Can anyone become a member of the Baltic Exchange?
Membership of the Exchange is open to anyone involved in shipping and its associated business provided they meet the entrance requirements. Social membership is open to individuals or companies wishing to enjoy discounted use of the Exchange’s dining and meeting facilities. Back to top • Can trade associations become members of the Exchange? Yes. There are currently 31 trade associations in membership. They include for example BIMCO, the Baltic Air Charter Association, Association of Average Adjusters and the Hong Kong Shipowners Association. Back to top • What is a Forward Freight Agreement? Forward Freight Agreements (FFAs) offer shipowners and operators, charterers and traders a means of protecting themselves against the volatility of freight rates. Broadly defined, it is taking a position in a futures (paper) market as a substitute for a forward cash (physical) transaction. Back to top • What role does the Baltic’s Freight Indices and Futures Committee fulfill? The Freight Indices
