The Worldscale Association has set lower flat tanker rates for 2014, i.e. rates for port-to-port tanker routes, considered as nominal freight rates. Flat rates are published on a dollar per metric ton basis, reflecting the various costs associated with calling a particular combination of ports. The spot market convention of Worldscale rate is a percentage of the
The Worldscale Association has set lower flat tanker rates for 2014, i.e. rates for port-to-port tanker routes, considered as nominal freight rates. Flat rates are published on a dollar per metric ton basis, reflecting the various costs associated with calling a particular combination of ports. The spot market convention of Worldscale rate is a percentage of the
