Baltic Exchange Circular 15/17 (7 April 2017)
It has been suggested that the laycan for the LPG route should be reduced to 10-30 days from Index date.
We would greatly appreciate your feedback prior to 25 April 2017 in order to make a suitable recommendation to the Baltic Index Advisory Council (BIAC) for their approval as to the appropriate laycan for this route. Please note the current description is below.
44,000mt, 5% more or less in owner’s option, 1 to 2 grades, fully refrigerated liquefied petroleum gas, laydays/cancelling 10-40 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
The Baltic is also inviting your feedback to change the BFA LPG reporting to a Broker weighted curve calculated on the market share of the assessing panellists (which will be based on data provided by the clearing houses).
We would greatly appreciate your comments and feedback prior to 25 April 2017 in order to make a suitable recommendation to BIAC for their approval.
If there is consensus regarding these changes and provided the Baltic Index Advisory Council (BIAC) approve them, then the intention would be to introduce the changes on 2 October 2017, unless there is a consensus for a different start date, so please contact us with your point of view.
Any questions or comments should be directed to firstname.lastname@example.org