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A freight rate (historically and in ship chartering simply freight [1]) is a price at which a certain cargo is delivered from one point to another. The price depends on the form of the cargo, the mode of transport (truck, ship, train, aircraft), the weight of the cargo, and the distance to the delivery destination.
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 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.
These color charts show how different color blind people see compared to a person with normal color vision. [ dubious – discuss ] Much terminology has existed and does exist for the classification of color blindness, but the typical classification for color blindness follows the von Kries classifications, [ 26 ] which uses severity and ...
An Ishihara test image as seen by subjects with normal color vision and by those with a variety of color deficiencies. A pseudoisochromatic plate (from Greek pseudo, meaning "false", iso, meaning "same" and chromo, meaning "color"), often abbreviated as PIP, is a style of standard exemplified by the Ishihara test, generally used for screening of color vision defects.
The Ishihara test is a color vision test for detection of red–green color deficiencies. It was named after its designer, Shinobu Ishihara, a professor at the University of Tokyo, who first published his tests in 1917. [2] The test consists of a number of Ishihara plates, which are a type of pseudoisochromatic plate.
Futures contracts and cost basis. Calculating the cost basis for futures contracts involves assessing the difference between a commodity’s local spot price and its associated futures price. For ...
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 ...
A semi truck traveling from Los Angeles to Chicago (approximate distance 2,015 miles) carrying 14 short tons of cargo delivers a service of 14 * 2,015 = 28,210 ton-miles of freight (equal to about 41,187 tkm).