An Aframax has a size range between 85,000 and 124,999 DWT, with the average size currently 109,000 DWT. The term ‘Afra’ is based on the Average Freight Rate Assessment which was created by Shell in the mid 1950’s to standardise shipping contract terms. They are versatile for their size and can call at multiple ports and trade both crude and refined oil products if they are coated.