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what is the meaning Baltic Exchange in maritime law and international law

The Baltic Exchange is a membership organisation at the heart of the global
maritime marketplace. It provides independent daily shipping market information,
maintains professional shipbroking standards and resolves disputes.
Baltic Exchange members are at the heart of world trade, arranging for
the ocean transportation of industrial bulk commodities from producer to
end user. The bulk freight market relies on the co- operation of shipbrokers,
shipowners and charterers to ensure the free flow of trade.
Baltic Exchange shipbrokers undertake to abide by a code of business
conduct based on the motto “Our Word Our Bond” and those who breach
the code are disciplined or expelled.

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