Baltic Exchange

509

Baltic FA|Aframax|105k|TD7$+1CAL

BFA, next Calendar Year: 80,000mt. North Sea to Continent (Hound Point to Wilhelmshaven). Laydays/cancelling 7/14 days from index date. Age max 15 yrs. 3.75% total commission.

BFA, next Calendar Year: Dirty 80K North Sea to UK-Continent

137

Baltic FA|Capesize|180k|5TC_C+1CAL

BFA, next Calendar Year: Timecharter Weighted Average: Sum(C8_14*0.25, C9_14*0.125, C10_14*0.25, C14*0.25, C16*0.125)

BFA, next Calendar Year: Capesize Timecharter Average

513

Baltic FA|Capesize|180k|5TC_C+1Q

BFA, next Quarter: Timecharter Weighted Average: Sum(C8_14*0.25, C9_14*0.125, C10_14*0.25, C14*0.25, C16*0.125)

BFA, next Quarter: Capesize Timecharter Average

140

Baltic FA|Handy Bulker|38k|TC_H38+1CAL

BFA, next Calendar Year: Timecharter Weighted Average: Sum(HS1_38*0.125, HS2_38*0.125, HS3_38*0.125, HS4_38*0.125, HS5_38*0.20, HS6_38*0.20, HS7_38*0.10)

BFA, next Calendar Year: Handysize Timecharter Average

517

Baltic FA|Handy Bulker|38k|TC_H38+1Q

BFA, next Quarter: Timecharter Weighted Average: Sum(HS1_38*0.125, HS2_38*0.125, HS3_38*0.125, HS4_38*0.125, HS5_38*0.20, HS6_38*0.20, HS7_38*0.10)

BFA, next Quarter: Handysize Timecharter Average

511

Baltic FA|LR1|75k|TC5$+1CAL

BFA, next Calendar Year: 55,000mt CPP/UNL naphtha condensate. Middle East Gulf to Japan (Ras Tanura to Yokohama). Laydays cancelling 30/35 days from index date. Age max 15 yrs. 3.75% total commission.

BFA, next Calendar Year: Clean Middle East Gulf to Japan

510

Baltic FA|MR2|47k|TC2$+1CAL

See Baltic Exchange for a full definition

See Baltic Exchange for a full definition

138

Baltic FA|Panamax Bulker|74k|4TC_P+1CAL

BFA, next Calendar Year: Derived value: P5TC-1,336

BFA, next Calendar Year: Panamax 74 Timecharter Average

516

Baltic FA|Panamax Bulker|82k|5TC_P+1Q

BFA, next Quarter: Timecharter Weighted Average: Sum(P1A_82*0.25, P2A_82*0.1, P3A_82*0.25, P4_82*0.10, P6_82*0.30)

BFA, next Quarter: Panamax Timecharter Average

515

Baltic FA|Suezmax|160k|TD20$+1CAL

BFA, next Calendar Year: 130,000mt. West Africa to UK-Continent (offshore terminal Bony to Rotterdam). Laydays/cancelling 15-20 days from the index date. Age max 15 years. 82,000grt. 3.75% total commission.

BFA, next Calendar Year: Dirty 130K West Africa to UK-Cont.

139

Baltic FA|Supramax|52k|5TC_S+1CAL

See Baltic Exchange for a full definition

See Baltic Exchange for a full definition

519

Baltic FA|Supramax|58k|10TC_S+1Q

Timecharter Weighted Average: Sum(S1B_58*0.05, S1C_58*0.05, S2_58*0.20, S3_58*0.15, S4A_58*0.075, S4B_58*0.10, S5_58*0.05, S8_58*0.15, S9_58*0.075, S10_58*0.10)

Supramax Timecharter Average

508

Baltic FA|VLCC|300k|TD3$+1CAL

BFA, next Calendar Year: 270,000mt. Middle East Gulf to China (Ras Tanura to Ningbo). Laydays/cancelling 15/30 days from index date. Age max 15 yrs. 3.75% total commission.

BFA, next Calendar Year: Dirty 270K Middle East Gulf to China

512

Baltic FA|VLCC|300k|TD3TCE+1Q

BFA, next Quarter: Timecharter Equivalent basis a Baltic VLCC (VLCC300), delivery Ningbo for a round voyage loading Ras Tanura. 2 days load. 2 days discharge. 2 days waiting.

BFA, next Quarter: VLCC Middle East Gulf to China

413

Baltic TC|Capesize|China-Brazil round voyage|C14

Delivery Qingdao 15-25 days after sailing Qingdao, round voyage via Brazil, redelivery China-Japan range, duration 80-90 days. Basis the Baltic Capesize vessel. 5% total commission.

Capesize China-Brazil round voyage

412

Baltic TC|Capesize|China-Japan transpacific round voyage|C10_14

Delivery Qingdao, laydays/cancelling 3/10 days from index date, redelivery China-Japan range, duration 35-45 days. Basis the Baltic Capesize vessel. 5% total commission.

