Settlement Method||Financially Settled|
|Floating Price||The Floating Price for each contract month is equal to the balance of month arithmetic average of the freight rate published each day during the Settlement Period by Platts in Clean Tankerwire report for Arab Gulf to Japan for cargoes of 55,000 metric tons valued in Worldscale points, starting from the selected start date through the end of the Settlement Period, multiplied by the applicable Worldscale flat rate for the TC5 route (as defined by Baltic Exchange).
The Floating Price is determined by multiplying each daily freight rate by the applicable Worldscale flat rate (for that day), and subsequently calculating the balance of month average for the Settlement Period.
|Termination Of Trading||Trading terminates on the last business day of the contract month.|
|Position Limits||NYMEX Position Limits|
|Exchange Rulebook||NYMEX 879|
|Block Minimum||Block Minimum Thresholds|
|Vendor Codes||Quote Vendor Symbols Listing|