IMOS - Trade Route

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Trade Routes are typically defined by the market (by the data provider) or by your internal risk management team. Trade Routes are based on Vessel Type and have different units of measure ($/day, $/ton, $/mt, or Worldscale), usually based on the area or the start and end points of the itinerary.

On the Trading menu , under Data, click Trade Route.

Open

The trade routes are universal for all markets specified as Freight.

Before a Trade Route is defined, ensure that the Market and Market Index exist for the specific route.

Note: Ensure that the values in the "Settlement Route“ and "Spot Route“ columns match the Baltic route ID.

Adding Calculated Routes

You can also add calculated routes:

1. Select the Calculated check box.

2. Type in the formula in the Formula field.
   Examples:

   • AVG (Route1,Route2,Route3) 

     • Example: AVG (P2A,P2EA)

   • Factor1 * Route1 +/- Factor2 * Route2 +/- Factor3 * Route3 

     • Example: 0.6 * 4TC_P - 0.4 * P17A

   • Factor1 * $ / TonRoute - Factor2 * BunkerSymbol1 - Factor3 * BunkerSymbol2 - Factor4 

     • Example: 1143 * LPG - 42 * SPO380FO - 0.1 * SPOMGO - 2549

For calculated routes that have been used to define the exposure details on a TC contract, you can check the Split check box to split the TC exposure across the routes that are defined in the formula for the route.