“World scale” beneficial for owners
World Scale Average Freight Rate Assessment (AFRA)
Tag: WORLD SCALE
Charter Party
What is a liner trade and how is it different from a tramp trade Liner trade is a trade where a ship is operated on one or more fixed routes with advertised and scheduled sailing. True passenger liners operating on ocean services were mostly displaced in the 1960s by jet airliners. Today, very few long-haul…
World Scale & AFRA Scale
World Scale 1. World Scale is the “World Tanker Nominal Freight Scale” and is a schedule of freight rates applying to tankers carrying Oil in bulk. 2. Nominal means that the freight rates which world scale provides are intended solely as a standard of reference. 3. World Scale is available on a yearly subscription basis….