[en] The advanced power extraction (APEX) study aims at exploring new and innovative blanket concepts that can efficiently extract power from fusion devices with high neutron wall load. Among the concepts under investigation is the free liquid FW/liquid blanket concept in which a fast flowing liquid FW (∼2-3 cm) is followed by thick flowing blanket (B) of ∼40-50 cm thickness with minimal amount of structure. The liquid FW/B are contained inside the vacuum vessel (VV) with a shielding zone (S) located either behind the VV and outside the vacuum boundary (case A) or placed after the FW/B and inside the VV (case B). In this paper we investigate the nuclear characteristics of this concept in terms of: (1) attenuation capability of the liquid FW/B/S and protection of the VV and magnet against radiation damage; (2) profiles of tritium production rate and tritium breeding ratio (TBR) for several liquid candidates; and (3) profiles of heat deposition rate and power multiplication. The candidate liquid breeders considered are Li, Flibe, Li-Sn, and Li-Pb. Parameters varied are (1) FW/B thickness, L, (2) Li-6 enrichment and (3) thickness of the shield