WATCH
The
day at sea is divided into six four hour periods. Three groups of
watchstanders are on duty for four hours and then off for eight, then back
to duty. Seamen often work overtime during their off time.
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.
FOR EXAMPLE:
W1OO on the voyage Ras
Tannra - Rotterdam (Cape-Cape) =
$31.16/ton of oil
W25 =
25% of W1OO
W25 = $7.79/ton of oil
N.B. rates may be
above as well as below W1OO
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