THE BALTIC CODE 2014
|Author(s)||The Baltic Exchange|
|Publisher||The Baltic Exchange|
The present publication contains the Baltic Code which is considered to be one of the vital documents setting out the standards; subject recognized standards are expected from the members of the Baltic Exchange. The publication starts with the introduction and general info on the Baltic Exchange, followed by chapter dedicated to the ethics and market practice. The next chapter provides some guidance to the modern shipping market practice together with the relevant terminology. After that, several chapters come dealing with the chartering and associated negotiations, chartering of the tankers, relevant disputes, ship sales and purchases. The closing chapters of the volume address the insurance matters, freight derivatives and associated organizations. This formal paper was initially released many years ago in 1983 and substantially revised in 2012. It has been arranged in three major sections. We would particularly recommend the section containing the short yet very comprehensive introductory guide to the shipping practice of today since it has already been found very useful by the Baltic members. At the time when this volume was compiled, Baltic members did represent their interests through more than six hundred companies operating all around the world. Have a look into this paper in order to be aware of the information definitely useful to any participant of the shipping industry.
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