- Trading Screen Product Name
- Platts FO
- Trading Screen Hub Name
- 1% FOB Rdam Bg/1% FOB NWE Cg
- Rule Number
13151
- Contract Symbol
FBC
- 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 Barges" subheading "FOB Rotterdam" 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 cargoes" subheading "FOB NWE" for "Fuel oil 1.0%" for each
business day (as specified below) in the determination period.
- Contract Series
Up to 60 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