Rubber Delivery Detailed Rules - tocom.or.jp€¦ · event of discrepancies between the English version and the original Japanese version, the Japanese version shall prevail. Any

(As of December 1st, 2019)

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Rubber Delivery Detailed Rules

DISCLAIMER:

This English translation is being provided for informational purposes only and

represents a desire by the Exchange to promote better understanding of the

Exchange by non-resident participants. While care has been taken to ensure that

the translation is accurate and complete, Tokyo Commodity Exchange, Inc. accepts

no liability or responsibility for any loss or damages, including trading losses, that

may be incurred from any inaccuracy or omission in the English translation. In the

event of discrepancies between the English version and the original Japanese

version, the Japanese version shall prevail. Any dispute that may arise within or

without a court of law with regard to the meaning of the words, provisions and

stipulations of the rules, regulations and agreements shall be resolved in

accordance with the Japanese texts.

(Rubber Delivery Detailed Rules as of December 1st, 2019)

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Chapter 1 General Provisions Article 1 (Purpose) 1. These Detailed Rules shall, based on the provisions of Article 3.8 of the Market Rules,

prescribe matters necessary for delivery in the Rubber Market.

Chapter 2 Ribbed Smoked Sheet

Article 2 (Good Delivery Material) 1. The Good Delivery Material shall be ribbed smoked sheets (“RSS”) No.3 and No.4 in

accordance with international standards. 2. The differential between the standard grade Good Delivery Materials and the non-standard

grade Good Delivery Materials shall be determined by the Exchange, using the market value on the tenth day (or the following business day if the day falls on a holiday) of the month in which the delivery is to be carried out as a basis.

Article 3 (Requirements for Good Delivery Material) 1. The Good Delivery Material shall satisfy the following requirements.

(1) The Good Delivery Material shall be those delivery goods that the customs formalities for import have been completed (by the day immediately preceding the day on which the delivery goods are determined or, in the case of early delivery, by the day on which such delivery is proposed), but within one year from the day on which the customs formalities for import were completed, and stored at the warehouse, designated by the Exchange pursuant to the provisions of Article 49.1.1.a of the Market Rules (“approved warehouse”).

(2) Each delivery unit shall consist of a bale of the same delivery goods (meaning the delivery goods of the same grade, contract, bill of lading (including those separately prepared for each container), shipper, and packing house; the same shall apply hereinafter).

(3) Each bale shall be indicated with the INT mark, and if the delivery goods are the product of Malaysia, Singapore, or Thailand, they shall be provided with the mark or registration number of the packing house printed on the bale.

(4) The weights indicated on the bale shall consist of one of the following: 100 kg 101.6 kg 111.11 kg 112.9 kg 113 kg 113.4 kg

Article 4 (Calculation of Weight of Delivery Goods) 1. The minimum measuring unit for delivery goods shall be kilograms. Any resulting fraction

that is less than one kilogram shall be rounded at the first decimal place to the nearest whole number.


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Article 5 (Requirements for Special Case of Delivery) delete

Article 6 (Delivery Method) 1. The delivery in futures transactions shall be conducted in the following manner.

(1) The seller and the buyer shall prepare the notice of full statements of the delivery goods in the form specified by the Exchange and shall deliver such documents to the Exchange by 6:00 p.m. of the Last Trading Day.

(2) With respect to goods to be delivered, the seller shall prepare and submit to the Exchange the Delivery Tender Notice and Inspection Instruction prescribed by the Exchange by 1:00 p.m. of the business day immediately following the Last Trading Day of the current contract month. If the delivery goods qualify as RSS No.4, an Inspection Certificate issued by the Exchange certifying that they are qualified as such shall be attached thereto.

(3) The seller and the buyer, preferring Customized Delivery provided for in Article 43.1.1, shall prepare and submit to the Exchange a Delivery Tender Notice and Delivery Acceptance Notice, prescribed by the Exchange, respectively, by noon on the business day immediately following the last trading day of the current contract month. Upon receipt of said Delivery Tender Notice and Delivery Acceptance Notice, the Exchange shall notify the Members (meaning Members provided for in Article 6.1 of Market Rules; the same shall apply hereinafter) thereof without delay.

(4) Members with concurrent positions shall be both the seller and the buyer for delivery pertaining to such concurrent positions.

(5) With respect to the delivery goods other than those to be delivered for the settlement of concurrent positions or for which the buyer is determined in accordance with the provisions of Article 43.1.1 and Article 44.1.1, the delivery goods to be received by each buyer shall be determined based on an allotment, or lot drawing, in accordance with the following method if there are two or more buyers. Such an allotment, or lot drawing, shall be conducted at a time indicated by the Exchange after the Exchange receives the Delivery Tender Notice and Inspection Instruction, prescribed in Item 1, in the presence of the buyers pertaining to said delivery (including their agents). If any of the buyers fail to appear by the time indicated by the Exchange, an employee of the Exchange shall act for the absent buyer: a. If a buyer wishes to receive delivery goods of a defective grade as prescribed in

Article 21.2.1, among the delivery goods offered for delivery, the Exchange may allot such defective grade goods to buyers on a priority basis;

b. With respect to Good Delivery Material offered for delivery other than commodities of standard grade, the delivery goods to be received by each buyer shall be determined based on an allotment made in proportion to the transaction amount of each buyer (any resulting fractions less than the delivery unit shall be adjusted to the delivery unit);

c. With respect to a delivery lot containing standard grades, offered for delivery where the deliverable period expires by the day immediately preceding the Last Trading Day of the following contract month, the delivery goods to be received by each buyer shall be determined based on an allotment made in proportion to the transaction amount of each buyer (any resulting fractions less than the delivery unit shall be adjusted to the delivery unit); and

d. With respect to the delivery goods other than those allotted pursuant to the provisions of Sub-items A, B, and C, a lot drawing shall be conducted to determine the order of drawing lots. Upon determination of the order of drawing lots, the Exchange shall conduct another lot drawing according to said order to determine the delivery goods to be received by each buyer.

(6) Upon determination of the delivery goods to be received by each buyer, the Exchange shall notify the buyer and the seller of said delivery thereof without delay. The Exchange shall deliver the Inspection Instruction pertaining to said delivery goods to


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the buyer. (7) The Exchange shall notify the buyer and the seller pertaining to said delivery of the

delivery payment and the amount of consumption tax (including local consumption tax; the same shall apply hereinafter) applicable thereto (the sum of the delivery payment and the amount of consumption tax applicable thereto shall be hereinafter referred to as “Delivery Payment”) by noon of the business day immediately preceding the delivery day.

(8) The buyer shall, by noon of the delivery day prescribed in Article 50 of the Market Rules, deliver the Delivery Payment to the Exchange and receive the warehouse receipt in exchange therefore from the Exchange.

(9) The seller shall deliver to the Exchange the warehouse receipt of the delivery goods by 1:00 p.m. of the business day immediately preceding the delivery day and receive the Delivery Payment.

(10) With respect to delivery carried out at an approved warehouse located outside of Tokyo, Kanagawa and Chiba area, the Exchange shall collect from the seller a freight charge and an insurance premium prescribed by the Exchange and for delivery to the buyer. In this case, the freight charge and the insurance premium shall be determined for each contract month by the last day of the month immediately preceding the month containing the delivery day of said contract month.

(11) In cases where the provisory clause of Article 54.1 of the Market Rules apply to the above Items 8 and 9, the term “warehouse receipt” shall be replaced with “Delivery Order.”

Article 7 (Loss and/or Damage after Submission of Warehouse Receipt) 1. In cases where all or part of the delivery goods described in a warehouse receipt are lost or

damaged after the seller has submitted the warehouse receipt to the Exchange but before the buyer receive it from the Exchange for reasons not attributable to the delivery parties, the loss shall be borne by the seller.

