Average Freight Rate Assessment

Average Freight Rate Assessment :

Average Freight Rate Assessment = AFRA - shipping

The average transportation cost per ton for a given month for vessels in different size categories as established by the London Tanker Brokers’ Panel. AFRA and its Terms of Reference were originally created by Shell Oil Company and then BP (British Petroleum) as a means of establishing internal rates for charging affiliates for the transport of crude oil and petroleum products. Shell and BP ceased their spon¬sorship of AFRA in 1982. Since that time the London Tanker Brokers’ Panel has compiled the AFRA based upon known transportation agreements concluded on the open market. AFRA is recognized by the tax authorities of many countries for pricing of intra-company oi 1 movements.

The six AFRA Rate Categories are...

General Purpose 16,500-24,999 dwt

Medium Range 25,000-44,900 dwt

Large Range 1 45,000-79,999 dwt

Large Range 2 80,000-159,999 dwt

VLCC 160,000-319,999 dwt, and VLCC 320,000-549,999 dwt.

Avoirdupois - measure

(a) French for having weight

(b) A system of weight measurement based on the pound of 16 ounces and the ounce of 16 drams

You must remember that the best-qualified person does not necessarily get the job. It is one who presents himself / herself confidently, speaks well and sells himself / herself at the interview. And this can be despite the fact that others may have better qualifications and more experience. The person who makes the interviewer believes that he has that extra magic and that the company cannot afford not to have him / her, is the one who will get the job. The extra magic is really preparation. Successful persons will tell you that to succeed there is no substitute for hard work. Similarly for a good interview there is no substitute for preparation.

We have discussed how to write a good cover letter and how to utilize modular construction so that you can produce dozens of individualized letters from one prototype text. In addition, we have given examples of letters you might write in a variety of circumstances.

To make our presentation clear, we used a no-frills style of writing. Once you feel comfortable with the basics, you may want to write in a style that better reflects your own personality. To that end, this page will show you letters for a variety of situations written in a variety of styles. Please remember that these are samples, not models to be copied verbatim.

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