1. 
   Worldscale
   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 shi...
   Found op http://en.wikipedia.org/wiki/Worldscale
   
   
2. 
   WORLDSCALE
   An index representing the cost of time chartering a tanker for a specific voyage at a given time. The index is given at Worldscale 100, which represents the price in dollars per ton for carrying the oil at that rate. The negotiated rate will be some percentage of the index value.
   Found op http://www.insurexchange.com/glossary/maritime.htm
   
   

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