Baltic members are reminded that following the November Working Group meetings and as a supplement to the feedback that the Baltic collected during 2018, that they may submit any further feedback through written responses to a consultation paper.
Details of how to respond are set out in the consultation paper, which is available to members from our website. The Baltic requests all comments by 22 February 2019.
The paper briefly summarises the feedback received by the Baltic through its consultation process to date (which remains ongoing). At the end of the consultation period, the Baltic will collate all feedback received during the consultation process and submit such feedback to the Baltic Index Council (BIC) for its consideration. The BIC is then responsible for determining whether any changes are required to the Baltic’s indices as a result of the proposed introduction on 1 January 2020 of the 2020 Sulphur Cap.
The BIC’s decision is currently expected to be announced within the first quarter of 2019.