| 1:00 PM - 1:30 PM | 
 REGISTRATION  | 
| 1:30 PM - 1:45 PM | 
WELCOME REMARKS - by: Mr. Nicolas Bornozis, President, Capital Link, Inc.  Capital Link Maritime Indices | 
| 1:45 PM - 2:00 PM | 
INTRODUCTION - by: Mr. Jeremy Penn, CEO, Baltic Exchange | 
| 2:00 PM - 2:15 PM | 
INTRODUCTION to FFAs - by: Mr. Duncan Dunn, Senior Director, SSY Futures   | 
| 2:15 PM - 2:30 PM | 
"If the Shipping Fundamentals are so weak, why is the curve so strong?" - by: Mr. Alex Gray, CEO, Clarksons Securities | 
| 2:30 PM - 3:15 PM | 
SECTOR PANEL: DRY BULK DERIVATIVES
   Moderated by: Mr. Mark Jackson, Chairman, Baltic Exchange
   Mr. Ian Staples, Broker, Freight Investor Services  Mr. Eddie Poe, Pasternak, Baum & Co., Inc  Mr. Michael McClure, Senior Vice President of Corporate Affairs, Navios Maritime Holdings Inc.  Mr. Demetris Nenes, Vice President of Business Development, OceanFreight Inc.  Mr. Philippe van den Abeele, Managing Director, Castalia Fund Management  Mr. Alex Gray, CEO, Clarksons Securities  Ms. Isabella Kurek-Smith, Director, Head of Energy and Freight, LCH.Clearnet | 
| 3:15 PM - 3:30 PM | 
BREAK | 
| 3:30 PM - 4:15 PM | 
SECTOR PANEL: TANKER DERIVATIVES 
   Moderated by: Mr. Per Heilmann, Vice President, Risk Management and Information Technology, Heidmar Inc (and Chair of Baltic Exchange Tanker Users' Group) 
   Mr. Andre Berry, Director, SSY Futures (and Chair of Tanker FFA Brokers' Association)  Mr. Scott Moncrieff, Director, Commodities Trading, Merrill Lynch  Mr. Philippe van den Abeele, Managing Director, Castalia Fund Management  Mr. Morten Erichsen, Managing Director, NOS Clearing ASA  Mr. Mike Reardon, VP Research and Marketing, IMAREX   Mr. James Ronan, Desk Manager, ACM-GFI-McQuilling | 
| 4:15 PM - 4:30 PM | 
Trading Freight and Related Commodities Electronically 
  Mr. Daniel Smith, Head of Broker Systems,  Trayport Limited   | 
| 4:30 PM - 4:45 PM | 
The Legal and Regulatory Aspects of FFAs  
   Mr. Brian Perrott, Partner,  Holman Fenwick Willan LLP   Mr. Andrew Mark Johnstone, Consultant,  Holman Fenwick Willan LLP | 
| 4:45 PM - 5:00 PM | 
Accounting and Auditing Issues of FFAs  
   Ms. Amie N. Thuener, Director, PricewaterhouseCoopers | 
| 5:00 PM - 5:15 PM | 
Centralized Clearing in the Freight Derivatives Market  
   Mr. Joseph Raia, Managing Director, CME Group | 
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