Fee Reductions for the Tanker Forward Freight Agreement (FFA) clearing service

LCH.Clearnet would like to advise its Members that it will be offering a 3 month fee holiday for Tanker FFA contracts, starting on 1 April 2008 and ending on June 30 2008. This is to coincide with several new FFABA broker initiatives on the Tanker market.

The routes affected are:

TC2, TC4, TC5, TD3, TD5, TD7.

Clearing fees for all other FFA routes will remain unchanged.
 
If you have any questions, please do not hesitate to contact me on  +44 207 426 7460 or Isabella.kurek-smith@lchclearnet.com  
  
Yours sincerely,
   
Isabella Kurek-Smith
Head of Energy and Freight Markets
Commercial Services