Capesize China-Japan transpacific round voyage

411

Baltic TC|Capesize|Continent/Mediterranean trip China-Japan|C9_14

Delivery Amsterdam-Rotterdam-Antwerp range or passing Passero, laydays/cancelling 3/10 days from index date, redelivery China-Japan range, duration about 65 days. Basis the Baltic Capesize vessel. 5% total commission.

Capesize Cont-Med trip China-Japan

410

Baltic TC|Capesize|Gibraltar/Hamburg transatlantic round voyage|C8_14

Delivery Gibraltar-Hamburg range, laydays/cancelling 3/10 days from index date, transatlantic round voyage, redelivery Gibraltar-Hamburg range, duration 30-45 days. Basis the Capesize vessel. 5% total commission.

Capesize Gibraltar/Hamburg transatlantic round voyage

414

Baltic TC|Capesize|Revised backhaul|C16

Delivery North China-South Japan range, 3-10 days from index date for a trip via Australia or Indonesia or US west coast or South Africa or Brazil, redelivery UK-Cont-Med within Skaw-Passero range, duration to be adjusted to 65 days. Basis the Baltic Capesize vessel. 5% total commission.

Capesize Revised Backhaul

446

Baltic TC|Handysize Bulker|North China-South Korea-Japan trip to North China-South Korea-Japan|HS6_38

Delivery North China-South Korea-Japan range, laydays/ cancelling 5/10 days from index date, for a 40-45 days trip, redelivery north China-S Korea-Japan range. Basis the Baltic Standard Handysize (BHSI38) 38 vessel. 5% total commission.

Handysize N. China-S. Korea-Japan trip to N. China-S. Korea-Japan

447

Baltic TC|Handysize Bulker|North China-South Korea-Japan trip to south east Asia|HS7_38

Delivery North China-South Korea-Japan range, laydays/cancelling 5/10 days from index date, for a 25-30 day trip, redelivery Krabi-Campha range including Malaysia, Indonesia & Philippines. Basis the Baltic Standard Handysize (BHSI38) vessel. 5% total commission.

Handysize N. China-S. Korea-Japan trip to SE Asia

443

Baltic TC|Handysize Bulker|Rio de Janeiro-Recalada trip to Skaw-Passero|HS3_38

Delivery Recalada-Rio de Janeiro range, laydays/cancelling 5/10 days from index date, redelivery Skaw-Passero range, duration 35-45 days. Basis the Baltic Standard Handysize (BHSI38) 38 vessel. 5% total commission.

Handysize Rio de Janeiro-Recalada trip to Skaw-Passero

442

Baltic TC|Handysize Bulker|Skaw-Passero trip to Boston-Galveston|HS2_38

Delivery Skaw-Passero range, laydays/cancelling 5/10 days from index date, redelivery Boston-Galveston range. Duration 35-45 days. Basis the Baltic Standard Handysize (BHSI38) 38 vessel. 5% total commission.

Handysize Skaw-Passero trip to Boston-Galveston

441

Baltic TC|Handysize Bulker|Skaw-Passero trip to Rio de Janeiro-Recalada|HS1_38

Delivery Skaw-Passero range, laydays/cancelling 5/10 days from index date, redelivery Recalada-Rio de Janeiro range, duration 35-45 days. Basis the Baltic Standard Handysize (BHSI38) 38 vessel. 5% total commission.

Handysize Skaw-Passero trip to Rio de Janeiro-Recalada

445

Baltic TC|Handysize Bulker|South East Asia trip to Singapore-Japan|HS5_38

Delivery Krabi-Campha range including Malaysia, Indonesia & Philippines, laydays/ cancelling 5/10 days from index date, for a 30-45 days trip, redelivery Singapore–Japan range including China. Basis the Baltic Standard Handysize (BHSI38) 38 vessel. 5% total commission.

Handysize SE Asia trip to Singapore-Japan

444

Baltic TC|Handysize Bulker|US Gulf trip via US Gulf or north coast South America to Skaw-Passero|HS4_38

Delivery Brownsville-Key West, laydays/cancelling 5/10 days from index date, for a trip via US Gulf or North Coast South America, redelivery Skaw-Passero range, duration 35-45 days. Basis the Baltic Standard Handysize (BHSI38) 38 vessel. 5% total commission.

Handysize USG trip via USG or NC S America to Skaw-Passero

501

Baltic TC|LNG|Australia to Japan RV|BLNG1

Delivery Gladstone cold ready to load, loading 25-40 days from Index date, for a derived round voyage via Tokyo of 22 days duration, with redelivery Gladstone, based on daily hire and lumpsum assessments with 1.25% total commission. Round voyage calculated basis the Baltic LNG carrier (LNGC160) burning marine fuel oil to reposition. See Appendix 3

LNG Australia to Japan RV

498

Baltic TC|LNG|Australia to Japan RV|BLNG1(g)

Delivery Gladstone cold ready to load, loading 25-40 days from Index date, for a derived round voyage via Tokyo of 23 days duration, with redelivery Gladstone, based on daily hire and lumpsum assessments with 1.25% total commission. Round voyage calculated basis the Baltic LNG carrier (LNGC160) burning LNG fuel to reposition. See Appendix 3

