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Date: 20 July 2008
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Worldscale  

Details of Worldscale

An index which represents the cost of time chartering a tanker for a specific voyage at any given time. The index is given at Worldscale 100, which represents the price in dollars per ton for carrying the oil at that rate. The negotiated rate will be some percentage of the index value.1

The term is used in the context of maritime liquid bulk trade, and tanker charter pricing


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