In order to align with current market practice of 3.75% address commission + 1.25% brokerage,

the Baltic Index Council has approved the following amendment as from 2 January 2018.

 

From this date all the Capesize routes will have the same commission structure and the following

routes would then be assessed basis 5% total commission:

 

C2 - Tubarao to Rotterdam. 160,000lt iron ore, 10% more or less in owner’s option.

 

C3 - Tubarao to Qingdao. 160,000mt or 170,000mt iron ore, 10% more or less in owner’s option.

 

C4 - Richards Bay to Rotterdam. 150,000mt coal, 10% more or less in owner’s option.

 

C5 - West Australia to Qingdao. 160,000mt or 170,000mt iron ore, 10% more or less in owner’s option.

 

C7 - Bolivar to Rotterdam. 150,000mt or 160,000mt coal, 10% more or less in owner’s option.

 

The Baltic will continue to engage with the market and any comments or feedback should be referred to balticbroker@balticexchange.com