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LNG Freight Route BLNG1 (Baltic) Futures Contract Specs

Contract Unit 1 charter day
Price Quotation U.S. dollars and cents per charter day
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 1 charter day = $1.00
Product Code CME Globex: BF1
CME ClearPort: BF1
Clearing: BF1
Listed Contracts Monthly contracts listed for the current year and the next 2 calendar years. List monthly contracts for a new calendar year following the termination of trading in the November contract of the curent year.
Settlement Method Financially Settled
Floating Price The floating price for each contract month is equal to arithmetic average of the USD per day rate for the BLNG1 freight route (i.e. Gladstone to Tokyo R.V) for cargoes of 160,000 cubic meters, or as subsequently amended) published by the Baltic Exchange for each day that is published during the Settlement Period.
Termination Of Trading Jan - Nov: Trading terminates on the last day of the contract month, on which the Index is published by the Baltic Exchange.

Dec: Trading terminates on the 24th day of the contract month. If the Baltic Exchange does not publish the Index on the 24th, trading terminates on the prior publication date.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 707
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing