Circular 26/21 - Announcement: Mechanism for Applying Interim Revisions to the Worldscale Flat Rates

 

This is a notice of the completion of a minor change under the Guide to Market Benchmarks (GMB) section 5.2.1

Following discussions with the BIC and CCPs on the timing for the application of interim revisions to the Worldscale flat to settlement calculations, the Baltic Index Council met on the 01st December 2021, to consider the issues, the feedback from the consultation process and the Baltic’s proposals.

The Baltic Index Council agreed that;

·        any interim changes to the Worldscale flat rate would be applied on the 1st reporting day of the following month.   

·        It would be effective from 1 January 2022

The Baltic Index Council considered and took into account the feedback and information provided on the issues raised in the consultation process, in line with the Baltic’s Guide to Market Benchmark

If you have any questions or comments, please direct them to the Freight Team on balticbroker@balticexchange.com


Ref: MA/Tankers/202112/1/N