LNG Australia to Japan RV

502

Baltic TC|LNG|US Gulf to Continent RV|BLNG2

Delivery Sabine cold ready to load, loading 25-40 days from Index date, for a derived round voyage via Isle of Grain of 28 days duration, with redelivery Sabine, based on daily hire and lumpsum assessments with 1.25% total commission. Round voyage calculated basis the Baltic LNG carrier (LNGC160) burning marine fuel oil to reposition. See Appendix 3

LNG US Gulf to Cont. RV

499

Baltic TC|LNG|US Gulf to Continent RV|BLNG2(g)

Delivery Sabine cold ready to load, loading 25-40 days from Index date, for a derived round voyage via Isle of Grain of 29 days duration, with redelivery Sabine, based on daily hire and lumpsum assessments with 1.25% total commission. Round voyage calculated basis the Baltic LNG carrier (LNGC160) burning LNG fuel to reposition. See Appendix 3

LNG US Gulf to Cont. RV

503

Baltic TC|LNG|US Gulf to Japan RV|BLNG3

Delivery Sabine cold ready to load, loading 25-40 days from Index date, for a derived round voyage via Tokyo of 53 days duration (routing via Panama Canal), with redelivery Sabine, based on daily hire and lumpsum assessments with 1.25% total commission. Round voyage calculated basis the Baltic LNG carrier (LNGC160) burning marine fuel oil to reposition. See Appendix 3

LNG US Gulf to Japan RV

500

Baltic TC|LNG|US Gulf to Japan RV|BLNG3(g)

Delivery Sabine cold ready to load, loading 25-40 days from Index date, for a derived round voyage via Tokyo of 54 days duration (routing via Panama Canal), with redelivery Sabine, based on daily hire and lumpsum assessments with 1.25% total commission. Round voyage calculated basis the Baltic LNG carrier (LNGC160) burning LNG fuel to reposition. See Appendix 3

LNG US Gulf to Japan RV

464

Baltic TC|LPG|LPG US Gulf to Continent|BLPG2

44,000mt, 5% more or less in owner’s option, 1 to 2 grades, fully refrigerated liquefied petroleum gas, Laydays/cancelling 15-40 days from index date. US Gulf to Continent (Houston to Flushing). Laytime 96 hrs total. Age max 20 yrs. 1.25% total commission.

LPG US Gulf to Cont.

505

Baltic TC|LPG|LPG US Gulf to Japan|BLPG3

44,000mt, 5% more or less in owner’s option, 1 to 2 grades, fully refrigerated liquefied petroleum gas, Laydays/cancelling 15-45 days from index date. US Gulf to Japan (Houston to Chiba, routing via Panama Canal with 2 days total waiting included). Laytime 96 hrs total. Age max 20 yrs. 1.25% total commission

LPG US Gulf to Japan

504

Baltic TC|LPG|Middle East Gulf to Japan|BLPG1

44,000mt, 5% more or less in owner’s option, 1 to 2 grades, fully refrigerated liquefied petroleum gas, Laydays/cancelling 10/30 days from index date. Middle East Gulf to Japan (Ras Tanura to Chiba). Laytime 96 hrs total. Age max 20 yrs. 1.25% total commission.

LPG Middle East Gulf to Japan

422

Baltic TC|Panamax Bulker|Japan-S Korea Transpacific round voyage|P3A_82

Delivery Hong Kong-S Korea including Taiwan, loading 15-20 days from the index date, for a 35-50 days trip redelivery Hong Kong-S Korea including Taiwan. 25% weighting. Basis the Baltic Panamax vessel. 5.00% total commission.

Panamax Japan-S. Korea transpacific round voyage

423

Baltic TC|Panamax Bulker|Japan-S Korea trip to Skaw Passero|P4_82

Delivery Hong Kong-S Korea including Taiwan, loading 15-20 days from the index date, for a 55-70 day trip redelivery Skaw-Gibraltar range. 10% weighting. Basis the Baltic Panamax vessel. 5.00% total commission.

Panamax Japan-S. Korea trip to Skaw-Passero

425

Baltic TC|Panamax Bulker|Singapore round voyage via Atlantic|P6_82

Delivery Singapore, loading 30-35 days from the index date, for a 90-105 day trip redelivery Hong Kong-S Korea including Taiwan. 30% weighting. Basis the Baltic Panamax vessel. 5% total commission.

Panamax Singapore round voyage via Atlantic

420

Baltic TC|Panamax Bulker|Skaw-Gib transatlantic round voyage|P1A_82

Dely Skaw-Gibraltar range, loading 15-20 days from the index date, for a transatlantic round voyage of 40-60 days, redelivery Skaw-Gibraltar range. 25% weighting. Basis the Baltic Panamax vessel. 5.00% total commission.

Panamax Skaw-Gibraltar transatlantic round voyage

421

Baltic TC|Panamax Bulker|Skaw-Gib trip to Taiwan-Japan|P2A_82

Delivery Skaw-Gibraltar range, loading 15-20 days from the index date, for a trip of 75-85 days, redelivery Hong Kong-S Korea range including Taiwan. 10% weighting. Basis the Baltic Panamax vessel. 5.00% total commission.

