Thursday, Jun 3, 2010
On 31 May 2010 Israeli naval forces stopped and seized a flotilla of ships heading for Gaza. The Rachel Corrie was originally part of this flotilla but due to logistical reasons was delayed in Cyprus for 48-hours. The vessel plans to continue on to Gaza to deliver it's cargo of supplies.
Intrade has listed a market for whether or not the Rachel Corrie will dock in Gaza. This market can be found under Current Events > Middle East.
Contract Rules:
This contract will settle (expire) at 100 ($10.00) if the Rachel Corrie docks in Gaza before midnight ET on the date specified in the contract.
The contract will settle (expire) at 0 ($0.00) if the Rachel Corrie does not dock in Gaza before midnight ET on the date specified in the contract.
Expiry will be based on reports from three independent and reliable media sources that the vessel has successfully docked in Gaza.
Due to the nature of this contract please also see Contract Rule 1.7 Unforeseen Circumstances.
The Exchange reserves the right to invoke Contract Rule 1.8 (Time Protection) if deemed appropriate.
Any changes to the result after the contract has expired will not be taken into account - Exchange Rule 1.4
Please contact the exchange by emailing help@intrade.com if you have any questions or uncertainty regarding this contract or interpretation of these contract specific rules, related exchange news articles or Exchange Rules before you place an order.