Baltic Exchange: New tanker routes commencing Public Trial reporting

The Baltic Index Council (BIC) has approved moving to Public Trial reporting for five new tanker routes from Monday 7 January 2019.

The five routes had been on private trial since 22 October 2018.

TD22 – VLCC 270,000mt USG/China (Galveston O/S lightering area to Ningbo), loading 25-35 days from Index date. 3.75% total comm. [assessed in $ lumpsum]

TD23 – Suezmax 140,000mt light AG/Med (Basrah to Lavera), loading 20-30 days from Index date, 2.5% total comm.

TD24 – Aframax 100,000mt Russian Pacific/China (Kozmino to Qingdao), 10-20 days from Index date, 2.5% total comm. [Published with BITR Asia]

TD25 – Aframax 70,000mt USG/Med (Corpus to Trieste), loading 10-20 days from Index date. 2.5% total comm.

TC17 – MR 35,000mt AG/E Africa (Ras Laffan to Dar es Salaam), loading 15-25 days from Index date, 3.75% total comm.

After a suitable period of satisfactory Public Trial reporting, the Baltic Exchange will request approval from the BIC to go live on these routes.
Source: The Baltic Exchange