Further to Circular 25/20, the Baltic is calling members to a Working Group on 31 July 2020 @ 12:00 UK time to discuss the Tanker Worldscale Flat Rate Application process and methodology to establish whether a change is required to derive a $/mt value from the published Worldscale spot assessments for use by the CCP’s in settlement of derivatives for all Baltic Tanker Indices. 

The Working group will be held online and we therefore request for feedback prior to the event so that a summary of the market view can be presented and discussed.  A consultation paper, available to members on our website here, sets out the current method and puts forward alternative methods.

The Baltic requests all comments by 12:00 UK 30 July 2020.

All feedback received during the consultation process and Working Group will be presented to the Baltic Index Council (BIC) for its consideration.

Register for the Working Group here

If you have trouble accessing a copy of the Consultation paper, please contact James Pendered via balticbroker@balticexchange.com.