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LNG Freight Route BLNG2 (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: BF2
CME ClearPort: BF2
Clearing: BF2
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 BLNG2 freight route (i.e. Sabine to UK Cont R.V) for cargoes of 160,000 cubic metres, or as subsequently amended) published by the Baltic Exchange for each day that is published during the Settlement Period.
Termination Of Trading For January to November contract months: Trading terminates on the last day of the settlement period, on which the Index is published by the Baltic Exchange.

For the December contract month: Trading terminates on the 24th calendar day of the month that this is a day on which the Index is published by the Baltic Exchange, or the first preceding day where the Index price is published.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 708
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing