View source for ICE Dirty FFA - USGC to UK Continent (Platts) Balmo Future

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A balance of the month monthly cash settled freight future based on the Platts daily assessment price for USGC to UK Continent.<ref>{{cite web|url=https://www.theice.com/products/72486133/Dirty-FFA-USGC-to-UK-Continent-Platts-Balmo-Future|name=Dirty FFA - USGC to UK Continent (Platts) Balmo Future|org=ICE|date=April 7th, 2021}}</ref>

== Contract Specs ==
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{| class="wikitable"
|-
! colspan="4" style="font-weight:bold;" | Dirty FFA - USGC to UK Continent (Platts) Balmo Future
|-
| style="font-weight:bold;" | Trading Screen Product Name
| colspan="3" | Freight Futures (USD) (balmo)
|-
| style="font-weight:bold;" | Trading Screen Hub Name
| colspan="3" | USGC-UK Continent (Dirty)
|-
| style="font-weight:bold;" | Contract Symbol
| colspan="3" | DUR
|-
| style="font-weight:bold;" | Contract Size
| colspan="3" | 1,000 metric tonnes
|-
| style="font-weight:bold;" | Unit of Trading
| colspan="3" | Any multiple of 1,000 metric tonnes
|-
| style="font-weight:bold;" | Currency
| colspan="3" | US Dollars and cents
|-
| style="font-weight:bold;" | Trading Price Quotation
| colspan="3" | One tenth of one cent ($0.001) per metric tonne
|-
| style="font-weight:bold;" | Settlement Price Quotation
| colspan="3" | One hundredth of one cent ($0.0001) per metric tonne
|-
| style="font-weight:bold;" | Minimum Price Fluctuation
| colspan="3" | One hundredth of one cent ($0.0001) per metric tonne
|-
| style="font-weight:bold;" | Last Trading Day
| colspan="3" | Last Trading Day of the contract month.
|-
| style="font-weight:bold;" | Floating Price
| colspan="3" | In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
|-
| style="font-weight:bold;" | Final Settlement
| colspan="3" | In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the average of the assessments appearing in the “Platts Dirty Tankerwire” under the heading “Americas Dirty Tankers”, subheading “Aframax” and “$/mt” for the USGC to UK Continent route for each business day (as specified below) in the determination period.
|-
| style="font-weight:bold;" | Contract Series
| colspan="3" | Up to 2 consecutive months
|-
| style="font-weight:bold;" | Final Payment Date
| colspan="3" | Two Clearing House Business Days following the Last Trading Day
|-
| style="font-weight:bold;" | Business Days
| colspan="3" | Publication days for Platts Dirty Tankerwire
|-
| style="font-weight:bold;" | MIC Code
| colspan="3" | IFEU
|-
| style="font-weight:bold;" | Clearing Venues
| colspan="3" | ICEU
|- style="font-weight:bold;"
| rowspan="5" | Trading Hours
| CITY
| TRADING
| PRE-OPEN
|-
| NEW YORK
| 7:50 PM - 5:00 PM*
19:50 - 17:00
| 7:40 PM
19:40
|-
| LONDON
| 12:50 AM - 10:00 PM*
00:50 - 22:00
| 12:40 AM
00:40
|-
| SINGAPORE
| 7:50 AM - 5:00 AM*
07:50 - 05:00
| 7:40 AM
07:40
|-
| colspan="3" | *Next Day
|-
| style="font-weight:bold;" rowspan="5" | Codes
| style="font-weight:bold;" | Clearing Admin Name
| colspan="2" style="font-weight:normal;" | Wet Freight
|-
| style="font-weight:bold;" | Physical
| colspan="2" | DUR
|-
| style="font-weight:bold;" | Logical
| colspan="2" | DUR
|-
| style="font-weight:bold;" | GMI (FC)
| colspan="2" | P5
|-
| style="font-weight:bold;" | ION A.C.N.
| colspan="2" | None
|}
== Notes ==
== References ==
<references />

== Resources ==
[https://www.theice.com/products/72486133/Dirty-FFA-USGC-to-UK-Continent-Platts-Balmo-Future Dirty FFA - USGC to UK Continent (Platts) Balmo Future Contract Specs]

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