Trading Unit: One or more lots of 100 metric tonnes of gas oil, with delivery by volume namely 118.35 cubic meters per lot being the equivalent of 100 tonnes of gas oil at a density of .845 kg/litre in vacuum at 15º C.

Contract Months: Twelve consecutive months following the current month

Trading Hours: 9:15 AM to 5:27 PM Grenich Mean Time.

Deliverable Grade: Gas oil of merchantable quality not containing inorganic acids or halogenated hydrocardons, and conforming to detail specifications.

Delivery: Contracts will be for the future delivery of gas oil into barge or coaster or by inter-tank transfer from Customs bonded refinery or storage installations in the Amersterdam Rotterdam, Antwerp areas (including Vlissingen) between the 16th and the last calendar day of the delivery month.

Price Quotation: The contract price is in US dollars and cents on an EEC duty paid basis.

Min.Price Fluctuation: 25 cents per tonne equivalent to a tick value of $25.00

Max.Price Fluctuation: There are no limits

Margin Requirements: All open contracts are marked-to- market daily.