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| Company Circular No: | LCH.Clearnet Ltd Circular No 3159 |
| Service Circular No: | LCH EnClear No 358 |
| Date: | 19 June 2012 |
| To: | All LCH.Clearnet EnClear Clearing Members |
Extension of the Cape and Panamax Timecharter contracts (CTC and PTC)
LCH.Clearnet Limited has extended the Cape and Panamax Timecharter contracts (CTC and PTC) to 7 whole calendar years, clearing out to the end of calendar 2019. STC and HTC will remain at 5 whole calendar years.
The extension will be in place from Wednesday 20 June 2012.
| Description | Cash settled freight forward contracts on the following Dry Timecharter Basket Routes:
CTC (Capesize TC Avg 4 routes) PTC (Panamax TC Avg 4 routes) STC (Supramax TC Avg 6 routes) HTC (Handysize TC Avg 6 routes) |
| Contract series | CTC, PTC - Traded as months, quarters and calendars, out to 7 whole calendar years (a maximum of 95 months)
STC, HTC - Traded as months, quarters and calendars, out to 5 whole calendar years (a maximum of 71 months) |
Full contract specifications are available on our website at: http://www.lchclearnet.com/freight/ffas/products.asp
If you have any questions, please do not hesitate to contact Isabella Kurek-Smith on +44 20 7426 7460 or [email protected] or Caroline Jacob on +44 20 7426 6311 or [email protected]
Isabella Kurek-Smith
Director, Head of Energy and Freight Markets