2. In the case outlined in the preceding paragraph, the seller shall notify the Exchange of the occurrence of the loss or damage without delay. Also, the seller shall submit a warehouse receipt of substitutes for the lost or damaged delivery goods and perform the delivery within five (5) business days of the business day immediately following the date of said notification.

3. Notwithstanding the provisions of Paragraph 2, in cases where the seller is unable to supply all or part of such substitutes, the seller may refuse to supply such portion, subject to the approval of the Exchange. In this case, the Exchange shall deem the delivery to have been completed and return to the buyer the amount of the Delivery Payment corresponding to the undelivered portion of the substitutes for the lost or damaged delivery goods.

4. In the cases outlined in Paragraphs 2 or 3 above, the buyer may not refuse to receive delivery.

Article 8 (Early Delivery) 1. In cases where the seller or the buyer seeks a counterparty for Early Delivery in futures

transactions, they shall make an application for Early Delivery between the first day of the current month (to be the following business day if the day falls on a holiday) to 2:30 p.m. of the two business day before to the Last Trading Day of the current contract month. For this purpose, either the seller or the buyer shall submit necessary documents to the Exchange; for the seller, prescribed by the Exchange for the delivery goods to offer for delivery, a Delivery Tender Notice, an Inspection Instruction, a document indicating the last delivery day, and, if delivery goods qualifying as RSS No.4 are offered for delivery, an Inspection Certificate issued by the Exchange certifying that they are qualified as such; and for the buyer, a document indicating the brand and the amount of the delivery goods to accept, the Last Delivery Day, and specific requirements for the delivery goods, if any. In this case, if either party intends to specify the business day immediately following the application day


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for Early Delivery as the last delivery day, it shall make an application by noon of said application day.

2. Upon receipt of an application for Early Delivery, the Exchange shall, without delay, seek a counterparty by notifying Member of the contents of the documents prescribed in the preceding paragraph.

3. The Member who made an application for Early Delivery may not offset the position for the proposed delivery amount, nor cancel the application, nor change the terms and conditions of the application. However, this shall not apply to the portion for which no offer for acceptance has been made by the cut-off time prescribed in Paragraph 5.

4. In cases where Members who hold opposite positions against positions for which Early Delivery has been proposed, are willing to accept all or part of the proposed Early Delivery, they shall notify the Exchange of their intention to accept. For this purpose, both the seller and the buyer shall submit necessary documents to the Exchange; for the seller, a Delivery Tender Notice prescribed by the Exchange for the delivery goods, an Inspection Instruction, and, if delivery goods qualifying as RSS No.4 are offered for delivery, an Inspection Certificate issued by the Exchange certifying that they are qualified as such; and for the buyer, a document indicating the brand and the amount of the delivery goods to accept.

5. The offer for acceptance prescribed in the preceding paragraph shall be made by 2:30 p.m. on the business day immediately preceding the last delivery day specified by the Member who has made an application for Early Delivery. The Exchange shall determine the counterparty sequentially according to the order of the day on which the applications were accepted. In cases where there are several competing applicants, the Exchange shall determine the counterparty by conducting a lot drawing on the daily in conformity with the provisions of Article 6.1.5.

6. The Members who make an application for Early Delivery, or offer for acceptance thereof, may not refuse to accept an Early Delivery on the grounds that the amount to be delivered falls short of the proposed amount.

7. The delivery price for Early Delivery shall be the settlement price of the current contract month as of the day on which the seller or the buyer of the delivery goods is determined, and the positions for which the delivery price has been determined shall be excluded from the unrealized profit and loss calculation starting from the following Clearing Period.

8. With respect to positions that are determined to be settled by Early Delivery before the differential for the current contract month is determined, pursuant to the provisions of Article 2.2, the differential that was applied to the previous contract month shall be used as the differential for the current contract month.

9. The buyer in Early Delivery may not request inspection or measuring provided for in Article 19, or make a claim for a deficiency pursuant to the provisions of Article 21, with respect to the delivery goods in Early Delivery.

10. The time and day for an Early Delivery shall be noon of the business day immediately following the day on which the seller and the buyer of the delivery goods are determined.

11. When it is determined that Early Delivery will be conducted, the Exchange shall notify Members thereof without delay.

12. The Exchange shall notify the delivery price etc. to the seller and the buyer of said delivery by the business day immediately preceding the delivery day.

13. The buyer in Early Delivery shall, by the delivery time and day, make the Delivery Payment to the Exchange and receive the warehouse receipt in exchange therefore from the Exchange.

14. The seller in Early Delivery shall deliver to the Exchange the warehouse receipt of the delivery goods to be delivered by the delivery time and day and receive the payment of the Delivery Payment in exchange therefore from the Exchange.

15. In cases where the proviso clause of Article 54.1 of the Market Rules applies, “the warehouse receipt” in previous two paragraphs shall be deemed to be replaced with “the Delivery Order”.

Article 9 (Mutually Consented Early Delivery) 1. Members holding positions in the current contract month may make delivery for these


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positions prior to the business day immediately preceding the Last Trading Day of the current contract month, based on mutual consent between the seller and the buyer (“mutually consented Early Delivery”), provided, however, this shall not apply to the amount that other Members holding positions for the current contract month raise an objection.

2. Members intending to carry out a mutually consented Early Delivery shall submit to the Exchange an application form for mutually consented Early Delivery, signed jointly by the seller and the buyer, and the documents prescribed in Article 8.1, by noon of the business day immediately preceding the delivery day of said mutually consented Early Delivery.

3. In cases where other Members holding positions for the current contract month intend to raise an objection to a mutually consented Early Delivery, pursuant to the provisions of the preceding paragraph, they shall submit to the Exchange a statement explaining the objection, and the documents prescribed in Article 8.1, by 2:30 p.m. of the business day immediately preceding the delivery day of said mutually consented Early Delivery. If the Exchange judges that there is a justifiable reason for the objection, the Exchange shall cause the mutually consented Early Delivery to be made for the amount calculated by deducting the amount pertaining to said objection from the amount originally proposed for the mutually consented Early Delivery.

4. With respect to the amount that was deducted from the amount originally proposed for the mutually consented Early Delivery under the preceding paragraph, the Exchange shall deem that an application for Early Delivery, or an offer for acceptance made pursuant to the provisions of the preceding article by the applicant for said mutually consented Early Delivery, or by the Members. who raised an objection to said mutually consented Early Delivery, and process the amount in accordance with the provisions of the same article.

5. The provisions of Paragraphs 2, 3, and 6 through 15 of the preceding article shall apply mutatis mutandis to mutually consented Early Delivery.

Article 10 (Early Delivery for Concurrent Positions) 1. Members holding concurrent positions for the current contract month may make delivery for

these positions prior to the business day immediately preceding the Last Trading Day of the current contract month (“Early Delivery for concurrent positions”).

2. The provisions of Paragraphs 2, 3, and 7 through 15 of the Article 8 and Paragraph 2 of the preceding article shall apply mutatis mutandis to Early Delivery for concurrent positions.

Article 11 (Warehouse Receipt) 1. The warehouse receipt, or Delivery Order prescribed in Article 54.1 of the Market Rules,

shall describe the following matters, satisfy all the requirements for transfer, and be prepared for each delivery unit of the same brand; provided, however, that in cases where delivery is carried out based on the Special Measures, etc. for the Warehouse Receipt Handling Procedure, said documents may by prepared per an amount corresponding to the integral multiple of the delivery unit. (1) Brand and other specification. (2) Amount. (3) Place of shipment. (4) Name of the foreign ship, import port, date of port entry, date on which customs

formalities for import were completed, and if applicable, whether the delivery goods are transported from a commercial warehouse by land.