Panamax Skaw-Gibraltar trip to Taiwan-Japan

424

Baltic TC|Panamax Bulker|South China, Indonesian round voyage|BEP Asia|P5_82

Delivery South China (Fuzhou-Hong Kong range) or passing Taipei southbound, laydays/cancelling 5/10 days from index date, for a trip via Indonesia, redelivery South China (Fuzhou-Hong Kong range), duration 20-25 days. Basis the Baltic Panamax vessel. Basis the Baltic Panamax vessel. 5% total commission. Also known as BEP Asia

Panamax S. China, Indonesian round voyage (BEP Asia)

431

Baltic TC|Supramax|Canakkale trip via Med or Bl Sea to China-South Korea|S1B_58

Delivery passing Canakkale, laydays/cancelling 5/10 days from index date, redelivery China-S Korea range, duration 40-50 days. Basis the Baltic Standard Supramax (BSI58) vessel. 5% total commission

Supramax Canakkale trip via Mediterranean or Black Sea to China-S. Korea

433

Baltic TC|Supramax|North China one Australian or Pacific round voyage|S2_58

Delivery north China (Shanghai-Dalian range), laydays/cancelling 5/10 days from index date, for an Australian or transpacific round voyage, redelivery north China (Shanghai-Dalian range), duration 40-50 days. Basis the Baltic standard Supramax (BSI58) vessel. 5% total commission.

Supramax N. China one Australian or Pacific round voyage

434

Baltic TC|Supramax|North China trip to West Africa|S3_58

Delivery north China (Shanghai-Dalian range), laydays/cancelling 5/10 days from index date, redelivery West Africa (Dakar-Douala range), duration 55-65 days. Basis the Baltic Standard Supramax (BSI58) vessel. 5% total commission.

Supramax N. China trip to W. Africa

436

Baltic TC|Supramax|Skaw-Passero trip to US Gulf|S4B_58

Delivery Skaw-Passero range, laydays/cancelling 5/10 days from index date, redelivery US Gulf, duration 25-30 days. Basis the Baltic Standard Supramax (BSI58) vessel. 5% total commission.

Supramax Skaw-Passero trip to USG

438

Baltic TC|Supramax|South China trip via Indonesia to east coast India|S8_58

Delivery south China (Fuzhou-Fangcheng range including Taiwan), laydays/cancelling 5/10 days from index date, trip via Indonesia, redelivery east coast India (Chennai-Paradip range), duration 20-25 days. Basis the Baltic Standard Supramax (BSI58) vessel. Cargo basis coal. 5% total commission.

Supramax S. China trip via Indonesia to EC India

440

Baltic TC|Supramax|South China trip via Indonesia to south China|S10_58

Delivery south China (Fuzhou-Fangcheng range including Taiwan), laydays/cancelling 5/10 days from index date, trip via Indonesia, redelivery south China (Fangcheng-Fuzhou range), duration 20-25 days. Basis the Baltic Standard Supramax (BSI58) vessel. Cargo basis coal. 5% total commission.

Supramax S. China trip via Indonesia to S. China

432

Baltic TC|Supramax|US Gulf trip to China-south Japan|S1C_58

Delivery South West Pass, laydays/cancelling 3/10 days from index date, redelivery north China-South Japan (Shanghai-Tokyo bay range), duration 50-55 days. Basis the Baltic Standard Supramax (BSI58) vessel. 5% total commission.

Supramax USG trip to China-S. Japan

435

Baltic TC|Supramax|US Gulf trip to Skaw-Passero|S4A_58

Delivery US Gulf, laydays/cancelling 5/10 days from index date, redelivery Skaw-Passero range, duration 25-30 days. Basis the Baltic Standard Supramax (BSI58) vessel. 5% total commission.

Supramax USG trip to Skaw-Passero

437

Baltic TC|Supramax|West Africa trip via east coast South America to north China|S5_58

Delivery West Africa (Dakar-Douala range), laydays/cancelling 5/10 days from index date, trip via east coast South America, redelivery north China (Shanghai-Dalian range), duration 60-65 days. Basis the Baltic Standard Supramax (BSI58) vessel. 5% total commission.

Supramax W. Africa trip via EC S America to N.China

439

Baltic TC|Supramax|West Africa trip via east coast South America to Skaw-Passero|S9_58

Delivery West Africa (Dakar-Douala range), laydays/cancelling 5/10 days from index date, trip via east coast South America, redelivery Skaw-Passero range, duration 45-50 days. Basis the Baltic Standard Supramax (BSI58) vessel. 5% total commission.

