RULES

Management of the Association

1. The management of the Association shall be by Council of a minimum of four (4) members, which may, on the recommendation of the Council to any General Meeting, be increased as agreed. All decisions of the Council shall be final without right of appeal.

2. Nominations for the election of candidates to fill vacancies on the Council shall be given in writing to the Council before the Annual General Meeting.

3. Secondment to the Council may be filled by the Council by appointment. Any members so appointed shall retain his office only until the next Council election but he shall then be eligible for re-election.

4. The Chairman and the Deputy Chairman of the Association will be elected every two years by the Council, from its members, at the first Meeting following the Annual General Meeting and the Chairman shall preside at Council and General Meetings. In the absence of the Chairman from Council or General Meetings the appointed Deputy Chairman will chair the Meeting

5. The Council shall meet once a month for the conduct of business. Four shall be a quorum. Questions arising at any Meeting shall be decided by a majority of votes. In case of an equality of votes the Chairman shall have second or casting vote.

6. If any member of the Council shall, for a period of three consecutive months, fail to attend Meetings of the Council without special leave of the Council (which shall be granted in the case of illness, or any other reasonable leave of absence) he shall, on the expiration of three months from the date of the first such Meeting which he has failed to attend, cease to be a member of the Council at the discretion of the Council members.

7. The Council has power to censure, suspend or expel from the Association a member, who in its opinion, has acted or is acting in a manner detrimental to the interests of the Association and/or its members, or who should have failed to comply with any decision of the Council in pursuance of the Objects and Rules of the Association. Provided that before any member is censured, suspended or expelled, an opportunity shall be afforded to such member of giving an explanation to the Council.

8. A member expelled shall from the date of the resolution of expulsion cease to be a member.

9. Membership of the Association does not carry with it the rights and privileges of the members of the Baltic Exchange, except that in their own right members are also members of the Baltic Exchange.

DOWNLOAD A MEMBERSHIP APPLICATION FORM HERE