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The Baltic Code


Year: 2014
Language: english
Author: The Baltic Exchange Ltd
Genre: Convention (rules)
Format: PDF
Quality: eBook
Pages count: 52
Description: The motto of the Exchange - ‘Our Word Our Bond’ - captures the importance of ethics in
shipping. Members need to rely on each other and, in turn, on their principals, for contracts
verbally expressed and only subsequently confirmed in writing. The terms of a contract,
whether oral or written, are therefore considered sacrosanct and ethical business practice
is an essential commitment of Baltic Members. In addition the Directors have highlighted
certain matters which are worthy of close attention from members of the Baltic Exchange,
and have given the following guidance on required standards.

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