(5) Indication of standard weight or nonstandard weight, distinction between the bales based on the standard weight and those based on the nonstandard weight, and the existence or nonexistence of damage.

(6) Provider of fire insurance and the amount of insurance coverage provided thereby.

Article 12 (Weight Tolerance of the Indicated Weight of Delivery Goods) 1. In cases where the indicated weight of the delivery goods deviates from the contract weight


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within a range of plus or minus 2.1/100 (2.1%)of the contract weight, but equal to the following weight per delivery unit in each category of indicated weight on the bale set forth below, the buyer shall accept the delivery goods and complete the settlement based on the indicated weight:

Indicated weight on the bale Weight per Delivery Unit

100 kg 5,000 kg (50 bales)

101.6 kg 5,080 kg (50 bales)

111.11 kg 5,000 kg (45 bales)

112.9 kg 5,080.5 kg (45 bales)

113 kg 5,085 kg (45 bales)

113.4 kg 5,103 kg (45 bales)

Article 13 (Weight Tolerance of Delivery Goods for Cases of Deficiency) 1. In cases where the difference between the weight of the delivery goods and the indicated

weight remains 0.5/100 (0.5%) or less of the indicated weight (“weight deficiency limit”), the buyer shall accept the delivery goods and complete the settlement based on the indicated weight.

Article 14 (Inspection and Measuring by the Buyer) 1. The buyer whose delivery goods are determined, pursuant to the provisions of Article 6,

shall conduct inspection and measuring of the delivery goods offered by the seller prior to delivery, except for cases set forth in each of the following items; provided, however, that the cut-off time for such inspection and measuring shall be 5:00 p.m. of the business day immediately following the day on which the delivery goods are determined. (1) Where the buyer requests an inspection and measuring, provided for in Article 19, by

10:00 a.m. of the business day immediately following the day on which the delivery goods are determined.

(2) Where the Inspection Certificate, provided for in Article 19, is attached to the delivery goods.

2. The costs incurred for conducting an inspection and measuring, pursuant to the provisions of the preceding paragraph, shall be borne by the buyer.

Article 15 (Unpacking of Delivery Goods) 1. In cases where delivery is carried out pursuant to the provisions of Article 6, or where an

application for or acceptance of Early Delivery, is made pursuant to the provisions of Article 8, the seller shall unpack the delivery goods offered for delivery, as prescribed in Article 20.1.1, per delivery lot. The unpacking cost shall be borne by the seller.

2. The provisions of the preceding paragraph shall apply mutatis mutandis to requests for inspection made prior to the determination of the delivery goods.

Article 16 (Inspection Date) 1. The inspection date prescribed in Article 19.1 shall be as prescribed in each of the following

items; provided, however, that where it is requested by a Member, an ad hoc inspection may be conducted on a day other than those prescribed in below Item 1. (1) For quality inspection

On the 10th day of each month (to be the following business day if the day falls on a holiday); the business day immediately preceding the Last Trading Day of the current contract month; and any day falling within the period from the second business day following the Last Trading Day of the current contract month to the last business day of the month.

(2) For weight measuring On a day deemed appropriate by the Exchange.


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2. With respect to inspection dates prescribed in Article 16.1.1 that fall on, or after the second business day following the Last Trading Day of the current contract month, the Exchange shall determine the appropriate inspection day(s) upon request or deficiency claim by a Member.

Article 17 (Delivery at Approved Warehouse in a Region Other Than Tokyo 23 Wards, Yokohama City and Kawasaki City in Kanagawa Prefecture)

1. In cases where delivery goods qualifying as RSS No.3 are to be delivered at an approved warehouse in a region other than Tokyo 23 wards, Yokohama City and Kawasaki City in Kanagawa Prefecture, for purposes of delivery prescribed in Article 6 or Early Delivery prescribed in Article 8, the seller shall submit to the Exchange a Delivery Tender Notice and an Inspection Instruction, prescribed by the Exchange pertaining to the delivery goods, and attach thereto an Inspection Certificate issued by the Exchange certifying that said delivery goods can be offered for delivery; unless deemed unnecessary by the Exchange.

Article 18 (Request for Inspection Prior to the Determination of Delivery Goods)

1. With respect to the delivery goods for which physical delivery to an approved warehouse has been completed, a Member intending to request an inspection or measuring prior to the determination of the delivery goods shall prepare and submit to the Exchange a request for inspection prescribed by the Exchange and attach thereto a provisional measurement table issued by the approved warehouse with respect to said delivery goods, by the fourth business days prior to the inspection date (or by the seventh business day prior to the inspection date, if the delivery goods pertaining to the request for inspection are stored in an approved warehouse in a region other than Tokyo 23 wards, and Yokohama City and Kawasaki City in Kanagawa Prefecture). However, the provisional measurement table may be submitted later, with a due date separately approved by the Exchange.

2. The provisional measurement table, pursuant to the provisions of the preceding paragraph, shall describe weights measured for each bale with respect to the number of bales prescribed in each of the following items. (1) Where the delivery lot subject to inspection is up to 24 delivery units:

10 bales (or 20 bales if a deficiency in the average weight of said 10 bales exceeds the limit permitted under the provisions of Article 13).

(2) Where the delivery lot subject to inspection exceeds24 delivery units: Additional 10 bales for each increase of 24 delivery units (or twice said bales if a deficiency in the average weight of said bales exceeds the limit permitted under the provisions of Article 13).

3. In cases where the seller intends to supply delivery goods without a valid Inspection Certificate issued by the Exchange, for purposes of delivery prescribed in Article 6, or Early Delivery prescribed in Article 8, the seller shall attach the provisional measurement table, prescribed in the preceding two paragraphs, to the Delivery Tender Notice and Inspection Instruction prescribed by the Exchange.

Article 19 (Inspection and Measuring by the Exchange) 1. In cases where a request for inspection or measuring is made by a Member concerning

delivery goods at the Exchange, or where it is necessary to conduct inspection or measuring of such delivery goods for the handling of deficiencies, the Exchange shall conduct an inspection or measuring of the delivery goods on the inspection date prescribed in Article 16 and issue an Inspection Certificate. The Exchange may entrust such inspection or measuring to third parties approved by the Exchange if it is deemed necessary.

2. The Inspection Certificate prescribed in the preceding paragraph shall be effective until the


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last day of the month containing the sixth day after the issuance date, unless the storage place for said delivery goods are changed or said delivery goods are damaged after the Exchange completes inspection or measuring of them.

3. If there is a valid Inspection Certificate issued pursuant to the preceding two paragraphs, with respect to the delivery goods offered for delivery, the seller shall attach the Inspection Certificate to a Delivery Tender Notice prepared in accordance with the provisions of Articles 6, and 8 through 10.

4. The Exchange will not conduct inspections or measurings with respect to the delivery goods for which inspection or measuring has been conducted in accordance with the paragraph 1, and if such Inspection Certificate remains valid.