Supramax W. Africa trip via EC S America to Skaw-Passero

170

Baltic TCA|Capesize|172k|C4TC

Derived value: C5TC-1,064

Capesize 172 Timecharter Average

169

Baltic TCA|Capesize|180k|C5TC

Timecharter Weighted Average: Sum(C8_14*0.25, C9_14*0.125, C10_14*0.25, C14*0.25, C16*0.125)

Capesize Timecharter Average

176

Baltic TCA|Handysize Bulker|28.5k|HS6TC

Derived value: HS7TC-1,966

Handysize 28 Timecharter Average

175

Baltic TCA|Handysize Bulker|38.2k|HS7TC

Timecharter Weighted Average: Sum(HS1_38*0.125, HS2_38*0.125, HS3_38*0.125, HS4_38*0.125, HS5_38*0.20, HS6_38*0.20, HS7_38*0.10)

Handysize Timecharter Average

171

Baltic TCA|Panamax Bulker|74k|P4TC

Derived value: P5TC-1,336

Panamax 74 Timecharter Average

172

Baltic TCA|Panamax Bulker|82.5k|P5TC

Timecharter Weighted Average: Sum(P1A_82*0.25, P2A_82*0.1, P3A_82*0.25, P4_82*0.10, P6_82*0.30)

Panamax Timecharter Average

173

Baltic TCA|Supramax|52k|S6TC

Derived value: S10TC-293

Supramax 52 Timecharter Average

174

Baltic TCA|Supramax|58k|S10TC

Timecharter Weighted Average: Sum(S1B_58*0.05, S1C_58*0.05, S2_58*0.20, S3_58*0.15, S4A_58*0.075, S4B_58*0.10, S5_58*0.05, S8_58*0.15, S9_58*0.075, S10_58*0.10)

Supramax Timecharter Average

16314

Baltic TCA|Supramax|S11TC

Spot timecharter earnings of a Supramax vessel derived from a weighted average of routes. The Baltic Standard Supramax (BSI63) vessel for Timecharter routes is a non-scrubber fitted vessel 63,500mt DWT on 13.418m SSW – TPC 61.4, Max 15 Years, Built Japan, LOA 199.98 M / Beam 32.24 M, GRAIN: 80,500cbm BALE: 76,200cbm, Cranes 4 x 30 MT with 4 x 12 CBM Grabs, 5 HO/HA, 14 knots on 29 mt laden, 25mt ballast. Marine Fuel Oil, no Marine Gas Oil at sea, 13 knots on 24 mt laden, 21mt ballast. Marine Fuel Oil, no Marine Gas Oil at sea, 12 knots on 20 mt laden, 17mt ballast. Marine Fuel Oil, no Marine Gas Oil at sea, 11 knots on 16.5 mt laden, 14mt ballast. Marine Fuel Oil, no Marine Gas Oil at sea. Timecharter Weighted Average = Sum(S1B_63*0.05, S1C_63*0.05, S2_63*0.15, S3_63*0.15, S4A_63*0.075, S4B_63*0.10, S5_63*0.05, S8_63*0.1, S9_63*0.075, S10_63*0.10, S15_63*0.10)

Supramax Timecharter Average

455

Baltic TCE|Aframax|Afra EC Mexico to US Gulf|TD26

70,000mt. EC Mexico to US Gulf (Dos Bocas or Cayo Arcas to Houston). Laydays/cancelling 5-10 days from index date. Age max 15 yrs. Assessment basis Oil Pollution Act premium paid. 3.75% total commission.

Dirty 70K East Coast Mexico to US Gulf

488

Baltic TCE|Aframax|Dirty Baltic to UK-Cont|TD17

100,000mt. Baltic to UK-Cont (Primorsk to Wilhelmshaven). Great Belt laden/ballast. Laydays/cancelling 10/20 days from index date. Double hull, age max 15 yrs. 3.75% total commission.

Dirty 100K Baltic to UK-Cont.

486

Baltic TCE|Aframax|Dirty Caribbean to US Gulf|TD9

70,000mt. Caribbean to US Gulf (Covenas to Corpus Christi). Laydays/cancelling 7/14 days from index date. Age max 15 yrs. Assessment basis Oil Pollution Act premium paid. 3.75% total commission.

Dirty 70K Caribbean to US Gulf

489

Baltic TCE|Aframax|Dirty Cross Mediterranean|TD19

80,000mt. Cross Mediterranean (Ceyhan to Lavera). Laydays/cancelling 10/15 days from index date. Age max 15 yrs. 3.75% total commission.

Dirty 80K Cross Mediterranean

485

Baltic TCE|Aframax|Dirty Kuwait to Singapore|TD8

80,000mt crude and/or DPP, heat 135F. Kuwait to Singapore (Mena al Ahmadi to Singapore). Laydays/cancelling 20/25 days from index date. Double hull, age max 15 yrs. 3.75% total commission.

Dirty 80K Kuwait to Singapore

484

Baltic TCE|Aframax|Dirty North Sea to Continent|TD7

80,000mt. North Sea to Continent (Hound Point to Wilhelmshaven). Laydays/cancelling 7/14 days from index date. Age max 15 yrs. 3.75% total commission.

Dirty 80K North Sea to UK-Continent

453

Baltic TCE|Aframax|Dirty Pacific Russia to China|TD24

100,000mt Russian Pacific to N China (Kozmino to Qingdao). Laydays/cancelling, 10-20 days from Index date. 3.75% total commission.

