ICE Dirty FFA - USGC China (Platts) Future

A monthly cash settled freight future based on the Platts daily assessment for USGC-China.
== Contract Specs ==
Dirty FFA - USGC China (Platts) Future	Dirty FFA - USGC China (Platts) Future 	Dirty FFA - USGC China (Platts) Future 	Dirty FFA - USGC China (Platts) Future
Trading Screen Product Name 	Freight Futures (USD) 	Freight Futures (USD) 	Freight Futures (USD)
Trading Screen Hub Name 	USGC-China (Dirty) 	USGC-China (Dirty) 	USGC-China (Dirty)
Contract Symbol 	WDD 	WDD 	WDD
Contract Size 	1,000 metric tonnes 	1,000 metric tonnes 	1,000 metric tonnes
Unit of Trading 	Any multiple of 1,000 metric tonnes 	Any multiple of 1,000 metric tonnes 	Any multiple of 1,000 metric tonnes
Currency 	US Dollars and cents 	US Dollars and cents 	US Dollars and cents
Trading Price Quotation 	One tenth of one cent ($0.001) per metric tonne 	One tenth of one cent ($0.001) per metric tonne 	One tenth of one cent ($0.001) per metric tonne
Settlement Price Quotation 	One hundredth of one cent ($0.0001) per metric tonne 	One hundredth of one cent ($0.0001) per metric tonne 	One hundredth of one cent ($0.0001) per metric tonne
Minimum Price Fluctuation 	One hundredth of one cent ($0.0001) per metric tonne 	One hundredth of one cent ($0.0001) per metric tonne 	One hundredth of one cent ($0.0001) per metric tonne
Last Trading Day 	Last Trading Day of the contract month. 	Last Trading Day of the contract month. 	Last Trading Day of the contract month.
Floating Price 	In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products. 	In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products. 	In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
Final Settlement 	In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the average of the assessments appearing in the “Platts Dirty Tankerwire” under the heading “Americas Dirty Tankers”, subheading “VLCC” and “$/mt” for the USGC to China route for each business day (as specified below) in the determination period.	In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the average of the assessments appearing in the “Platts Dirty Tankerwire” under the heading “Americas Dirty Tankers”, subheading “VLCC” and “$/mt” for the USGC to China route for each business day (as specified below) in the determination period.	In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the average of the assessments appearing in the “Platts Dirty Tankerwire” under the heading “Americas Dirty Tankers”, subheading “VLCC” and “$/mt” for the USGC to China route for each business day (as specified below) in the determination period.
Contract Series 	Up to 48 consecutive months 	Up to 48 consecutive months 	Up to 48 consecutive months
Final Payment Date 	Two Clearing House Business Days following the Last Trading Day 	Two Clearing House Business Days following the Last Trading Day 	Two Clearing House Business Days following the Last Trading Day
Business Days 	Publication days for Platts Dirty Tankerwire 	Publication days for Platts Dirty Tankerwire 	Publication days for Platts Dirty Tankerwire
MIC Code 	IFEU 	IFEU 	IFEU
Clearing Venues 	ICEU 	ICEU 	ICEU
Trading Hours 	CITY 	TRADING 	PRE-OPEN
Trading Hours 	NEW YORK 	7:50 PM - 6:00 PM
19:50 - 18:00 	7:40 PM
19:40
Trading Hours 	LONDON 	12:50 AM - 11:00 PM
00:50 - 23:00 	12:40 AM
00:40
Trading Hours 	SINGAPORE 	7:50 AM - 6:00 AM
07:50 - 06:00 	7:40 AM
07:40
Trading Hours 	*Next Day 	*Next Day 	*Next Day
Codes 	Clearing Admin Name 	Wet Freight 	Wet Freight
Codes 	Physical 	WDD 	WDD
Codes 	Logical 	WDD 	WDD
Codes 	GMI (FC) 	ON 	ON
Codes 	ION A.C.N. 	None 	None
== Notes ==
== References ==
== Resources ==
Dirty FFA - USGC China (Platts) Future Contract Specs
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