5. When the Exchange has conducted an inspection or measuring in accordance with a Member request, it will collect from said Member (or from the seller if the inspection was conducted in accordance with the request by the buyer) the inspection or measuring fee prescribed in each of the following items, as well as the actual amount of any necessary incidental costs. However, the applicable inspection or measuring fee shall be half the amount specified below if the inspection or measuring is conducted on the inspection date prescribed in Article 16.1, prior to the Last Trading Day of the current contract month; and 1.5 times the amount specified below if inspection or measuring is conducted on an ad hoc basis in accordance with the provisory clause of Article 16.1. (1) Inspection fee (Consumption Tax not included):

a. For first-time inspections Where the delivery lot subject to inspection is up to 24 delivery units: 18,000 yen Where the delivery lot subject to inspection exceeds 24 delivery units: An additional 4,000 yen for each increase of 12 delivery units

b. For any subsequent re-inspections 10,000 yen per delivery lot subject to inspection

(2) Measuring fee (Consumption Tax not included): 10,000 yen per delivery lot subject to inspection

Article 20 (Inspection and Measuring Methods) 1. The method for inspection and measuring conducted in accordance with the provisions of

Articles 14 and 19 shall be as follows: Regarding Article 14, the parties shall extract the number of bales, specified below, per delivery lot subject to inspection; and in regarding Article 19, a member of the Delivery & Quality Committee shall do so in the presence of the parties. For inspection, the quality of the extracted bales shall be judged based on international standards; for measuring, the weight of the extracted bales shall be measured by using a measure gauge of an approved warehouse. (1) For inspection

Where the delivery lot subject to inspection is up to 24 delivery units: 10 bales Where the delivery lot subject to inspection exceeds 24 delivery units: An additional 10 bales shall be extracted per each increase of 24 delivery units. Provided, however, that each increase of 24 delivery units shall be grouped as one (1) lot.

(2) For measuring For each delivery lot subject to inspection, the number agreed between the parties within the number of bales corresponding to 10/100 (10%) of the delivery lots, subject to inspection.

2. If an objection is raised with respect to the bales extracted by the parties, or a member of the Delivery & Quality Committee in accordance with the provisions of the preceding paragraph, the number of bales desired by the parties, or the member of the Delivery & Quality Committee, shall be extracted additionally. In such cases, the provisions of Articles 19.5 and 21.6 shall apply mutatis mutandis to the sharing of the additional costs.

3. Where a sample is extracted for inspection purposes, in accordance with the provisions of the preceding two paragraphs, for each bale extracted the weight of the sample shall be


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not more than 0.4 kilograms.

Article 21 (Handling of Deficient Delivery Lots) 1. In cases where the buyer determines delivery goods to be a deficient delivery lot as a result

of inspection or measuring, conducted in accordance with the provisions of Article 14, the buyer may submit a written claim against the Exchange and the seller, in a format designated by the Exchange, by 5:00 p.m. of the business day immediately following the day on which the delivery goods are determined, unless an inspection or measuring has been conducted with respected to said delivery goods by the Exchange and the Inspection Certificate is currently effective.

2. When receiving a claim for deficiency pursuant to the provisions of the preceding paragraph, the Exchange shall conduct inspection or measuring in accordance with the provisions of Article 19. If, as a result of such inspection or measuring, the Exchange determines that there is no deficiency, it will reject the claim. Otherwise, the Exchange shall handle the deficiency in the following manner. (1) In cases where the deficiency is related to wrapping and the extent thereof is

insignificant, if the Exchange can determine that delivery can be completed based on a price discount (such deficient delivery goods shall be hereinafter referred to as “defective grade goods”), and the Exchange shall allow delivery to be completed based on a price discount, calculated by multiplying a price determined by the Exchange with the delivery amount.

(2) In cases where a deficiency related to the quality or wrapping is significant and the Exchange determines that it is inappropriate to conduct the delivery, the Exchange shall require the seller to supply substitutes for the delivery goods by the fifth (5) business day immediately following the day on which such determination is made, in order to complete the delivery. In this case, in supplying substitutes for the delivery goods, the seller shall submit to the Exchange the Delivery Tender Notice prescribed by the Exchange and the Inspection Certificate issued by the Exchange certifying that substitutes for the delivery goods are qualified goods (including defective grade goods if they are qualified as RSS No.3).

(3) If the seller fails to supply the substitutes required under the above item, or the substitute also has a serious deficiency and is deemed inappropriate for delivery, the Exchange shall deem the delivery to have never occurred.

(4) In the case of a deficiency in the weight of the delivery goods exceed the tolerance level prescribed in Article 13, the Exchange shall require the seller to accept a price discount by the amount calculated with respect to the total shortage portion based on the delivery price (if there is a price discount imposed under the provisions of Item 1, the amount of the price discount shall be added) in order to complete the delivery.

3. With respect to the delivery goods that are determined to be deficient as a result of the inspection or measuring conducted, pursuant to the provisions of Article 19 (excluding cases in which inspection or measuring is conducted for the handling of deficiency), the delivery thereof shall be handled in accordance with the provisions of each item of the preceding paragraph.

4. In cases where the Exchange requires the seller to supply substitutes for delivery goods in order to complete delivery, pursuant to the provisions of Paragraph 2.2, if substitutes for delivery goods are supplied on a day falling after the last business day of the current month, the Exchange shall collect from the seller, and deliver to the buyer, the penalty for late delivery, which is calculated by multiplying 3/1000 of the delivery price by the delivery amount per day.

5. Upon determination of the handling procedure for deficient delivery goods, pursuant to the provisions of Paragraphs 2 or 4, the Exchange shall notify the parties concerned thereof without delay and the parties concerned shall follow its determination.

6. The costs incurred for inspection or measuring by the Exchange, in connection with the handling of deficiency under the provisions of Paragraph 2, shall be collected from the following parties in accordance with the categories prescribed below. (1) In the case of inspection: The seller


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(2) In the case of measuring: a. Where the claim for deficiency is rejected as it is determined that there is no

deficiency, the buyer; and b. Where it is determined that there is a deficiency and the deficiency is handled in

accordance with the provisions of Paragraph 2.4, the seller. 7. In cases where delivery is completed during a period subsequent to the period prescribed

in Article 55 of the Market Rules as a result of the deferment of settlement provided for in Article 23, the storage cost and insurance premium pertaining to the subsequent period shall be borne by the seller, unless the provisions of Article 82 of the Market Rules apply.

Article 22 (Withdrawal of Claim for Deficiency) 1. In cases where the buyer reaches agreement with related parties to withdraw its claim for

deficiency made under the provisions of Article 21.1, the buyer may withdraw the claim by notifying the Exchange to that effect, in writing, by the business day immediately preceding the inspection date. In the case where bales have been opened, pursuant to the provisions of Article 20, associated costs shall be borne by the buyer.

2. Members may withdraw a request for inspection or measuring, provided for in Article 19.1, by notifying the Exchange of that effect in writing by the business day immediately preceding the inspection date.

Article 23 (Deferment of Settlement for Delivery) 1. With respect to deliveries where the Exchange recognizes that the settlement cannot be

completed by the cut-off time, under circumstances in which the inspection or measuring, prescribed in Article 19 is to be conducted, or the deficiency is to be handled in accordance with the provisions of Articles 21.2 or 21.3, notwithstanding the provisions of Articles 6.1.8 and 6.1.9, the Exchange shall require the buyer to deposit the Delivery Payment with the Exchange and the seller to deliver the warehouse receipt or Delivery Order to the Exchange by said cut-off time, and defer the settlement until the delivery becomes possible.

Article 23-2 (Delivery Goods in Approved Warehouse) 1. In cases where the delivery goods bought in TOCOM market have past more than one year

from the day on which the customs formalities for import were completed, the buyer shall immediately remove the goods from the approved warehouse. However, this shall not apply to the case for which there is an unavoidable reason approved by the Exchange.

Chapter 3 Technically Specified Rubber

Article 24 (Good Delivery Material) 1. The Good Delivery Material shall be Standard Thai Rubber (“STR”) 20 produced in

Thailand, the kind of Technically Specified Rubber (“TSR”) 20 that satisfy the requirements in the following Article.

Article 25 (Requirements for Good Delivery Material) 1. The Good Delivery Material shall satisfy the following requirements.

