Worldscale 100 definition

Worldscale 100 means the rate provided by the latest edition of the “WORLDSCALE TANKER NOMINAL FREIGHT-SCALE (WORLDSCALE)” for Vessels of the same type and category.
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Examples of Worldscale 100 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.

  • The price formula for LSFO in Section 5.1 of the Contract includes the component "FREIGHT" that refers to a Worldscale 100 rate published in the current edition of Worldscale which incorporates a Fixed Rate Differential to reflect the cost of additional premiums for Oil Spill Liability Insurance on vessels carrying Persistent Oils applicable to voyages having a destination in the U.S.

  • The rate of demurrage shall be calculated for the actual Cargo size as per the charter party rate payable by Buyer for the tanker vessel at the date of bill of lading, provided such demurrage rate does not exceed Worldscale 100, in which case Worldscale 100 shall apply.

Related to Worldscale 100

  • FTSE 100 means the FTSE 100 Index. This product is not in any way sponsored, endorsed, sold or promoted by FTSE International Limited.

  • IntraLATA Toll Trunk Group is a trunk group carrying only non-IXC carried IntraLATA Toll Traffic.

  • Retro-reflector means a device used to indicate the presence of a vehicle by the reflection of light emanating from a light source not connected to the vehicle, the observer being situated near the source.

  • Common Channel Signaling (CCS) means an out-of-band, packet-switched, signaling network used to transport supervision signals, control signals, and data messages. It is a special network, fully separate from the transmission path of the public switched network. Unless otherwise agreed by the Parties, the CCS protocol used by the Parties shall be SS7.

  • small and medium-sized enterprises or ‘SMEs’ means small and medium-sized enterprises as defined in Article 2 of the Annex to Commission Recommendation 2003/361/EC;