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Worldscale was established in November 1952 by London Tanker Brokers' Panel 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. The same scale is used today, although it was merged with the American Tanker Rate Schedule (ATRS) in 1969.
An oil tanker, also known as a ... The freight rate of a tanker charter party is specified in one of four ways: ... The main discharge ports were located in North ...
II.) the instantaneous rate of discharge of oil content does not exceed 60 litres (13 imp gal; 16 US gal) per 1 mile (1.6 km) Discharge of oil or oily mixture from a ship, other than tankers is prohibited unless I.) oil content of the discharge is less than one hundred parts per one million parts of the mixture
SINGAPORE (Reuters) -A tanker subject to the new U.S. sanctions is discharging Russian oil at a port operated by Shandong Port Group in east China, shipping data on LSEG Eikon showed on Thursday.
Fuel tankers earned more than $40,000 a day for the last 14 weeks as a result of strong appetite for fuels and longer trading routes.
In some cases, a charterer may own cargo and employ a shipbroker to find a ship to deliver the cargo for a certain price, the freight rate. Freight rates may be on a per-ton basis 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 of a total ...
The United States has clarified to India that tankers loaded with Russian oil have to discharge by Feb. 27 under the latest sanctions targeting Moscow's oil revenue, India's oil secretary Pankaj ...
The second part of the oil record book is for cargo/ballast operations and this part only needs to be filled out by crew members aboard oil tankers. [ 2 ] Entries shall be made in the oil record book on each occasion, on a tank to tank basis if appropriate, whenever any of the following machinery space operations take place on any ship to which ...
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