What should I pay attention to when referring to the freight rate index in the actual charter negotiation?

There are two main reasons for using the World Tanker Freight Index in trading negotiations. First of all, it is a reference standard. As long as the rate standard of a world tanker freight index is WS 100, all other rates are expressed as a percentage of this figure. Secondly, it can save a lot of energy in transaction negotiation involving multiple selected ports.

The World Tanker Price Table lists the standard freight rate for each tanker route, namely WS, calculated in US dollars per ton. For example, the transaction freight from Port A to Port B is WS50%, which is WS50%. We can find the WS value of this route from the freight table. Assuming it is 10 USD/ton, the actual freight is 10x50% = 5 USD/ton. The oil tanker price list is revised once a year, published in February, 65438, and takes effect in the following year 10.

It is not without advantages to master chartering rights, and sometimes holding chartering rights will bring extra risks and burdens. For example: 1. Futures risk of freight. For example, the CIF seller's CIF price has included the transportation cost when concluding the trade contract. However, when the trade contract was fulfilled a few months later, it was found that the shipping market was booming and the shipping cost was much higher than when the trade contract was concluded before. The seller can only bear the extra cost and cannot pass it on to the buyer. In this case, it is necessary to test the ability of CIF sellers to predict transportation costs. If you are not familiar with the shipping market, mastering the chartering right will only bring you unfavorable variables. In September 2003, the world shipping market soared. In a month, the Baltic freight index soared by more than 1000 points, exceeding everyone's forecast. Since then, the market has not fallen back, but it reached an all-time high in early February this year. During this period, the merchants in charge of chartering ships were frantically grabbing ships in the market, and the freight rate was so high that they were frightened. Most of the original wishful thinking failed, and many people even posted it backwards.

The freight rate index mainly includes:

China coastal (bulk) freight index

(China Coastal Bulk Freight Index)

Baltic dry bulk freight index

(Baltic dry bulk index)

Panama Ship Coal Freight Statistics

(Panama coal route)

Baltic Panama freight index

(Baltic Panama Index)

Baltic cape of good hope index

(Baltic Cape of Good Hope Index)

Baltic convenience ship freight index