In connection with the introduction of the Turkish authorities complicated the registration procedure for import of the Russian grain Freighters, some doubted whether they will be able to be sent.

When the ship with grain comes to Turkish ports by the date of the bill of lading later 09.10.2017 and customs authorities are not allowed to carry out the unloading, the ship converted into a floating "grain warehouse". For unloading the goods need legalized invoice, which can be obtained by accreditation of the company-shipper to export.
For accreditation it is necessary to collect documents and to assure the Consulate/representative office of Turkey, but on this account there is no clear instructions from the Turkish Government.

Many ship-Owners were in limbo, not knowing whether held current flight or it will be Cancelleria. As a result, the Owners begin to work with the following cargo, and later it turns out that the ship will not be kanalirovaniya. All this leads to mutual misunderstanding and financial loss to the Charterers.

FORECASTS. According to the Shipowners freight rates will go up, because the region continues to have excess supply of goods in different directions. Shipowners believe that even if the number of shipments to Turkey will decrease, they can easily find alternative flights at high rates.

Charterers believe that freight rates will inevitably go down, because the number of shipments to Turkey will fall, and resale of grain, which was originally planned to be sent to Turkey, to third countries is associated with additional difficulties and costs. The quantity ready for shipment of the consignment will fall, the amount of free tonnage to grow, freight rates will go down accordingly.

According to information from traders, a week and a half after the announcement of the new rules of documentation for grain bound for Turkey, to avoid the risks Turkish importers managed to contract about 600 thousand tons of wheat from alternative suppliers (Ukraine, Romania, France), which is equivalent to two months ' normal supply from the Russian ports. This means that in the next 2 months, even if you cancel the new documentation requirements, activity Turkish importers will be significantly reduced, which will directly affect the reduction rates of the freight market in the region.