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Baltic exchange
Baltic exchangeEstablished in 1744, the Baltic Exchange is the world's oldest shipping market. A large part of the world's open market bulk cargo chartering is negotiated by some members of the Baltic Exchange and much of the world's sale and purchase business is transacted through its brokers. It publishes a daily dry cargo index that is the basis of the freight futures market and is used in order to hedge against movements in freight rates. RELATED TERMS-------------------------------------- Market A public place appointed by public authority, where all sorts of things necessary for the subsistence, or for the conveniences of life, are sold. Large Broad; extensive; unconfined. The opposite of strict, narrow, or confined. At large, at liberty Bulk Contracts. Said to be merchandise which is neither counted, weighed, nor measured. Cargo Maritim law. The entire load of a ship or other vessel. Members English law. Places where a custom-house has been kept of old time, with officers or deputies in attendance; and they are lawful places of exportation or importation. Sale Contracts. An agreement by which one of the contracting parties, called the seller, gives a thing and passes the title to it, in exchange for a certain price in current money, to the other party, who is called the buyer or purchaser, who, on his part, agrees to pay such price. Purchase In its most enlarged and technical sense, purchase signifies the lawful acquisition of real estate by any means whatever, except descent. It is thus defined by Littleton, section 12. "Purchase is called the possession of lands or tenements that a man hath by his own deed or agreement, unto which possession he cometh, not by title of descent from any of his ancestors or cousins, but by his own deed." Freight Maritim law, contracts. The sum agreed on for the hire of a ship, entirely or in part, for the carriage of goods from one port to another; note; but in, its more extensive sense it is applied to all rewards or compensation paid for the use of ships. Order An instruction rightfully given by someone superior in hyerarchy. Also, a social state of civil coexistance without widespread public violence. SIMILAR TERMS-------------------------------------- PREVIOUS AND NEXT TERMS-------------------------------------- Baliva A bailiwick or jurisdiction. Balivo amovendo English practice. A writ to remove a bailiff out of his office. Ballastage Martial law. A toll paid for the privilege, of taking up ballast from the bottom of the port. This arises from the property in the soil. Ballot Government. A diminutive ball, a little ball used in giving votes; the act itself of giving votes. A little ball or ticket used in voting privately, and, for that purpose, put, into a box, (commonly called a ballot-box,) or into some other contrivance. Balnearii Civil law. Stealers of the clothes of person who were washing in the public baths. Baltic exchange Ban A proclamation, or public notice any summons or edict by which a thing is forbidden or commanded. Banc Banc or Bank. The first of these is a French word signifying bench, pronounced improperly bank. Banco A commercial term, adopted from the Italian, used to distinguish bank money from the common currency; as $1000. Bandit A man outlawed; one who is said to be under ban. Bane This word was formerly used to signify a malefactor. We thank you for using the Juridical Dictionary to search for Baltic exchange. If you have a better definition for Baltic exchange than the one presented here, please let us know by making use of the suggest a term option. This definition of Baltic exchange may be disputed by other professionals. Our attempt is to provide easy definitions on Baltic exchange and any other medical topic for the public at large.
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