Family:  BCI, BPI
Index:  C2, C3, C5, P8
Change: Laycan Description for C2, C3, C5, P8   
 

Following consultation with Panellists, and with the market, the Baltic Index Council has approved the following minor change (as defined in section 5.2.1 of the Guide to Market Benchmarks (GMB) )  to laycan descriptions for routes C2, C3, C5 and P8, as below.

These changes will more accurately reflect standard market practices in the physical market but will have no value impact to how the routes are assessed.
 

From:   C2 – “…Laydays/cancelling 20/35 days from index date…..“
              C3 – “…Laydays/cancelling 20/35 days from index date….”
              C5 – “…Laydays/cancelling 10/20 days from index date….”
              P8 – “ …. Loading 15/25 days from index date…”

To:         C2 – “…Laydays/cancelling 20/30 days from index date…..“
              C3 – “…Laydays/cancelling 25/35 days from index date….”
              C5 – “…Laydays/cancelling 12/17 days from index date….”
              P8 – “….Loading 30/35 days from index date…..”


The full descriptions for these routes can be found in the GMB Appendix 2.


Any questions or comments should be directed to balticbroker@balticexchange.com

 

Circular ID: CA/Dry/202207/24/C