Author Archives: Claudia Soria
Free On Board (FOB)
Free On Board (FOB) refers to a transaction where the seller pays for transportation of the goods to the port of shipment, plus loading costs. The buyer pays cost of marine freight transport, insurance, unloading, and transportation from the arrival … Continue reading
Barrel
A barrel (bbl) is a unit of volume measure used for petroleum and refined products. 1 barrel = 42 U.S. gallons 1 barrel = 158.9873 liters
Cubic Meter
A cubic meter (m³) is the International System of Units (SI) derived unit of volume. It is defined as the volume of a cube with edges one metre in length. 1 cubic meter = 35.3146667 cubic feet
Metric Tonne
A metric tonne or ton is a unit of mass equal to 1,000 kg or approximately the mass of one cubic metre of water at four degrees Celsius. 1 metric ton = 1,000 kg (2,204.623 lb) See also: Wikipedia – … Continue reading
British Thermal Unit (BTU)
The British Thermal Unit (BTU or Btu) is a traditional unit of energy equal to about 1 055.05585 joules. It is approximately the amount of energy needed to heat 1 pound (0.454 kg) of water 1 °F (0.556 °C). The … Continue reading
Commodities Exchanges Around the World
US, Canada and Brazil Exchange Location Products Chicago Board of Trade (CME) (CME Group) Chicago, IL wheat, corn, soybeans, oats, livestock, forest products (lumber and pulp), diary Chicago Board of Trade (CBOT) (CME Group) Chicago, IL wheat, corn, soybeans (meal … Continue reading
Cotton No. 2
Cotton of US origin only, of certain minimum standards of basis grade and staple length (strict low middling staple length: 1 2/32nd in) to be delivered at the following delivery points: Galveston (TX), Houston (TX), New Orleans (LA), Memphis (TN), … Continue reading
Sugar No. 14
Sugar No. 14 differs primarily from Sugar No. 11 in the shipping terms for the contract. Sugar No. 14 Calls for delivery of cane sugar in bulk at determined Atlantic and Gulf ports with Cost, Insurance and Freight (CIF) duty … Continue reading
Sugar No. 16
The Sugar No. 16 contract serves the hedging needs of U.S. sugar producers, end users and merchants. The contract prices physical delivery of US-grown (or foreign sugar with duty fees paid by deliverer) raw cane sugar at one of five … Continue reading
Sugar No. 11
The Sugar No. 11 contract is the world benchmark contract for raw sugar trading. The contract prices the physical delivery of raw cane sugar, free-on-board (FOB) the receiver’s vessel in a port within the country of origin of the sugar. … Continue reading