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| Trading Unit |
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| 100 metric tons |
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| Price Quotation |
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| U.S. dollars and cents per metric ton |
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| Minimum Price Fluctuation |
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| $0.01 per metric ton |
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| Trading Hours (All times are New York time) |
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| The contract is available for trading on the CME Globex® trading platform from 6:00 PM Sundays through 5:15 PM Fridays, with a 45-minute break each day between 5:15 PM and 6:00 PM. Off Exchange transactions can be submitted solely for clearing to the NYMEX ClearPort® clearing website as an exchange of futures for swaps (EFS) or exchange of futures for physicals (EFP) transaction until 5:15 PM, Monday through Friday, and the day preceding a holiday. |
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| Trading Months |
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| 36 consecutive months |
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| Last Trading Day |
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| Trading terminates at the close of business on the fifth-to-last Singapore business day prior to the start of the delivery month. |
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| Settlement Type |
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| Physical |
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| Delivery |
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Complete delivery rules and provisions are detailed in Chapter 675 of the Exchange Rulebook.
Delivery under the contract shall be made F.O.B. at the seller's ex-shore facility in Singapore. Delivery will be in accordance with Paragraph C of Exchange Rulebook Chapter 675, rule 675.07, "Singapore 380 cst Fuel Oil Forward Contract." At Buyer's option, such delivery shall be made by any of the following methods:
(1) by delivery into Buyer's Customer's barge or tanker;
(2) by stock transfer of title to the Buyer's Customer in the same tank in the same facility, if the Seller's Customer's facility allows such transfer;
(3) by book transfer if the Seller's Customer agrees;
(4) by intra-facility transfer ("pump-over") between tanks in the same facility, if Seller's Customer's facility allows such transfer;
(5) by inter-facility pumpover for transfer from tanks in one facility to tanks in another facility, if both Buyer's Customer's facility and Seller's Customer's facility allow such transfer. |
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| Grade and Quality |
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METHOD |
GUARANTEED |
| Sulfur, wt pct |
ASTM D4294 |
MAX 4.0 |
| Kinematic Viscosity At 50 Deg C, Cst |
ASTM D445 |
MAX 380 |
| Specific Gravity at 15 deg C kg/l Max |
ASTM D1298 |
MAX 0.991 |
| Flash point, deg c |
ASTM D93 |
MIN 66 |
| Pour Point, Deg C |
ASTM D97 |
MAX 24 |
| Ash, Wt Pct |
ASTM D482 |
MAX 0.10 |
| Conradson Carbon Residue, Wt Pct |
ASTM D189 |
MAX 18 |
| Vanadium, parts per million (ppm) |
IP 377 |
MAX 200 |
| Sodium, parts per million (ppm) |
IP 377 |
MAX 100 |
| Aluminium plus Silicone, ppm |
IP 377 |
MAX 80 |
| Water by distillation volume, vol pct. |
ASTM D95 |
MAX 0.50% |
| Sediment by extraction, wt pct. |
IP 390A |
MAX 0.10% |
| Total existent sediment |
IP 390A |
MAX 0.10% |
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| Margin Requirements |
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| Margins are required for open futures positions. |
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| Trading Symbol |
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| HZ |
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