A Bunker Swap or CALL or PUT option is like an FFA/Option Trade except that it references a different market.
Bunker Swap contracts are valued against the quoted forward rates for the bunker symbol underlying the trade. Bunker Swap Options are not being automatically valued against the underlying routes. Instead, you can create a Market for Bunker Options in which the Option Symbols can be quoted. Each Bunker Swap Option contract will have a unique Option Symbol automatically generated. On the Market Data form, the quoted values of the trades can be recorded for each Option Symbol.
Bunker Swap/Option List
The Bunker Swap/Option List includes all Bunker Swap/Option Trades that you have the right to view.
On the Trading menu 
, under Trades, next to Bunker Swap/Option, click List.
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You can select multiple Bunker Swaps and confirm them at once by clicking the Confirm trade(s) link.
Bunker Swap/Option Trade
To view an existing Bunker Swap/Option Trade, on the Bunker Swap/Option List, click its row or Trade ID link.
To create a new Bunker Swap/Option Trade, do one of the following:
On the Bunker Swap/Option List, click
.- On the Trading menu , under Trades, click Bunker Swap/Option.
You can use tools on the toolbar to create, find, save, copy, or delete records.
- To copy a Bunker Swap-Option, click
. Enter the number of copies and then click Create. Edit line items for the copies as needed and then click OK.
The Bunker Swap/Option Trade form is the same as an FFA/Option Trade except:
- The Index is always Bunker Symbol and, instead of a Route, you select the Symbol.
- You can enter either the Volume/Month or Total Volume; the other value is calculated.
- The Settlement Rate is taken from the Bunker Market Rate.
Linked Bunker Swaps
You can link Bunker Swaps to voyages to show the gain or loss when a Bunker Swap is used to hedge against bunker exposure of contracts. You can link a Bunker Swap to a Cargo or a Time Charter Out at any point during the contract, before or after scheduling it. To open the linked contract, right-click a line on the Exposure or Settlement tab and click See Linked Contract.