Dirty 100K Pacific Russia to China

487

Baltic TCE|Aframax|Dirty South East Asia to east coast Australia|TD14

80,000mt. South East Asia to East Coast Australia (Seria to Brisbane). Laydays/cancelling 21/25 days from index date. Double hull, age max 15 yrs. 3.75% total commission.

Dirty 80K South East Asia to east coast Australia

454

Baltic TCE|Aframax|Dirty US Gulf to Antwerp – Rotterdam - Amsterdam|TD25

70,000mt. USG to Amsterdam-Rotterdam-Antwerp range (Houston to Rotterdam). Laydays/cancelling 10/20 days from Index date. 3.75% total commission.

Dirty 70K US Gulf to UK-Continent

458

Baltic TCE|Handy Tanker|(Baltic to UK-Cont)|TD18

30,000mt fuel oil. Baltic to UK-Cont (Tallinn to Amsterdam). Laydays/cancelling 10/15 days from index date. Double hull, age max 15 yrs. 3.75% total commission.

Dirty 30K Baltic to UK-Continent

496

Baltic TCE|Handy Tanker|Algeria to European Mediterranean (CPP, UNL)|TC6

30,000mt CPP/UNL. Algeria to European Mediterranean (Skikda to Lavera). Laydays cancelling 7/14 days from index date. Age max 15 yrs. 3.75% total commission.

Clean Algeria to European Mediterranean

497

Baltic TCE|Handy Tanker|Baltic to UK-Cont. (CPP, UNL, ULSD)|TC9

30,000mt CPP/UNL/ULSD middle distillate. Baltic to UK-Cont (Primorsk to Le Havre). Laydays/cancelling 5/10 days from index date. Double hull, age max 15 yrs. 3.75% total commission.

Clean Baltic to UK-Cont.

16315

Baltic TCE|LPG|BLPG1-TCE

Timecharter Equivalent basis VLGC84 delivery Ras Tanura for a round voyage discharging Chiba. 2 days load. 2 days discharge. 0.5 day waiting.

TCE LPG Middle East Gulf to Japan

16316

Baltic TCE|LPG|BLPG2-TCE

Timecharter Equivalent basis VLGC84 delivery Houston for a round voyage discharging Flushing. 2 days load. 2 days discharge. 0.5 day waiting.

TCE LPG US Gulf to Cont.

16317

Baltic TCE|LPG|BLPG3-TCE

Timecharter Equivalent basis VLGC84 delivery Houston for a round voyage discharging Chiba. 2 days load. 2 days discharge. 0.5 day waiting.

TCE LPG US Gulf to Japan

480

Baltic TCE|LR1|Amsterdam to offshore Lome (CPP)|TC16

60,000mt CPP. A-R-A to West Africa (Amsterdam to offshore Lome). Laydays/cancelling 10/14 days from index date. Age max 15 years, 3.75% total commission.

Clean 60K ARA to Offshore Lome

479

Baltic TCE|LR1|Middle East Gulf to Japan (CPP, UNL, naphtha condensate)|TC5

55,000mt CPP/UNL naphtha condensate. Middle East Gulf to Japan (Ras Tanura to Yokohama). Laydays cancelling 30/35 days from index date. Age max 15 yrs. 3.75% total commission.

Clean Middle East Gulf to Japan

452

Baltic TCE|LR1|Middle East Gulf to UK-Cont. (CPP, UNL)|TC8

65,000mt CPP/UNL middle distillate. Middle East Gulf to UK-Cont (Jubail to Rotterdam). Laydays/cancelling 20/30 days from index date. Double hull, age max 15 yrs. 3.75% total commission.

Clean 65K Middle East Gulf to UK-Continent

478

Baltic TCE|LR2|Med / Far East (naphtha)|TC15

80,000mt naphtha. Mediterranean to Far East (Skikda to Chiba). Laydays/cancelling 15/25 days from index date. This route to be reported on a US$ lumpsum basis. Age max 15 yrs. 3.75% total commission.

Clean Mediterranean to Far East

477

Baltic TCE|LR2|Middle East Gulf to Japan (CPP, UNL, naphtha condensate)|TC1

75,000mt CPP/naphtha condensate. Middle East Gulf to Japan (Ras Tanura to Yokohama). Laydays/cancelling 30/35 days from index date. Age max 15 yrs. 3.75% total commission.

Clean Middle East Gulf to Japan

463

Baltic TCE|MR2|Amsterdam to Lagos (CPP)|TC19

37,000mt CPP, A-R-A to West Africa (Amsterdam to Lagos). Laydays/cancelling 5/10 days from Index date. Age max 15 years. 3.75% total comission.

Clean 37K ARA to West Africa

490

Baltic TCE|MR2|Continent to US Atlantic coast (CPP, UNL)|TC2_37

37,000mt CPP/UNL. Continent to US Atlantic coast (Rotterdam to New York). Laydays/cancelling 10/14 days from index date. Age max 15 yrs. 3.75% total commission.

Clean 37K UK-Continent to US Atlantic Coast

461

Baltic TCE|MR2|Middle East Gulf to East Africa|TC17

35,000mt Middle East Gulf to East Africa (Jubail to Dar es Salaam). Laydays/cancelling 10/20 days from index date. Age max 15 yrs. 3.75% total commission.

