AFRA is published by LTBP (London Tanker Broker’s Panel) every month for different types of tankers expressed in Worldscale terms.
Mainly used for Inter Company settlements. Government and National companies, Holding & Subsidiary Companies etc. Not use in market for various reasons.
AFRA and WorldScale. WorldScale is a schedule. AFRA is an periodic assessment in terms of WorldScale.
Market and AFRA do not go hand in hand for various reasons.
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