(1) Produced in TSR factories approved by TOCOM (“Approved Factory”) within 3 month at the time of the delivery

(2) Meeting the TSR quality requirements as follows mandated by Thailand: a. Dust content: below 0.16% / weight


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b. Ash content: below 0.80% / weight c. Volatile substance content: below 0.80% / weight d. Nitrogen content: below 0.60% / weight e. Wallace plasticity (PO): at or above 30 f. Plasticity Retention Index (PRI): at or above 40

(3) Shrink-wrap packing (with bale mark) that satisfy the packing requirements mandated by Thailand

(4) Attaching a quality inspection certificate issued within 3 months at the time of the delivery by the factories designated to conduct quality inspection by Thailand.

(5) Produced in the same factory of each delivery unit, have the same issue date of the quality inspection certificate, and be made up by bales for the same shipment.

2. Each delivery unit shall consist of the following: (1) The weights for one bale shall be 35kg. (2) 1 shrink-wrap packing contains 36bales. The weights for one packing shall be 1,260 kg

(the net weight exclude the weights of wrapping). (3) 1 delivery unit shall consist of a container with 16 shrink-wrap packings. The weights for

one container shall be 20,160kg (the net weight). (4) Shall use wooden or plastic pallets.

Article 26 (Weight Tolerance of Delivery Goods) 1. The difference between the weight of the delivery goods and the indicated weight shall

remain 0.5/100 (0.5%) or less of the indicated weight. 2. The difference between the weight of a bale of the delivery goods and the indicated weight

shall remain 3/100 (3%) or less of the indicated weight.

Article 27 (Delivery Point) 1. The Delivery point shall be Bangkok port, Laem Chabang port or Penang port.

Article 28 (Method for Deciding on the Buyer of Delivery Goods, etc.) 1. Method for deciding on the buyers of delivery goods and other matters shall be as follows:

(1) The seller shall submit the Delivery Tender Notice and the Delivery report stipulated by the Exchange, and the buyer shall submit the Delivery Acceptance Notice and the Delivery report stipulated by the Exchange, the Exchange by noon on the business day immediately following the Last Trading Day of the current contract month.

(2) Upon receipt of the delivery Tender Notice and the Delivery Acceptance Notice prescribed in previous item, the Exchange shall notify the Members the contents of such Notice without delay.

(3) With respect to the delivery goods other than those for which the counterparty is determined, in accordance with the provisions of Article 43.1.1 and Article 44.1.1, if there are two (2) or more buyers, the delivery goods to be received by each buyer shall be determined based on an allotment or lottery conducted in accordance with following method. Such an allotment or lottery shall be conducted, after the Notice prescribed in Item 1 are received by the Exchange, at the time indicated by the Exchange on the two business day immediately following the last business day of the Last Trading Day. If any of the buyers fail to appear by the time indicated by the Exchange, an employee of the Exchange shall act for the absent buyer: A. Where there are certain delivery goods preferred by a buyer, the Exchange may

allot such delivery goods to that buyer on a priority basis. Where there3 are competing buyers, delivery goods to be received by each buyer shall be determined by lottery;

B. With respect to the delivery goods other than those for which the counterparty is determined in accordance with the provisions of Sub-item A, the delivery goods to be received by each buyer shall be determined by a lottery.


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(4) The lottery, prescribed in the preceding item shall be conducted in a manner, prescribed below: A. The Exchange will conduct a lottery for determining the order of drawing lots by

buyers (“preliminary lottery”) by drawing lots; and B. Upon determination of the order of drawing lots as a result of the preliminary

lottery, the Exchange will conduct the final lottery by drawing lots in accordance with said order. Finally, the Exchange will determine the delivery goods to be received by each buyer by having, in accordance with the order determined as a result of the final lottery, each buyer select from the Delivery Tender Notice delivery goods they are to receive.

(5) Upon determination of the delivery goods to be received by each buyer, the Exchange shall notify the seller and the buyer pertaining to said delivery thereof without delay.

Article 29 (Delivery Method) 1. The delivery method shall be as follows.

(1) The delivery method shall be free on board (“FOB”). The seller shall load the delivery goods to the vessels designated by the buyer at the delivery port agreed upon between the delivery parties, for the destination designated by the buyer.

(2) If the buyer requests the delivery to be made separately for each delivery units, the seller shall do so.

(3) The shipping date of the Good Delivery Material shall, in principle, be the day the buyer designates and the seller agrees upon within the period from 10

th business day of the

current contract month to the 15th of the month immediately following the current contract month. If the buyer designates a shipping date, the buyer shall promptly notify the seller to that effect. In this case, the buyer shall provide the seller the number of days necessary for shipment according to commercial custom.

(4) The seller and buyer shall co-sign and submit the shipping advice designated by the Exchange to the Exchange by noon on the day seven (7) business days prior to the planned shipping date. If the shipping date is changed, a shipping advice revised accordingly shall be promptly submitted to the Exchange.

(5) The shipping date of the delivery goods shall be the shipment completion date shown in the bill of lading.

(6) The seller and buyer shall co-sign and submit the shipping advice designated by the Exchange to the Exchange by noon on the day seven (6) business days following the Shipping date. In such case, the seller shall submit the copies of delivery documents prescribed in Item 7 to both the buyer and the Exchange.

(7) The seller shall submit the original copy of those of the following delivery documents that are designated by the buyer to the Exchange by noon on the day falling on four (4) business days after the day of submission of the delivery notice. However, the seller may submit the original copy of said delivery documents to the buyer, subject to consent of the buyer: A. Bill of Lading; B. Invoice; C. Quality Inspection Certificate; D. Quality/Weight Certificate; E. Certificate of Origin; F. Packing List; and G. Other documents generally used as delivery documents in international rubber

transactions. (8) The delivery documents submitted pursuant to the provisions of the preceding item

shall satisfy the following criteria:

a. They contain the matters prescribed in national laws, ordinances, etc., related to

international agreements, commercial custom, or delivery

b. They contain all terms and conditions necessary for the transfer (in the case of bills of

lading)


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c. They contain the procedures, etc. required by customs (in the case of documents

necessary for customs formalities)

d. Other matters generally required for international rubber transactions (9) The buyer shall make the Delivery Payment to the Exchange by noon on the shipping

date, and receive the delivery documents prescribed in the item 7 on the delivery day. (10) The buyer shall submit the Notice of Delivery Completion by 3:30 p.m. on the two (2)

business days following the Delivery Day. (11) The Delivery Payment shall be made to the seller by noon on the day falling on the next

business day after the day on which the delivery completion notice prescribed in the preceding item is submitted to the Exchange (which shall have been received by the Exchange by 3:30 p.m. on each business day.

Article 30 (Arrangement of Vessel, etc.) 1. The vessel or container, prescribed in Article 29.1.1, shall be arranged for by the buyer,

unless it is arranged for by the seller. In this case, the buyer shall arrange for vessels that satisfy the criteria for port entrance permits prescribed by the delivery point.

2. Upon completion of arrangement for vessels, the buyer shall promptly notify the seller to that effect.

3. The seller shall, upon receiving notice from the buyer pursuant to the preceding paragraph, provide cooperation so that any and all processes performed by the buyer in accordance with the rules of said delivery point such as preparation for shipment to the vessels and containers arranged for by the buyer will be completed by the shipping date.

4. For shipment of the delivery goods, the seller and buyer shall handle cargo in accordance with commercial custom for general export procedures for raw rubber

Article 31 (Scope of Responsibilities of the Seller) 1. The scope of responsibility of the seller for the delivery shall extend to the point in time

when the full quantity of the delivery goods has been loaded

Article 32 (Delivery Costs, etc.) 1. The responsibility for the various delivery costs are given below:

(1) Fees for use of container terminals that accrue for shipment and expenses related to

shipment work, etc. that accrue up to completion of shipment of the full quantity of the

delivery goods shall be borne by the seller.

