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USGC Marine Fuel 0.5% Barges (Platts) vs. Gulf Coast HSFO (Platts) Futures Contract Specs

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: H5G
CME ClearPort: H5G
Clearing: H5G
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 $/barrel quotations from the Platts Oilgram Price Report under the heading “Marine fuel” for “0.5% FOB US Gulf Coast barge” minus the arithmetic average of the high and low quotations from the Platts Oilgram Price Report under the heading “U.S. Gulf Coast” for “USGC HSFO” for each business day during the contract month. 
Termination Of Trading Trading terminates on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1422
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing