SSE has developed the Methodologies for the Quarterly Screening and Adjustment of Freight Rate Information from containerized freight index Sample Companies as the basis for the screening and adjustment. Each quarter, SSE evaluates and screens the freight rate information collected from a sample company based on whether the sample company is a panelist of the Europe-US Service Subcommittee, the weakly average number of transaction records in the previous quarter, the total number of periods without a transaction record in the previous quarter, whether there is any missed report without justification in the previous quarter, and whether the index system is subject to quarterly validation.
The EC contract is traded on the basis of “service index, international platform, RMB denomination, and cash settlement.”
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