(2) Expenses for arrangement for vessels and containers and expenses that accrue after

completion of shipment of the full quantity of the delivery goods shall be borne by the

buyer. (3) Other expenses not prescribed in the Market Rules or this Procedure shall be decided

upon through consultation between the delivery parties in accordance with commercial custom.

Article 33 (Filling of Deficiency) 1. In cases where the buyer acknowledges that there is a deficiency in delivery goods

condition such as a deficiency in quality (includes contamination with piece of iron, vulcanized rubber or others), the buyer may file a claim of deficiency against the Exchange within 45 days after landing at the destination using a form prescribed by the Exchange. In such case, the buyer shall also submit a sample, report from inspecting agency, Certificate of Inspections and other necessary documents specified in International Contract for Technically Specified Rubber prescribed by the International Rubber Association as a condition for standard transaction of TSR.


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Article 34 (Handling of Deficient Delivery Goods) 1. Upon a filing of deficiency, made pursuant to the provisions of the preceding article, the

Exchange shall handle the deficiency in the following manner. (1) The Exchange shall interview the buyer and conduct research necessary for verifying

the matters stated in the filing. In such case, the Exchange may ask an arbitration center provided in the TSR International Contract for the investigation.

(2) Upon determination of the Rubber Delivery and Quality Committee of the Exchange to mediate, or ask arbitration center to mediate the deficient delivery goods, or reject the claim, the Committee shall notify the buyer such decision within 30days from the day that the claim has been filed.

2. If, as a result of the research conducted, pursuant to the provisions of the preceding paragraph, the Exchange determines that there is no deficiency, the Exchange will reject the filing. Otherwise, the Exchange shall handle the deficiency in the following manner. (1) In there is an excess or shortage of the weight of delivery goods from the limit

permitted under the provisions of Article 5, the Exchange shall cause the delivery to be completed by requiring the seller to accept a price difference by the amount calculated with respect to the entire deficiency if the weight of the delivery goods exceeds or falls short of the weight of delivery amount by 1% of the delivery amount stated in the General Delivery Notice, or by the amount calculated with respect to the deficiency from 0.5% if the weight of the delivery goods is within 1% of the delivery amount stated in the General Delivery Notice.

(2) Where the Exchange determines that completing delivery based on a price discount would not be detrimental due to an immaterial deficiency, the Exchange shall require the delivery to be completed based on a price discount determined by the Exchange.

(3) Where the Exchange determines that delivery goods are not suitable for delivery due to a significant deficiency, the Exchange shall cause the delivery to be completed by requiring the seller to supply substitute delivery goods if agreed by both the seller and the buyer. In such case, the seller shall pay the amount calculated by the delivery amount multiplied by one-percent (1%), as a penalty for late delivery to the Exchange, and the Exchange shall delivery it to the buyer.

(4) In the event that the seller fails to supply substitute delivery goods, as required under the preceding item, or that there is a deficiency in the substitute delivery goods that is so significant that they are deemed unsuitable for delivery, it shall be deemed that the seller never supplied any delivery goods.

3. If, as a result of the investigation by an arbitration center provided in the TSR International Contract prescribed in Paragraph 1 item 2, the Exchange determines that there is no deficiency, the Exchange will reject the filing. Otherwise, the seller and the buyer shall follow the procedure set by an arbitration center.

4. Delivery parties shall handle the case in accordance to the determination provided in the preceding two paragraphs, and may not lodge any objection.

Article 35 (Cost incurred for the Handling of Deficiency) 1. Costs incurred for the handling of a deficiency, prescribed in the preceding article, shall be

shared between the delivery parties as follows. (1) Inspection fees and other actual costs incurred for research for a deficiency filing,

shall be borne by the buyer if the filing is rejected due to the results of this research. (2) Inspection fees and other actual costs incurred for research of a deficiency that result

in a delivery based on a payment of price difference or delivery based on substitute delivery goods, prescribed in Article 34.2, shall be borne by the seller.

(3) Delivery parties shall be responsible for the payment in accordance to the determination of an arbitration center provided in the TSR International Contract, if an arbitration center determines that there is a deficiency.

Article 36 (Withdrawal of Filing of Deficiency, etc.)


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1. In cases where an agreement is reached between the delivery parties to withdraw a filing of a deficiency, made by the buyer pursuant to the provisions of Article 33, the buyer may withdraw the filing by notifying the Exchange to that effect in writing. In such case, the costs incurred for the research or others shall be shared by the Delivery parties.

2. The buyer may submit the written notice to the Exchange prior to the due date of filling of deficiency of the delivery goods in cases where the buyer confirmed there is no deficiency. Upon receipt of such written notice, the Exchange shall deem the period for the filling of deficiency of said delivery goods has been due out.

Article 37 (Handling of Inability to Deliver) 1. If delivery is not made on the delivery date because of an accident involving the carrying

vessel or some other reason that is not attributable to the delivery parties prescribed in the following article, the seller and the buyer shall hold discussions and set another delivery date that falls within the delivery period for the current contract month or a period approved by the Exchange and shall make delivery. If it is impossible to make delivery or the Exchange finds that it is inefficient to make delivery during those periods, the delivery shall be considered to have been completed through settlement using the delivery price for the current contract month.

2. The delivery parties may not object to the method for handling non-delivery prescribed in the preceding paragraph.

3. The method for handling non-delivery prescribed in Paragraph 1 can only be used in the case that the delivery notice prescribed in Article 29 is submitted to the Exchange before the incident stipulated in the following article occurs.

Article 38 (Reasons for Inability to Deliver) 1. If any of the following events give rise to an inability to deliver the Exchange shall classify

the event as not being attributable to the delivery parties. (1) Where shipping at the delivery point cannot be carried out due to natural disasters,

wars, riots, etc. (2) Where the goods cannot be loaded due to an accident to the loading vessel (3) Where a cargo strike occurs at the delivery point, or where entering or leaving the port

is suspended or similar measures are taken by the public authorities. (4) Where the ship’s captain judges that cargo loading needs to be suspended or halted

in order to prevent an accident. (5) Where performance of delivery becomes impossible due to laws, administrative

sanctions, etc. of the delivery related countries. (6) Other events approved by the Exchange as being inevitable.

Article 39 (Delay of the Loading) 1. The following steps shall be taken if the loading delayed as prescribed in Article 37.1.

(1) If it becomes certain that the loading of the delivery goods will be delayed, the seller or the buyer shall promptly notify the Exchange by submitting a written explanation for the delay with the relevant documents. This shall apply only to the cases where the loading notice prescribed in the Article 29 has been submitted before submission of the written explanation for the delay.

(2) Rulings and penalty for late loading shall be as follows. A. Upon receipt of the explanation letter prescribed in the preceding item, the

Exchange shall explore if the case falls under any of Items prescribed in the preceding article. If the Exchange determines that the case falls under Item 6, the Exchange shall collect 1% of the delivery payment per day for the delay as a penalty and shall pay such amount to the counterparty.

B. Notwithstanding to the provisions of preceding Item, if the delivery parties reach to an agreement before the judgement of the Exchange, the Exchange shall leave the case to the delivery parties and shall not collect the penalty for the delay. In


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such case, the seller and the buyer shall submit an agreement notice to the Exchange.

C. The delivery parties must follow the judgement made by the Exchange and shall pay the penalty when required.

Article 40 (Provisions in TSR International Contract) 1. The provisions in TSR International contract shall apply mutatis mutandis to the delivery

unless prescribed in the Market Rules or in this Detailed Rules.

