Before revision: Freight derivatives Freight derivatives, which includes Forward Freight Agreement (FFA), container freight swap agreements, container freight derivatives, physical-deliverable freight derivatives, and options based on these, are financial instruments for trading in future levels of freight rates, for dry bulk carriers, tankers and containerships.
After revision: Freight derivatives Freight derivatives, which includes forward freight agreements (FFA), container freight swap agreements, container freight derivatives, physical-deliverable freight derivatives, and options based on these, are financial instruments for trading in future levels of freight rates, for dry bulk carriers, tankers and containerships.