- Trading Screen Product Name
- Platts FO (balmo)
- Trading Screen Hub Name
- 1% FOB NWE Cg/3.5% FOB Rdam Bg
- Rule Number
1380
- Contract Symbol
FOT
- Contract Size
1,000 metric tonnes
- Unit of Trading
Any multiple of 1,000 metric tonnes
- Currency
US Dollars and cents
- Trading Price Quotation
One cent ($0.01) per metric tonne
- Last Trading Day
Last Trading Day of the contract month
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in USD and cents per metric tonne based on the difference between
the average of the mean of the high and low quotations appearing in
the "Platts European Marketscan" under the heading "Northwest
Europe cargoes" subheading "FOB NWE" for "Fuel oil 1.0%" and the
average of the mean of the high and low quotations appearing in the
"Platts European Marketscan" under the heading "Northwest Europe
barges" subheading "FOB Rotterdam" for "Fuel Oil 3.5%" for each
business day (as specified below) in the determination period.
- Contract Series
Up to 2 consecutive months, or as otherwise determined by the SEF
- Final Payment Date
Five (5) New York Business Days after each settlement date via wire transfer of Federal funds
- Business Days
Publication days for Platts European Marketscan
- Other Terms
To be confirmed directly between the parties in their full form of contract. The terms reflected in such contracts shall be controlling.
- MIC Code
- ICES
- Clearing Venues
- Bilateral