Freight

NOS Clearing ASA launched the clearing service for the freight market in 2001. We provide clearing of multiple dry and tanker freight derivatives contracts. These contracts are linked to standard voyages and standard types of ships.

By offering cleared freight derivatives, NOS offers an effective hedging tool to the shipping industry and the cargo owners/buyers as well as trading opportunities to financial investors. Through clearing you have several positive effects on risk management and operations:

• Guaranteed delivery, extremely low credit risk
• Elimination of credit assessment of counterparties and valuation of receivables
• Effective book-keeping, single counterparty, single account, single cashflow, all reports and risk management control through systems offered by NOS
• Anonymous trading
• Effective pricing, financial investors prefer cleared markets