ICE LPG (BLGP) FFA Middle East Gulf to East 44,000Mts (Baltic) Future

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A monthly cash settled freight future based on the Baltic Exchange index (BLGP) for LPG[1]

Contract Specs

LPG (BLGP) FFA Middle East Gulf to East 44,000Mts (Baltic) Future
Trading Screen Product Name Freight Futures (USD)
Trading Screen Hub Name LGP (BLPG)
Contract Symbol WAT
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 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 Last Trading Day of the contract month.

Note: the December future will expire on the 24th of December or the previous business day where the 24th of December is a non-working day.

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 as made public by the Baltic Exchange for the relevant route for each business day (as specified below) in the determination period.
Contract Series Up to 48 consecutive months
Final Payment Date Two Clearing House Business Days following the Last Trading Day
Business Days Publication days for Baltic Exchange
MIC Code IFEU
Clearing Venues ICEU
Codes Clearing Admin Name Wet Freight
Physical WAT
Logical WAT
GMI (FC)  :A
ION A.C.N. None

Notes

References

  1. LPG (BLGP) FFA Middle East Gulf to East 44,000Mts (Baltic) Future. ICE.

Resources

LPG (BLGP) FFA Middle East Gulf to East 44,000Mts (Baltic) Future Contract Specs