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Commissioned originally by one of the oil majors as a sophisticated indicator of freighting values for its affiliated companies, AFRA results have been published by the London Tanker Brokers' Panel continuously since 1954.
They are unique in being the only assessments of their kind to be recognised by taxation authorities as an acceptable method of charging freight between affiliated companies of multi-national groups. AFRA results are also used by oil traders and government agencies to assess the freight element in various types of oil sale agreements.
AFRA results are published on the first business day of each month and cover five deadweight groups:
- Medium range
25,000 - 44,999 (long) tons dw
- Large range 1
45,000 - 79,999 (long) tons dw
- Large range 2
80,000 - 159,999 (long) tons dw
- VLCC
160,000 - 319,999 (long) tons dw
- ULCC
320,000 - 549,999 (long) tons dw
In each of the five groups, tonnage is divided into three categories:
- Long term charters
- Short term charters
- Single voyage charters
Each month, AFRA subscribers receive the average freight rate assessments expressed in new Worldscale points. Also available is a breakdown of the monthly assessment; this shows average rates for the three charter categories in the five deadweight groups in US dollars per metric ton, converted to a Worldscale equivalent. A further option is an assessment of the Worldscale average single voyage rate for clean vessels for GP, MR and LR1 size ranges.
AFRA results are available on a subscription basis only and all subscribers are asked to sign an undertaking that the results will not be disclosed to any other parties.
- vj_impossible@Yahoo.com
PS - also take a look at www.fairtran.com
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How are freight rates calculated?
How are freight rates claculated
Which of these regulated the freight rates of railroads?
The Interstate Commerce Commission regulated the freight rates of railroads.
Freight Rates?
form_title= Freight Rates form_header= Get quotes and find the best freight rates for your needs. What is the combined weight of your items?*= _ [50] Are your items fragile?*= () Yes () No When do you need the items delivered?*= _ [50]
What has the author NT Jazairi written?
N.T Jazairi has written: 'Indexes of average railway freight rates: 1954-1968' -- subject(s): Railroads, Rates
Truck Freight Rates?
form_title= Truck Freight Rates form_header= Calculate the cost of a truck freight before you hire one. What are you shipping?*= _ [50] Where are you shipping?*= _ [50] What is your budget for the truck freight?*= _ [50]
Where can one find rates for trucking freight?
One can find the rates for a trucking freight from the following sources: Freight Link, Exporting Made Easy, Real Deal Trucking, Freighting Quote, 123 Load Board, Freight Finder.
What is freight transport?
Freight is the transportion of cargo commercially at cheaper rates than express shipment.
How is freight rates determined?
Freight rates are detemined by the company, usually based on the distance the package needs to travel, the speed (air freight is more expensive than road freight is more expensive than sea freight) and customs/border issues. Often there's also a part of the fee set aside for insurance.
Where might one find the most recent freight rates online?
One can find the most recent freight rates online from websites like FedEx, USPS, National Transport LLC, Citizen Shipper, Montway and Harbor Freight.
What is average salary of freight broker?
The average salary for a freight broker in the United States is $39,000.
What has the author Ihn H Uhm written?
Ihn H. Uhm has written: 'Rail freight rates and food prices' -- subject(s): Food prices, Freight, Railroads, Rates
What is the current rate of tds for freight?
Tds Rates are NIL On Transport
