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Hi all, welcome to this session on commodity derivatives and risk management and if you recall we were discussing about different aspect of this index creation that is a freight index creation, which gets reported by the Baltic Exchange. And if you recall, we discussed these different indices and I was discussing about the capesize index detail and this as you I mean as if you can recall this, we discussed that for a particular index, you will have different routes which has been identified by the index committee and besides the routes, the actual price quotation that is the rate at which shippers and charterers are renting out ships in these in these routes are collected from the ship brokers. And who are these ship brokers, Baltic Exchange capesize index panelist. If you can see this is the panelist which has already been identified by the Baltic Exchange as the panelist who are going to give their price information to the exchange for calculation of your capesize index. Now, let us