- Trading Screen Product Name
- Platts Marine Fuel
- Trading Screen Hub Name
- Marine 0.5% FOB Med Cg (Platts)/Marine 0.5% FOB Rdam Bg (Platts)
- Contract Symbol
MDK
- Contract Size
100 metric tonnes
- Unit of Trading
Any multiple of 100 metric tonnes
- Currency
US Dollars and cents
- Trading Price Quotation
One tenth of cent ($0.001) per metric tonne
- Last Trading Day
Last Trading Day of the contract month
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in USD and cents per metric tonne based on the average of the
“$/mt” quotations appearing in the “Platts
European Marketscan” under the heading “Marine
Fuel” for “0.5% FOB Mediterranean cargo” and the
average of “$/mt” quotations appearing in the
“Platts European Marketscan” under the heading
“Marine Fuel” for “0.5% FOB Rotterdam
barge” for each business day (as specified below) in the
determination period.
- Contract Series
Up to 2 consecutive monthly contracts, or as otherwise determined
by the Exchange.
- Final Payment Date
Five (5) New York Business Days after each settlement date via wire
transfer or 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