About this document
Understanding Worldscale in Shipping by Arun Ketu Seth is a document available to read on EtoBox.
The document summarizes the history and methodology behind Worldscale, the system used to calculate standardized freight rates for tanker vessels. It originated during WWII when governments paid vessel owners a daily hire rate. Rates were set so the net daily revenue from various voyages equaled the daily hire. This "equivalent daily hire" principle guides Worldscale today. Standard vessel specifications, costs, and calculations are used to determine the WS100 rate for over 60,000 port combinations annually
- Author
- Arun Ketu Seth
- Language
- EN