Based in London, the Baltic Exchange can trace its history as far back as 1744.īaltic International Tanker Routes (BITR): A report on 19 international oil tanker routes published by the Baltic Exchange in London. It combines three Baltic Indexes: the Baltic Handymax Index, the Baltic Panamax Index, and the Baltic Capesize Index.īaltic Exchange: An independent source of maritime market information for the trading and settlement of physical and derivative contracts. The Baltic Dry Index is published by the Baltic Exchange in London. ![]() Based in Copenhagen, Denmark.īaltic Capesize Index (BCI): An index of charter rates for capesize vessels published by the Baltic Exchange in London.īaltic Clean Tanker Index (BCTI): An index of charter rates for product tankers published by the Baltic Exchange in London.īaltic Dirty Tanker Index (BDTI): An index of charter rates for crude oil tankers published by the Baltic Exchange in London.īaltic Dry Index (BDI): An index of the price of transporting major dry bulk raw materials (such as iron ore and coal) by sea. A ballast tank is a tank that is filled with seawater when a vessel is in ballast, in order to ensure stability.īallast ratio: Time at sea without cargo as a percentage of total time.īaltic and International Maritime Council (BIMCO):The world’s largest shipping association representing shipowners, shipbrokers, agents and P&I Clubs. Any cargo space that is inaccessible to baled cargo, such as space between frames, are excluded from the bale cubic capacity.īallast Leg: A voyage with no cargo on board to get a ship in position for the next loading port or docking. It is usually expressed in ft3 or m3, and it is used to estimate the space available for carrying unitized cargoes such as bales, bags and pallets. It was originally known as the Atlantic Merchant Vessel Emergency Reporting (AMVER) System.Īrabian Gulf (AG): Synonyms: Middle East Gulf (MEG) Persian Gulf (PG).ĪTDNSHINC: Any Time Day or Night Sundays & Holidays Included.Īutomatic Identification System (AIS): A system onboard a ship that continuously transmit the vessel’s identification, position, course, speed as well as other data to other ships and relevant authorities. Synonym: universal automatic identification system (UAIS).īale Cubic Capacity: A volume capacity of the cargo hold(s) of a dry cargo vessel. ![]() The system provides information on vessels located near a reported distress. Synonym: arbitration.Īframax: American Freight Rate Association.Īframax tanker: A (usually crude oil) tanker ranging in size from 85,000 dwt to 120,000 dwt.Īir Draft (or Air Draught): The distance from the waterline to the highest fixed point of a vessel.Īmerican Bureau of Shipping (ABS): the preeminent US-based, established in 1924 classification society, member of IACS (International Association of Classification Societies).ĪMVER: A voluntary global vessel reporting system used by search and rescue authorities in their efforts to provide assistance to persons in distress at sea. ADR: American Depository Receipts: The exchange system for trading of foreign shares in the USA.ĪDR: Alternate Dispute Resolution.
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