CM Group LNG Freight Route BLNG3g (LNG Fuel) (Baltic)

Baltic Exchange listed three new Liquid Natural Gas (LNG) Freight futures contracts effective March 22nd, 2021: CME Group LNG Freight Route BLNG1g (LNG Fuel) (Baltic), CME Group LNG Freight Route BLNG2g (LNG Fuel) (Baltic) Futures, and LNG Freight Route BLNG3g (LNG Fuel) (Baltic) Futures.
LNG Freight Route BLNG3g (LNG Fuel) (Baltic) Futures is the route between Sabine Pass, US and Tokyo, Japan via the Panama Canal.
== Contract Specs ==
LNG Freight Route BLNG3g (LNG Fuel) (Baltic) Futures	LNG Freight Route BLNG3g (LNG Fuel) (Baltic) Futures 	LNG Freight Route BLNG3g (LNG Fuel) (Baltic) Futures
Contract Unit 	1 charter day 	1 charter day
Price Quotation 	U.S. dollars and cents per charter day 	U.S. dollars and cents per charter day
Trading Hours 	CME Globex: 	Sunday - Friday 5:00 p.m. - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m. CT
Trading Hours 	CME ClearPort: 	Sunday 5:00 p.m. - Friday 4:00 p.m. CT with no reporting Monday - Thursday 4:00 p.m. – 5:00 p.m. CT
Minimum Price Fluctuation 	1 charter day = $1.00 	1 charter day = $1.00
Product Code 	CME Globex: BL3
CME ClearPort: BL3
Clearing: BL3 	CME Globex: BL3
CME ClearPort: BL3
Clearing: BL3
Listed Contracts 	Monthly contracts listed for the current year and the next 2 calendar years. List monthly contracts for a new calendar year following the termination of trading in the November contract of the current year. 	Monthly contracts listed for the current year and the next 2 calendar years. List monthly contracts for a new calendar year following the termination of trading in the November contract of the current year.
Settlement Method 	Financially Settled 	Financially Settled
Floating Price 	The floating price for each contract month is equal to arithmetic average of the USD per day rate for the BLNG3g freight route (i.e. US Gulf to Japan Round Voyage) for cargoes of 160,000 cubic metres, or as subsequently amended, published by the Baltic Exchange for each day that is published during the Settlement Period. The Floating Price shall be rounded to the nearest $0.01.	The floating price for each contract month is equal to arithmetic average of the USD per day rate for the BLNG3g freight route (i.e. US Gulf to Japan Round Voyage) for cargoes of 160,000 cubic metres, or as subsequently amended, published by the Baltic Exchange for each day that is published during the Settlement Period. The Floating Price shall be rounded to the nearest $0.01.
Termination of Trading 	Jan - Nov: Trading terminates on the last day of the contract month, on which the Index is published by the Baltic Exchange.
Dec: Trading terminates on the 24th day of the contract month. If the Baltic Exchange does not publish the Index on the 24th, trading terminates on the prior publication date. 	Jan - Nov: Trading terminates on the last day of the contract month, on which the Index is published by the Baltic Exchange.
Dec: Trading terminates on the 24th day of the contract month. If the Baltic Exchange does not publish the Index on the 24th, trading terminates on the prior publication date.
Position Limits 	NYMEX Position Limits 	NYMEX Position Limits
Exchange Rulebook 	NYMEX 704 	NYMEX 704
Block Minimum 	Block Minimum Thresholds 	Block Minimum Thresholds
Vendor Codes 	Quote Vendor Symbols Listing 	Quote Vendor Symbols Listing
== References ==
== Resources ==
*CME Group LNG Freight Route BLNG3g (LNG Fuel) (Baltic) Contract Specifications
== Notes ==
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