Explore the Archive

 
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. 

DescriptionCash 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 seriesCTC, 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