IMAREX and NOS launch US Gulf Bunker contract
[First published: Tuesday 30 May 2006 1:01:17 pm]IMAREX and NOS are pleased to announce that clearing is now available for bunker fuel oil futures on the “US Gulf Coast No. 6 3.0% Sulphur FOB (Waterborne)”.
Clearing will be available to all members from 1st June 2006.
IMAREX and NOS have developed this product in order to offer a wider service to members, and will continue to offer an ever widening range of products to the market.
NOS will clear the Futures according to Appendix 5 of the NOS / IMAREX Rulebook.
The updated Rulebook and Notice with the amendments to the Rulebook related to introduction of bunker fuel oil futures are available at:
Please note: Members trading Tanker and Dry futures only, will not be affected by the changes to the Rulebook.
Contract specification:
|
Ticker |
Full name |
Lot size |
Settlement Index |
Settlement period |
|
USG30FO |
Fuel Oil US Gulf Coast No.6 3.0% Sulphur FOB (Waterborne) |
1000 bbl (barrels) |
Platts, US Marketscan |
Average of all Plats index days |
For full product specification please see the amended Appendix 5
To trade this contract please contact:
Oslo:
- Gunnar Lindqvist tel: +47 2389 4234
- Bjørn Strømsnes tel: +47 2389 4235
- Christian F. Knudsen: tel: +47 2389 4236
Singapore:
- Yvonne Twiss: tel: +65 6826 0068
- Renee Toh: tel: +65 6826 0055
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