Clean 35K Middle East Gulf to East Africa

492

Baltic TCE|MR2|Sikka|WCI to Japan (naphtha)|TC12

35,000mt naphtha condensate. West coast India to Japan (Sikka (Jamnagar) to Chiba). Laydays/cancelling 7/14 days from index date. Double hull, age max 15 yrs. 3.75% total commission.

Clean West Coast India to Japan

459

Baltic TCE|MR2|Singapore to east coast Australia (CPP)|TC7

35,000mt CPP. Singapore to East Coast Australia (Singapore to Sydney). Laydays/cancelling 17/23 days from index date. Double hull, age max 15 yrs. 3.75% total commission.

Clean Singapore to East Coast Australia

460

Baltic TCE|MR2|South Korea to NoPac west coast (CPP/UNL)|TC10

40,000mt CPP/UNL. South Korea to West Coast North Pacific (Yeosu to Los Angeles). Laydays/cancelling 14/21 days from index date. Double hull, age max 15 yrs. 3.75% total commission.

Clean South Korea to North Pacific West Coast

491

Baltic TCE|MR2|South Korea to Singapore (CPP)|TC11

40,000mt CPP. South Korea to Singapore (Yeosu to Singapore). Laydays/cancelling 10/17 days from index date. Double hull, age max 15 yrs. 3.75% total commission.

Clean South Korea to Singapore

462

Baltic TCE|MR2|US Gulf to Brazil|TC18

38,000mt CPP/UNL US Gulf to Brazil (Houston to Santos), laydays/cancelling 6-12 days from Index date. Age max 15 years. 3.75% total commission.

Clean US Gulf to Brazil

493

Baltic TCE|MR2|US Gulf to Cont. (CPP, UNL, diesel)|TC14

38,000mt CPP/UNL/diesel. US Gulf to Continent (Houston to Amsterdam). Laydays/cancelling 6/12 days from index date. Age max 15 yrs. 3.75% total commission.

Clean 38K US Gulf to UK-Cont.

456

Baltic TCE|Panamax Tanker|Antwerp to Houston|TD12

See Baltic Exchange for a full definition

See Baltic Exchange for a full definition

457

Baltic TCE|Panamax Tanker|Caribbean to US Gulf (50,000mt fuel oil)|TD21

50,000mt fuel oil, Caribbean to US Gulf (Mamonal to Houston). Laydays/cancelling 7/14 days from index date. Double hull, age max 15 yrs. 3.75% total commission.

Dirty 50K Caribbean to US Gulf

475

Baltic TCE|Suezmax|Black Sea to Mediterranean|TD6

135,000mt. Black Sea to Mediterranean (CPC to Augusta). Laydays/cancelling 10/15 days from index date. Age max 15 yrs. 3.75% total commission.

Dirty 135K Black Sea to Mediterranean

451

Baltic TCE|Suezmax|Middle East Gulf to Mediterranean (Light Crude)|TD23

140,000mt. AG/Med (Basrah to Lavera). Laydays/cancelling 20/30 days from Index date, 3.75% total commission.

Dirty 140K Middle East Gulf to Mediterranean

476

Baltic TCE|Suezmax|West Africa to UK-Continent|TD20

130,000mt. West Africa to UK-Continent (offshore terminal Bony to Rotterdam). Laydays/cancelling 15-20 days from the index date. Age max 15 years. 82,000grt. 3.75% total commission.

Dirty 130K West Africa to UK-Cont.

474

Baltic TCE|VLCC|Middle East Gulf to China|TD3C

270,000mt. Middle East Gulf to China (Ras Tanura to Ningbo). Laydays/cancelling 15/30 days from index date. Age max 15 yrs. 3.75% total commission.

Dirty 270K Middle East Gulf to China

448

Baltic TCE|VLCC|Middle East Gulf to Singapore|TD2

270,000mt. Middle East Gulf to Singapore (Ras Tanura to Singapore). Laydays/cancelling 20/30 days from index date. Age max 15 yrs. 3.75% total commission.

Dirty 270K Middle East Gulf to Singapore

473

Baltic TCE|VLCC|Middle East Gulf to US Gulf|TD1

See Baltic Exchange for a full definition

See Baltic Exchange for a full definition

450

Baltic TCE|VLCC|US Gulf to China (assessed in US $/lumpsum)|TD22

270,000mt. USG/China (Galveston O/S lightering area to Ningbo). Laydays/cancelling 25/35 days from Index date. 3.75% total commission.

Dirty 270K US Gulf to China

449

Baltic TCE|VLCC|West Africa to China|TD15

260,000mt. West Africa to China (Serpentina FPSO and Bonny Offshore Terminal to Ningbo). Laydays/cancelling 20/30 days from index date. Double hull, age max 15 yrs. 3.75% total commission.

