Baltic Freight Index

Baltic Freight Index

An index tracking futures contracts on goods being shipped internationally. It was used to settle contracts traded on the now defunct Baltic International Freight Futures Exchange.
References in periodicals archive ?
The underlying asset of BIFFEX contracts, the Baltic Freight Index (BFI), is a weighted average of the spot prices from eleven shipping routes.
The underlying asset, which is delivered at the settlement date, is the cash value of a freight-rate index, originally known as the Baltic Freight Index (BFI), now superseded by the Baltic Panamax Index (BPI).
The Baltic Freight Index (an index compiled by The Baltic Exchange to measure freight rates in the dry bulk cargo market) during the third quarter of 2004 averaged 4027 points or 10 percent lower than the average of 4478 during the first six months of 2004.
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