Baltic Exchange definition

Baltic Exchange means the independent panel of international shipbrokers based in London that provide reports and ship market assessments known as the “Baltic Exchange”;
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Baltic Exchange means The Baltic Exchange Ltd. or its successor, which reports market prices on the members section of its website at www. balticexchange.com or its successor.
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Baltic Exchange means The Baltic Exchange Limited of St Mary Axe, London EC3A 8BH, UK.
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Examples of Baltic Exchange in a sentence

  • Any Prospective Vessel will be chartered-in either on a fixed rate or on the most appropriate Baltic Exchange index or other index rate for that Prospective Vessel.

  • The Baltic Dry Index (the “BDI”), a daily index that tracks 20 key shipping routes published by the Baltic Exchange, which has long been viewed as the main benchmark to monitor the movements of the dry bulk vessel charter market and the performance of the entire dry bulk shipping market, declined 94% in 2008 from a peak of 11,793 in May 2008 to a low of 663 in December 2008 and has remained volatile since then.

  • It gives the contract owner the right to buy or sell the price of freight for future dates (Baltic Exchange Ltd, 2016).

  • The Seller represents to the Buyer on the date each a Transaction is entered into, that it holds a valid Baltic Exchange data settlement licence, and undertakes to maintain such licence in force until such time as all liabilities in relation to that Transaction have been discharged.

  • Vessels shall be chartered-out either on a fixed rate or on the most appropriate Baltic Exchange index or other index rate for that Vessel, and (in the case of Vessels which have been chartered-in) preferably at a charter out rate not to be lower than the corresponding charter-in rate agreed for that Vessel for the relevant charter-out period.

  • The Forward Freight Agreement Brokers' Association (FFABA) is an independent association of FFA broking Baltic Exchange members.

  • Route Ras Tanura - Chiba Distance 6,660 nm Roundtrip Flat Rate 29.40 Worldscale’s Flat Rate for 2013 Spot Rate 40.02 Baltic Exchange average for 2013 Port Expenses $ 205,000 Navig8 Pool Estimate IFO 380 $/mt $617.60 Platts’ average for 2013 MGO $/mt $939.47 Platts’ average for 2013 The evaluation is divided into 3 parts.

  • Should the 5 (five) TC BCI type be recalibrated in the future then the size adjustment premium is to be adjusted down accordingly by the official conversion factor as advised by the Baltic Exchange.