Article 41 (General Condition of the Delivery) 1. For the delivery, the seller shall be responsible to the all necessary administration for the

export of the Delivery Goods, and the buyer shall be responsible to the all necessary administration for the import of the Delivery Goods.

2. The Delivery Parties shall deliver the Delivery Goods according to the latest laws applicable at the Delivery Point.

Chapter 4 Declared Delivery, Customized Delivery and ADP

Article 42 (Declared Delivery) 1. Members intending to carry out a Declared Delivery, as prescribed in Article 57 of the Market

Rules, shall apply using the application form, designated by the Exchange, within the period from the business day immediately following the last trading day of the contract month immediately preceding the current contract month to 2:30 p.m. of the second business day prior to the last trading day of the current contract month.

2. In addition to those prescribed in the preceding paragraph, other matters necessary for the handling of Declared Delivery shall be prescribed by the Rubber Declared Delivery Procedure.

Article 43 (Customized Delivery) 1. The “period prescribed by the Rubber Delivery Detailed Rules”, referred to in Article 58 of

Market Rules, shall be as below: (1) RSS

The period from the time a notification is made by the Exchange to Members concerning the contents of the Delivery Tender Notice and Delivery Acceptance Notice, prescribed in Article 6.3, to 2:00 p.m. of the day on which the counterparties are to receive the delivery goods, determined pursuant to the provisions of Article 5.

(2) TSR A. The period from the time when the Exchange notice the contents of delivery notice

to Members as prescribed in Article 28.1.1, until 2:00p.m. of the day on which the counterparty to receive the delivery goods is determined pursuant to the provisions of Article 28.1.3.

B. The period from the time when the counterparty to receive the delivery goods is determined, until 2:00 p.m. of the day on which three business day following the loading day of such delivery.

2. In addition to those prescribed in the preceding paragraph, other matters necessary for the handling of Customized Delivery, shall be prescribed by the Rubber Customized Delivery Procedure.

Article 44 (ADP)


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1. “Within period prescribed by the Delivery Detailed Rules” referred to in Article 58-2 of the Market Rules shall be (1) RSS

Within the period from the end of Day session on the last trading day of the current month, until 2:00 p.m. of the day on which the counterparty to receive the delivery goods is determined pursuant to the provisions of Article 6.1.4.

(2) TSR A. Within the period from the time when the Exchange notice the contents of delivery

notice to Members as prescribed in Article 28.1.1, until 2:00 p.m. of the day on which the counterparty to receive the delivery goods is determined pursuant to the provisions of Article 28.1.3.

B. Within the period from the time when the counterparty to receive the delivery goods is determined, until 2:00 p.m. of the day on which three business day following the loading day of such delivery.

Chapter 5 Miscellaneous Provisions

Article 45 (Avoidance of Manufacturer that has Provided Goods Containing a Foreign Substance, etc.)

1. In cases where a foreign substance, such as a scrap of iron, has been mixed in the bale of delivery goods, the Exchange shall conduct a factual investigation, and when deemed necessary, may prohibit the shipper, the packing house or the approved factory that provided such delivery lots, from providing further delivery lots manufactured by the same manufacturer, until it is determined that the manufacturer has implemented a remedial measure to prevent such accident.

Article 46 (Methods Relevant to Delivery) 1. The methods provided in Article 6, Article 8, Article 9, Article 10, Article 18, Article 19,

Article 28, Article 29 and Article 42 through Article 44 shall be made through the electronic computer system set by the Exchange (“Delivery System”; the same shall apply hereinafter), which procedures are prescribed in the Delivery System Procedure. In such case, the approval of the seller and the buyer through the Delivery System shall be treated as “signed jointly by the seller and the buyer” prescribed in Article 9.2, Article 29.1.4 and 1.6, in Rubber Declared Delivery Procedures, in Rubber Customized Delivery Procedures and in ADP Detailed Rules.

Article 46-2 (Rubber Delivery Committee) 1. The Exchange may establish the Committee to advise the Representative Director,

President, in response to requests by the Representative Director, President thereof or otherwise, on matters concerning the delivery of rubber markets of the Exchange.

2. The structure and the meeting procedure of the committee prescribed in preceding paragraph and other matters necessary for the administration of said Committee shall be governed by the Rubber Delivery Committee Regulations.

Article 47 (Emergency Measures) 1. In cases where there arises a situation that is not prescribed in the Market Rules, in these

Detailed rules, TSR International Contract, or an unforeseen situation occurs, the situation shall be handled by the seller and the buyer according to the consultation between the delivery parties.


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Article 48 (Revisions to Rules) 1. These Detailed rules shall be amended as necessary in consideration of actual delivery

conditions, and such amendments may be applied to existing contract months.

Article 49 (Revision or Abolition) 1. Revision or abolition to these Detailed Rules shall be approved by the Representative

Director, President.


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Supplementary Provisions These Detailed Rules shall be in effect as of December 1, 2008.

Supplementary Provisions Revisions to Article 1 (Purpose), Article 3 (Requirements for Good Delivery Material), Article 5 (Requirements for Special Case of Delivery), Article 6 (Delivery Method), Article 8 (Early Delivery), Article 9 (Mutually Consented Early Delivery), Article 11 (Warehouse Receipt), and Article 21 (Handling of Deficient Delivery Lots) shall be in effect as of May 7, 2009.

Supplementary Provisions Revisions to Article 6.2 (Delivery Method) shall be in effect as of October 8, 2009 when Article 87 (Category of Membership) of the Market Rule been effective.

Supplementary Provisions Revisions to Article 12 (Weight Tolerance of the Indicated Weight of Delivery Goods), and Article 18 (Request for Inspection Prior to the Determination of Delivery Goods) through Article 20 (Handling of Deficient Delivery Lots) shall be in effect as of August 9, 2010 when the revisions of the Market Rules been effective, and applied to the delivery of March 2011 contract and subsequent contract months.

Supplementary Provisions Revisions to Article 4 (Calculation of Weight of Delivery Goods) and Article 11 (Warehouse Receipt) shall be in effect as of May 15, 2012.

Supplementary Provisions Revisions to Article 6 (Delivery Method), Article 8 (Early Delivery), Article 9 (Mutually Consented Early Delivery), Article 10 (Early Delivery for Concurrent Positions), Article 11 (Warehouse Receipt), Article 16 (Inspection Date), Article 19 (Inspection and Measuring by the Exchange) and Article 21 (Handling of Deficient Delivery Lots) shall be in effect as of March 31, 2014.

Supplementary Provisions Article 1 The newly established Article 25 (Method Relevant to Delivery) and the revisions to Article 6 (Delivery Method) and Article 25 (Revision or Abolition) shall be in effect as of March 22, 2016.

Article 2 The newly established Article 25 may not apply to the delivery for June 2016 contracts and before. In such case, the former rules may apply.

Supplementary Provisions Article 1 Revisions to Article 6 (Delivery Method) shall be in effect as of September 20, 2016.

Article 2 Notwithstanding the provisions of preceding Article, in the event that there is operational trouble of the electronic trading system or other unavoidable reasons that it is deemed necessary by the Exchange, the effective date of preceding Article will be separately provided by the Exchange.

Supplementary Provisions Revisions to Article 6 (Delivery Method), Article 8 (Early Delivery), Article 9 (Mutually Consented Early Delivery), Article 10 (Early Delivery for Concurrent Positions) and Article 16 (Inspection Date) shall be in effect as of October 31, 2016.

Supplementary Provisions Newly established Article 25 (ADP) and the revisions to Article 6 (Delivery Method), Article 25 (Methods Relevant to Delivery) and Article 26 (Revision or Abolition) shall be in effect as of


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March 3, 2017 and applied to the delivery of March 2017 contract and subsequent contract months.

