Using Baltic Exchange data for settlement
When Baltic Data is referenced for the settlement of contracts, every party to the contract is required to have a valid Baltic Data Settlement Licence for the entire duration of the contract. This includes – but is not limited to – Time and Voyage Charterparties, Contracts of Affreightment (COAs), Commodity Contracts and Freight Derivative agreements (FFAs) that are not given up for clearing.
A Baltic Data Settlement Licence can be obtained through:
- A Baltic Panellist- Baltic data is based on assessments made by Panellist Brokers and the easiest way to obtain a licence is to nominate a Baltic Panellist Broker in the contract. Every Baltic Panellist Broker is permitted by the Baltic Exchange to provide Baltic Data (including a Settlement Licence) to its clients in the segment(s) for which the Panellist Broker supplies assessments to the Baltic. A list of Baltic panellists can be found here.
- Alternatively, a licence can be obtained directly from the Baltic Exchange
To ensure that your company has the correct licence or to learn more about Baltic Exchange market information, please contact email@example.com.