December 30, 2024 [Insights Global & PJK International] – Insights Global / PJK International has successfully concluded its second external assurance review of its benchmark prices for ARA CPP and Rhine Barge Freight Rates.

The independent review, conducted by an external auditing firm, assessed the policies and processes used by Insights Global / PJK International to evaluate oil product transportation costs via inland barges in Northwest Europe.

These policies and processes were developed in alignment with the Principles for Price Reporting Agencies (PRAs) established by the International Organization of Securities Commissions (IOSCO) in October 2012. Recognized by the G20 in November 2012, the IOSCO PRA Principles have been incorporated into the EU Benchmark Regulation (BMR).

These principles set comprehensive standards for governance, quality, integrity, control, and conflict management for commodity benchmark price assessments. Compliance with these standards requires annual external audits.

Insights Global’s price assessment methodologies and policies are available here, on our Daily Rhine and ARA Barge Freight Rates Report page.

The audit report can be provided upon request > info@insights-global.com.