Supplementary Provisions Newly established Article 25 (Declared Delivery) and Article 26 (Customized Delivery) and the revisions to Article 6 (Delivery Method), Article 8 (Early Delivery), Article 23 (Deferment of Settlement for Delivery), Article 25 (ADP), Article 26 (Methods Relevant to Delivery) and Article 27 (Revision or Abolition) shall be in effect as of January 1, 2018.

Supplementary Provisions Newly established Chapter 1 (General Provisions), Chapter 2 (Ribbed Smoked Sheet),

Chapter 3 (Technically Specified Rubber), Chapter 4 (Declared Delivery, Customized Delivery

and ADP), Chapter 5 (Miscellaneous Provisions), Article 24 (Good Delivery Material), Article

25 (Requirements for Good Delivery Material), Article 26 (Weight Tolerance of Delivery Goods),

Article 27 (Delivery Point), Article 28 (Method for Deciding on the Buyer of Delivery Goods,

etc.), Article 29 (Delivery Method), Article 30 (Arrangement of Vessel, etc.), Article 31 (Scope

of Responsibilities of the Seller), Article 32 (Delivery Costs, etc.), Article 33 (Filling of

Deficiency), Article 34 (Handling of Deficient Delivery Goods), Article 35 (Cost incurred for the

Handling of Deficiency), Article 36 (Withdrawal of Filling of Deficiency, etc.), Article 37

(Handling of Inability to Delivery), Article 38 (Reasons for Inability to Delivery), Article 39

(Delay of the Loading), Article 40 (Provisions in TSR International Contract), Article 41

(General Condition of the Delivery), Article 47 (Emergency Measures), and Article 48

(Revisions to Rules) and the revisions to Article 2 (Good Delivery Material), Article 6 (Delivery

Method), Article 8 (Early Delivery), Article 17 (Delivery at Approved Warehouse in a Region

other than Tokyo 23 Wards, Yokohama City and Kawasaki City in Kanagawa Prefecture),

Article 21 (Handling of Deficient Delivery Lots), Article 24 (Good Delivery Material), Article 25

(Requirements for Good Delivery Material), Article 26 (Weight Tolerance of Delivery Goods),

Article 27 (ADP), Article 28 (Methods Relevant to Delivery) and Article 29 (Revision or

Abolition) shall be in effect as of October 9, 2018 and applied to the delivery of November

2018 contract and subsequent contract months.

Supplementary Provisions Revisions to Schedule 1 shall be in effect as of April 23, 2019 and applied to the delivery of May 2019 contract and subsequent contract months.

Supplementary Provisions Newly established Article 23-2 (Delivery Goods in Approved Warehouse) shall be in effect as of July 30, 2019.

Supplementary Provisions Revisions shall be in effect as of December 1, 2019. Provided, however, the revision to Article 5 (Requirements for Special Case of Delivery) and Article 6 (Delivery Method) shall be in effect as of November 29, 2019 and shall be applied to the delivery of June 2020 contract and subsequent contract months.


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Schedule 1. TSR20 Approved Factories (Article 25)

№ Code Factory (Producer) Location

1 BR E.Q. RUBBER CO., LTD CHONBURI

2 AZ GUANGKEN RUBBER (SATUN) CO.,LTD SATUN

3 DA GUANGKEN RUBBER (TRANG) CO.,LTD TRANG

4 CP GUANGKEN RUBBER (MEKONGRIVER) CO.,LTD UDONTHANI

5 DB GUANGKEN RUBBER (THAI SOUTHERN) CO.,LTD SURATTHANI

6 DJ GUANGKEN RUBBER (THAI EASTERN) CO.,LTD CHUMPHON

7 AX HUA TAI RUBBER CO., LTD SADAO

8 BQ NAM HUA RUBBER CO., LTD SADAO

9 CO NTEQ POLYMER CO., LTD MUKDAHAN

10 CI RUBBERLAND PRODUCTS CO., LTD BUNGKARN

11 CI2 RUBBERLAND PRODUCTS CO., LTD BURIRAM

12 CI3 RUBBERLAND PRODUCTS CO., LTD MUKDAHAN

13 BP SIAMINDO RUBBER CO., LTD PHATTALUNG

14 CA SIN TONG THAI RUBBER CO., LTD RAYONG

15 BJ1 SOUTHLAND RESOURCES CO., LTD THAMPHANNARA

16 BJ2 SOUTHLAND RESOURCES CO., LTD BANGKLAM

17 BJ3 SOUTHLAND RESOURCES CO., LTD RAYONG

18 BJ4 SOUTHLAND RESOURCES CO., LTD BEUNGKAN

19 BJ5 SOUTHLAND RESOURCES (CHUMPHON) CO., LTD CHUMPHON

20 BJ6 SOUTHLAND RESOURCES (TRANG) CO., LTD TRANG

THUNGSONG 21 BD1 SRI TRANG AGRO-INDUSTRY PUBLIC CO., LTD

22 BD2 SRI TRANG AGRO-INDUSTRY PUBLIC CO., LTD SIKAO

23 BD3 SRI TRANG AGRO-INDUSTRY PUBLIC CO., LTD HUAY NANG

24 BD4 SRI TRANG AGRO-INDUSTRY PUBLIC CO., LTD UDON THANI

25 BD5 SRI TRANG AGRO-INDUSTRY PUBLIC CO., LTD UBON

RATCHATHANI

26 BD6 SRI TRANG AGRO-INDUSTRY PUBLIC CO., LTD PITSANULOK

27 BD7 SRI TRANG AGRO-INDUSTRY PUBLIC CO., LTD SAKAEO


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№ Code Factory (Producer) Location

28 BD8 SRI TRANG AGRO-INDUSTRY PUBLIC CO., LTD KALASIN

29 BD9 SRI TRANG AGRO-INDUSTRY PUBLIC CO., LTD LOEI

30 H1 TECK BEE HANG CO., LTD THUNGSONG

31 H2 TECK BEE HANG CO., LTD YALA

32 H6 TECK BEE HANG CO., LTD NARATHIWAT

33 H7 TECK BEE HANG CO., LTD PATTANI

34 H8 TECK BEE HANG CO., LTD SURATTHANI

35 CL THAI HUA RUBBER PUBLIC CO., LTD BURIRAM

36 BN THAI HUA RUBBER PUBLIC CO., LTD CHALUNG

37 BK THAI HUA RUBBER PUBLIC CO., LTD RAYONG

38 CC THAI HUA RUBBER PUBLIC CO., LTD BUENGKAN

39 CR THAI HUA RUBBER PUBLIC CO., LTD UDONTHANI

40 BN2 THAI HUA RUBBER PUBLIC CO., LTD PHITSANULOKE

41 BS THAIMAC STR CO., LTD KRABI

42 AG THAITECH RUBBER CORP., LTD HATYAI

43 AG2 THAITECH RUBBER CORP., LTD TRANG

44 AG3 THAITECH RUBBER CORP., LTD PATTANI

45 BL TONGTHAI TECHNICAL RUBBER CO., LTD CHANTABURI

46 AJ1 VON BUNDIT CO., LTD SURATTHANI

47 AJ2 VON BUNDIT CO., LTD PHUNPHIN

48 AJ3 VON BUNDIT CO., LTD UDONTHANI

49 AJ4 VON BUNDIT CO., LTD CHUMPHON

50 DE CHAROEN POKPHAND AGRICULTURE CO., LTD LOEI

51 CU TAVORN RUBBER INDUSTRY (NORTHEAST) CO., LTD NONGKHAI

Documents

Rubber Delivery Detailed Rules - tocom.or.jp€¦ · event of discrepancies between the English version and the original Japanese version, the Japanese version shall prevail. Any