Define the following key terms and provide examples where appropriate. The examples provided could possibly satisfy the external resources component of the report. 1) Baltic Exchange 2) Bunker 3) Hold

I need two pages answering the following and that should based on the file in the attachments
Key Terms
Define the following key terms and provide examples where appropriate. The examples provided could possibly satisfy the external resources component of the report.

1) Baltic Exchange
2) Bunker
3) Hold

Question:
– What are advantages / disadvantages of flying the flag of a developed versus a developing country?