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| Trading Unit |
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| 1,000 metric tons |
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| Price Quotation |
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| U.S. dollars and cents per metric ton. The minimum price fluctuation is $0.01 per metric ton; there is no maximum price fluctuation. |
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| Trading Hours (All times are New York Time) |
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| The contract is available for trading on the NYMEX ClearPort® 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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| Listed Months |
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| 36 consecutive months. |
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| Termination of Trading |
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| Trading ceases on the last business day of the contract month. |
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| Settlement Type |
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Financial, based on the arithmetic average of the mid-point between the high and low quotations from Platts European Marketscan for Northwest Europe 1% fuel oil under the heading "Cargoes FOB NWE" for each business day that it is determined during the contract month.
"Platts®" is a trademark of The McGraw-Hill Companies, Inc., and has been licensed for use by the New York Mercantile Exchange, Inc. Platts does not sponsor, endorse, sell, or promote the contract and Platts makes no recommendations concerning the advisability of investing in the contract. |
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| Trading Symbol |
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| UF |
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