Worldscale definition

Worldscale means the New Worldwide Tanker Nominal Freight Scale as current on the day of commencement of loading of the Vessel in question.

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Worldscale means the applicable standard freight rate stated in the most recent edition of the New Worldwide Tanker Nominal Freight Scale jointly published by Worldscale Association (London) Limited and Worldscale Association (NYC) Inc., or if Worldscale Association (London) Limited and Worldscale Association (NYC) Inc. shall no longer publish the New Worldwide Tanker Nominal Freight Scale, the equivalent replacement scale used in the shipping industry, expressed in USD per metric ton for the route specified.

Worldscale means Worldwide Tanker Nominal Freight Scale.

Examples of Worldscale in a sentence

• If the vessel size is larger than the size of the cargo, then demurrage rate shall be prorated accordingly, provided that in both above cases demurrage rate shall not exceed Worldscale 100.

• All additional expenses, including but not limited to, freight differential, interim port costs or Worldscale port costs, incurred for such alternate delivery shall be for the Terminal Party’s account per the charter party rate, terms and conditions.

• The average is then to be input into an agreed standard voyage calculation using Worldscale flat rate as specified on each route, consumption as per CP, port charges, and average bunker price.

• The freight rate for tankers is normally calculated by Worldscale where most of the port charges are allowed for.

• The lighterage location shall not count as an additional discharge port or discharge berth in the determination of freight payable per published Worldscale rates.

More Definitions of Worldscale

Worldscale means New Worldwide Tanker Nominal Freight Scale.

Worldscale means, at any time under the Agreement, the most recent edition of the New Worldwide Tanker Nominal Freight Scale.

Worldscale means, at any relevant time under this Agreement, the applicable standard freight rate stated in the most recent edition of the New Worldwide Tanker Nominal Freight Scale jointly published by Worldscale Association (London) Limited and Worldscale Association (NYC) Inc., expressed in U.S. dollars per metric ton for the route specified;

Worldscale means the tanker nominal freight scale applying to the carriage of oil in bulk as promulgated by Worldscale Association (London) Limited or Worldscale Association (NYC) Inc. (as applicable) or any successor thereto, in effect as of the date of the Agreement.

Worldscale means the most recent published edition of the Worldwide Tanker Nominal Freight Scale.

Worldscale means the international freight index applying to the carriage of oil and oil products in bulk by tanker as promulgated by Worldscale Association (London) Limited and Worldscale Association (NYC) Inc. or any successor thereto, in effect as of the date of the Agreement.

Worldscale means the New Worldwide Tanker Nominal Freight Scale, a unified system of establishing payment of freight as produced by Worldscale Association (NYC) Inc. for the Americas, as current on the day of commencement of loading of the Vessel in question.