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All main topics / Naval Architecture / Marine Transport and Economics / 16 Shipping Abbreviations
WORLDSCALE is a schedule of nominal freight rates intended to be used as a standard of reference to compare rates for all voyages and market levels. The oil maritime transportation industry uses the WORLDSCALE rates to express the market level in terms of percentage of the WORLDSCALE nominal freight rate. As an example WORLDSCALE 100 (or WORLDSCALE FLAT as some times is referred) means the rate as calculated and published by the WORLDSCALE Associations. WORLDSCALE 175, or WS 175 as most often is used, means 175 per cent of the published rate, and WS 75 means 75 percent of that rate.
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Flashcard info:
Author: andersson.j
Main topic: Naval Architecture
Topic: Marine Transport and Economics
School / Univ.: Chalmers
City: Gothenburg
Published: 15.10.2009




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