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A forward freight agreement ( FFA) is a financial forward contract that allows ship owners, charterers and speculators to hedge against the volatility of freight rates. It gives the contract owner the right to buy and sell the price of freight for future dates. FFAs are built on an index composed of a shipping route for tanker or a basket of routes for dry bulk, contracts are traded ‘over ...
The international shipping industry can be divided into four closely related shipping markets, each trading in a different commodity: the freight market, the sale and purchase market, the newbuilding market and the demolition market. These four markets are linked by cash flow and push the market traders in the direction they want.
Freemasonry or Masonry refers to fraternal organisations that trace their origins to the local guilds of stonemasons that, from the end of the 14th century, regulated the qualifications of stonemasons and their interaction with authorities and clients. Modern Freemasonry broadly consists of two main recognition groups: Regular Freemasonry ...
ISO 3166-1 ( Codes for the representation of names of countries and their subdivisions – Part 1: Country codes) is a standard defining codes for the names of countries, dependent territories, and special areas of geographical interest. It is the first part of the ISO 3166 standard published by the International Organization for Standardization .
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Wikipedia [c] is a free content online encyclopedia written and maintained by a community of volunteers, known as Wikipedians, through open collaboration and the wiki software MediaWiki. Wikipedia is the largest and most-read reference work in history, [3] [4] and is consistently ranked among the ten most visited websites; as of April 2024, it was ranked fourth by Semrush, [5] and seventh by ...