GlossaryEN1 min readUpdated: Oct 19, 2026
Worldscale
Worldscale is a standardised index system for pricing tanker freight, published annually by the Worldscale Association.
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Source: https://at.marketscreener.com/boerse-nachrichten/supertanker-raten-fallen-von-rekordhochs-ce785cdadd81f524
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Incoterms 2020 Simulator: Who bears costs & risk?
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Definition & Explanation
Worldscale is a standardised index system for pricing tanker freight, published annually by the Worldscale Association. Market rates are quoted as a percentage of a route-specific flat rate (WS 100), allowing direct comparison of charter offers across different routes and tanker sizes; it is not a dollar figure in itself.
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