🔤 Worldscale ✨
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URDU
🅰️
Roman Urdu:
tanker freight rate scale, samundari mal ki kira dar scale, oil tanker rate system, freight index
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ENGLISH
📚noun
worldscale
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PRONUNCIATION
Standard: /ˈwɜːrldskeɪl/
Phonetic: /wurld skayl/
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DEFINITION
a standard international system for calculating oil tanker freight rates, a published scale of voyage rates used in shipping contracts
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EXAMPLE SENTENCES
The charter party fixed the freight at worldscale plus a negotiated premium.
Shipping analysts tracked worldscale rates as oil demand changed.
The broker compared worldscale figures for several tanker routes.
Rising worldscale rates increased the cost of transporting crude oil.
The company signed the contract using the latest worldscale schedule.
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SYNONYMS
freight scale rate scale freight index tanker rate system shipping scale
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