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  2. Worldscale - Wikipedia

    en.wikipedia.org/wiki/Worldscale

    Worldscale was established in November 1952 by London Tanker Brokers' Panel on the request of British Petroleum and Shell as an average total cost of shipping oil from one port to another by ship. A large table was created as result. The same scale is used today, although it was merged with the American Tanker Rate Schedule (ATRS) in 1969.

  3. Price of oil - Wikipedia

    en.wikipedia.org/wiki/Price_of_oil

    The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil —a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil, Isthmus, and Western Canadian Select (WCS).

  4. Real prices and ideal prices - Wikipedia

    en.wikipedia.org/wiki/Real_prices_and_ideal_prices

    The distinction between real prices and ideal prices is a distinction between actual prices paid for products, services, assets and labour (the net amount of money that actually changes hands), and computed prices which are not actually charged or paid in market trade, although they may facilitate trade. [1]

  5. EU Allowance - Wikipedia

    en.wikipedia.org/wiki/EU_Allowance

    43% allowances allocated for free over whole period: auctioning (57%) or benchmark approach (43%) Phase 4: 2021-2030: benchmark values will be updated twice and adjusted year-on-year due to technological progress, the free allocation may be updated annually, free allocation buffer of over 450 million allowances

  6. Fair trade coffee - Wikipedia

    en.wikipedia.org/wiki/Fair_trade_coffee

    A brand of fair-certified coffee. The "Fair" logo is on the lower right of the packages. Fair trade coffee is coffee that is certified as having been produced to fair trade standards by fair trade organizations, which create trading partnerships that are based on dialogue, transparency and respect, with the goal of achieving greater equity in international trade.

  7. No such thing as a free lunch - Wikipedia

    en.wikipedia.org/wiki/No_such_thing_as_a_free_lunch

    The "free lunch" refers to the once-common tradition of saloons in the United States providing a "free" lunch to patrons who had purchased at least one drink. Many foods on offer were high in salt (e.g., ham, cheese, and salted crackers), so those who ate them ended up buying a lot of beer. Rudyard Kipling, writing in 1891, noted how he.