|Contract Unit||1000 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||0.001 per metric ton = $1.00|
|Product Code||CME Globex: R53CME ClearPort: R53Clearing: R53|
|Listed Contracts||Monthly contracts listed for the current year and next 3 calendar years. Add monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.|
|Settlement Method||Financially Settled|
|Floating Price||The Floating Price for each contract month is equal to the arithmetic average of the $/mt quotations from the Platts European Marketscan under the heading “Marine Fuel” for “0.5% FOB Rotterdam Barge” minus the arithmetic average of the high and low quotations from the Platts European Marketscan under the heading "Barges FOB Rotterdam" for "3.5% Fuel Oil" for each business day during the contract month.
The Floating Price is calculated using the non-common pricing convention. In calculating the spread differential, the monthly average for each component leg of the spread shall be calculated by using all trading days in the month for each component leg of the spread, followed by the calculation of the spread differential between the two averages.
|Termination Of Trading||Trading terminates on the last London business day of the contract month.|
|Position Limits||NYMEX Position Limits|
|Exchange Rulebook||NYMEX 1425|
|Block Minimum||Block Minimum Thresholds|
|Vendor Codes||Quote Vendor Symbols Listing|