1.INTRODUCTION OF FUTURE SPACE EXCHANGES

Under the unfavorable external environment of slowdown of the global economy with the US economy stepping into recession, the Japanese economy going into difficulties, the South-east Asian economy confronting with problems and the European economy slowing down, China had kept stable growth in the national economy, the excellent beginning of the Tenth Five-year Plan. China's GDP in 2001 reached 9580 billion yuan, an increase of 7.3% as compared with that in the previous year, keeping the tendency of rapid growth....

2.REGULATIONS ON FUTURE SPACE EXCHANGES

Article 1 These Regulations are formulated in accordance with the Regulations for Transaction Administration of Shanghai Shipping Exchange and the Articles of Association of Shanghai Shipping Exchange (hereinafter referred to as the Exchange) so as to ensure orderly transaction of the future space exchanges within the Exchange and to protect the legitimate rights and interests of the parties involved in the transaction...

3.SPECIFIC RULES FOR FUTURE SPACE EXCHANGES 

Both the transacting parties shall be legally-founded international shipping companies, or direct cargo-owners as well as their authorized international freight forwarding agent, or non-vessel operating common carriers with their bills of lading filed with the Ministry of Communications and shall be members to the Shanghai Shipping Exchange (hereinafter referred to as the Exchange) as well. The parties shall sign the Service Contract of Future Space Exchanges with the Exchange, and provide deposit in accordance with the relevant rules and regulations...