Worldscale

Worldscale is a unified system of establishing payment of freight rate for a given oil tanker's cargo. Worldscale was established in November 1952 by on the request of British Petroleum and Shell as an average total cost of shipping oil from one port to another by ship. A large table was created as result. Following are some samples.

Worldscale

Worldscale is a unified system of establishing payment of freight rate for a given oil tanker's cargo. Worldscale was established in November 1952 by on the request of British Petroleum and Shell as an average total cost of shipping oil from one port to another by ship. A large table was created as result. Following are some samples.