Dirty 260K West Africa to China

483

Baltic TCEA|Aframax|105k|A6TCE

Timecharter Equivalent Weighted Average: RoundedAverage (TD7-TCE, TD8-TCE, TD14-TCE, TD19-TCE, TD25-TCE & TD26-TCE)

Aframax Time Charter Equivalent

494

Baltic TCEA|MR2|Atlantic Basket|TC2 & TC14

MA2TCE is a Timecharter Equivalent Average on triangulation basis of TC2_37 TCE, TC14 TCE

MR Atlantic Basket

495

Baltic TCEA|MR2|Pacific Basket|TC11 & TC12

MP2TCE is a Timecharter Equivalent Average on triangulation basis of TC11 TCE, TC12 TCE

MR Pacific Basket

482

Baltic TCEA|Suezmax|160k|S2TCE

Timecharter Equivalent Weighted Average: Average(TD6-TCE, TD20-TCE)

Suezmax Time Charter Equivalent

481

Baltic TCEA|VLCC|300k|V2TCE

Timecharter Equivalent Weighted Average: Average (TD3C-TCE, TD15-TCE & TD22-TCE)

VLCC Time Charter Equivalent

418

Baltic Voyage|Capesize|Bolivar to Rotterdam|C7

Bolivar to Rotterdam. 150,000mt or 160,000mt coal, 10% more or less in owner's option, free in and out, trimmed. Laydays/cancelling 20/35 days from index date. 50,000mt, sundays + holidays included load, 25,000mt Sundays + holidays included discharge. 12 hrs turn time at loading port, 12 hrs turn time at discharge port. Age max 15 yrs. 5% total commission.

Capesize Bolivar to Rotterdam

419

Baltic Voyage|Capesize|Saldanha Bay to Qingdao|C17

Saldanha Bay to Qingdao. 170,000mt iron ore 10% more or less in owner's option, free in and out trimmed. Laydays/cancelling 20/30 days from index date. 90,000 Sundays + holidays included load / 30,000 Sundays + holidays included discharge. 18 hrs turntime at loading port, 24 hrs turntime at discharge port. Max age 18 yrs. 5% total commission.

Capesize Saldanha Bay to Qingdao

416

Baltic Voyage|Capesize|Tubarao to Qingdao|C3

Tubarao to Qingdao. 160,000mt or 170,000mt iron ore, 10% more or less in owner's option, free in and out. Laydays/cancelling 20/30 days from index date. Scale load/30,000mt sundays + holidays included discharge. 6 hrs turn time at loading port, 24 hrs turn time at discharge port. Age max 18 yrs. 5% total commission.

Capesize Tubarao to Qingdao

415

Baltic Voyage|Capesize|Tubarao to Rotterdam|C2

Tubarao to Rotterdam. 160,000lt iron ore, 10% more or less in owner's option, free in and out. Laydays/cancelling 20/30 days from index date. 6 days, sundays + holidays included all purposes. 6 hrs turn time at loading port, 6 hrs turn time at discharge port, 0.5% in lieu of weighing. Freight based on long tons. Age max 18 yrs. 5% total commission.

Capesize Tubarao to Rotterdam (long tons)

417

Baltic Voyage|Capesize|West Australia to Qingdao|C5

West Australia to Qingdao. 160,000mt or 170,000mt iron ore, 10% more or less in owner's option, free in and out. Laydays/cancelling 12/17 days from index date. Scale load/30,000mt sundays + holidays included discharge. 6 hrs turn time at loading port, 24 hrs turn time at discharge port. Age max 15 yrs. 5% total commission.

Capesize West Australia to Qingdao

430

Baltic Voyage|Panamax Bulker|Japan-S Korea Transpacific round voyage|P3A_03

Derived value: P3A_82-1,302

Panamax 74 Japan-S. Korea Transpacific round voyage

427

Baltic Voyage|Panamax Bulker|Santos to Qingdao|P8

Santos to Qingdao (min 13m arrival draft). 66,000mt HSS, 10% more or less in owner’s option, free in and out, trimmed. 8,000mt Saturdays, Sundays + holidays excluded loading, 8,000mt Saturdays, Sundays + holidays excluded discharge. 24 hrs turn time at loading port, 12 hrs turn time at discharge port. Loading 30/35 days from index date. Age max 15 years. 5% total commission.

Panamax Santos to Qingdao grain

428

Baltic Voyage|Panamax Bulker|Skaw-Gib transatlantic round voyage|P1A_03

Derived value: P1A_82-1,284

Panamax 74 Skaw-Gibraltar transatlantic round voyage

429

Baltic Voyage|Panamax Bulker|Skaw-Gib trip to Taiwan-Japan|P2A_03

Derived value: P2A_82-1,489

Panamax 74 Skaw-Gibraltar trip to Taiwan-Japan

426

Baltic Voyage|Panamax Bulker|USG to Qingdao|P7

Mississippi river to Qingdao (min 13m arrival draft). 66,000mt HSS, 10% more or less in owner’s option, free in and out, trimmed. 10,000mt Saturdays, Sundays + holidays excluded loading, 8,000mt Saturdays, Sundays + holidays excluded discharge. 24 hrs turn time at loading port, 24 hrs turn time at discharge port. Loading 10/20 days from index date. Age max 15 years. 5% total commission.

Panamax USG to Qingdao grain