NOS launches clearing of TD11 future contracts in February 2008

NOS and IMAREX launch new tanker FFA route 1st February

In response to customer demand, NOS Clearing will start clearing the TD11 Aframax tanker contract from 1 February 2008. The contract will be available for trading at IMAREX on the same day.

TD11 is a Baltic assessed cross Mediterranean Aframax trading route from Banias to Lavera for 80 000 metric tons of dirty cargo.

Bravo Futures, a partly owned subsidiary of Bravo Tankers and IMAREX, will lead the brokerage of the contract, primarily aimed at Aframax owners and operators in the Mediterranean as well as the South European refining industry.