ICE Futures Europe

Dirty FFA - USGC to UK Continent (Platts) Mini Future

Dirty FFA - USGC to UK Continent (Platts) Mini Future72486135


A daily cash settled mini freight future based on the Platts daily assessment price for USGC to UK Continent.

Market Specifications

Trading Screen Product Name
Freight Daily Futures (USD)
Trading Screen Hub Name
USGC-UK Continent (Dirty) Mini
Commodity Code
Contract Size
100 metric tonnes
Unit of Trading
Any multiple of 100 metric tonnes
US Dollars and cents
Trading Price Quotation
One tenth of one cent ($0.001) per metric tonne
Settlement Price Quotation
One hundredth of one cent ($0.0001) per metric tonne
Minimum Price Fluctuation
One hundredth of one cent ($0.0001) per metric tonne
Last Trading Day
Second Business Day after the nominal contract date.
Floating Price
In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
Final Settlement
In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the average of the assessments appearing in the “Platts Dirty Tankerwire” under the heading “Americas Dirty Tankers”, subheading “Aframax” and “$/mt” for the USGC to UK Continent route for each business day (as specified below) in the determination period.
Contract Series
Up to 130 consecutive business days
Final Payment Date
Two Clearing House Business Days following the Last Trading Day
Business Days
Publication days for Platts Dirty Tankerwire
MIC Code
Clearing Venues

Trading Hours

New York7:50 PM - 5:00 PM*
19:50 - 17:00
7:40 PM
London12:50 AM - 10:00 PM*
00:50 - 22:00
12:40 AM
Singapore8:50 AM - 6:00 AM*
08:50 - 06:00
8:40 AM

*Next Day

Sunday Pre-Open 5:40 PM ET; Closed on Saturday


Clearing Admin Name
Wet Freight
R&N A.C.N.