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Tanker brokers similarly negotiate maritime contracts, known as charter parties. The main terms of negotiation are freight / hire and demurrage . Oil being a fast moving trade, freight rates for crude oil tanker charters are most commonly based on the Worldscale Index ; the Worldscale Association publishes flat rates annually.
Kirby Corporation, headquartered in Houston, Texas is the largest tank barge operator in the United States, transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, along all three U.S. Coasts, and in Alaska and Hawaii.
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.
Seatrain Lines, officially the Over-Seas Shipping Company, was a shipping and transportation company conducting operations in the Americas and trans-Pacific regions.. Seatrain Lines began intermodal freight transport in December 1928 by transporting entire loaded railroad freight cars between the United States an
A gasoline tanker’s voyage to California from Singapore, another gasoline supplier, would take 30 to 40 days, York said, and supply chain snags — caused by a typhoon, or a war, or a worldwide ...
Talks between the ILA, which represents more than 45,000 dockworkers across the U.S. East and Gulf coast ports, and the employer group are at an impasse over issues related to automation at port ...
A description of the oil and gas seeps offshore southern California can be found in a report on the California Division of Oil and Gas's website. [4] The report is accompanied by a map, showing the locations of offshore petroleum seeps from Point Arguello (north of Santa Barbara) to Mexico. [5]
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