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WORLDSCALE

Worldscale

Unified system of establishing payment of freight rate for a given oil tanker's cargo

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

Worldscale

Oil tanker

Ship that carries petroleum

often referred to as Worldscale, is established and governed jointly by the Worldscale Associations of London and New York. Worldscale establishes a baseline

Oil tanker

Oil_tanker

Shipbroking

Financial service, which forms part of the global shipping industry

for crude oil tanker charters are most commonly based on the Worldscale Index; the Worldscale Association publishes flat rates annually. For some specific

Shipbroking

Chartering (shipping)

Activity within the shipping industry

over a certain route (e.g. for iron ore between Brazil and China), in Worldscale points (in case of oil tankers). Alternatively may be expressed in terms

Chartering (shipping)

Chartering_(shipping)

Baytown Refinery

ExxonMobil oil refinery in Texas

refinery site has two electricity generating power plants. The site has 3 worldscale ethylene cracking plants with the newest being commissioned in 2018 with

Baytown Refinery

Baytown_Refinery

Freight rate

Cost of transporting goods

find some Freight Rates for some types of trucks and several regions. Worldscale, a unified system of establishing payment of freight rate for a given

Freight rate