sign in sign up
<<
Home , Affreightment, Chartering (shipping), Demurrage, Factor (agent), Technical management

TERMS

AIDS TO NAVIGATION A Artificial objects to supplement natural landmarks indicating safe and unsafe AA waters Always Afloat ALOFT AAAA Above the deck of the Always Accessible Always Afloat AMIDSHIPS AAOSA In or toward the centre of the ship Always Afloat or Safe Aground. Condition for a vessel whilst in ANCHORAGE A place suitable for anchorage in relation AARA to the wind, seas and bottom Amsterdam-Antwerp-Rotterdam Area ANTHAM ABAFT Antwerp-Hamburg Range Toward the rear (stern) of the ship. Behind. APS Arrival Pilot Station ABOARD On or within the ship ARAG Amsterdam-Rotterdam--Antwerp-Gent ABOVE DECK Range On the deck (not over it - see ALOFT) ARBITRATION ABT Method of settling disputes which is About usually binding on parties. A clause usually in a charter party ADCOM Address Commission A/S Alongside ADDENDUM Additional chartering terms at the end of a ASBA charter party American Shipbrokers Association

AFSPS ASPW Arrival First Sea Pilot Station (Norway) Any Safe Port in the World

AFFREIGHTMENT ASTERN The hiring of a ship in whole or part In the back of the ship, opposite of ahead

AFT ATDNSHINC At or towards the stern or rear of a ship Any Time Day/Night Sundays and Holidays Included AGROUND Touching or fast to the bottom ATHWARTSHIPS At right angles to the centreline of the ship AGW All Going Well ATUTC Actual Times Used to Count AHL Australian Hold Ladders

www.pm-shipping.com

CHARTERING TERMS

BI B Both Inclusive

BACKLETTER BIMCO Where a seller/shipper issues a 'letter of The Baltic and International Maritime indemnity' in favour of the carrier in Council exchange for a clean BL1 BAF Bale Bunker Adjustment . A Fuel Surcharge expressed as a percentage BL2 added or subtracted from the freight (Bill of Lading) A document signed by the amount, reflecting the movement in the carrier which acts as a of market place price for bunkers. , a and evidence of title to the . BALE CAP Cubic capacity of a vessels holds to carry BM packaged dry cargo such as bales/pallets Beam

BALLAST BN Heavy weight, often sea water, necessary Booking Note for the stability and safety of a ship which BOB is not carrying cargo Bunker on Board

BALLAST BONUS BOFFER Compensation for relatively long ballast Best Offer voyage BOW BAREBOAT CHTR. The forward part of a ship - Owners lease a specific ship and control its technical BROB management and commercial operations Bunkers Remaining on Board only. Charterers take over all responsibility for the operation of the vessel and BROKERAGE expenses for the duration. Percentage of freight payable to broker (by owners in c/p's) or applicable to sale or BBB purchase Before Breaking Bulk. Refers to freight payments that must be received before BSS discharge of a vessel commences Basis

BDI BSS 1/1 Both Dates Inclusive Basis 1 Port to 1 Port

BEAM BT The maximum breadth or the greatest Berth Terms width of a ship BULKHEAD BELOW A vertical partition separating Beneath the deck compartments

BENDS BUNDLING Both Ends (Load & Discharge ) This is the assembly of pieces of cargo, secured into one manageable unit. This is relevant to items such as Structural Steel, Handrails, Stairways etc. Whilst this is a

www.pm-shipping.com

CHARTERING TERMS very flexible description, a rule of thumb is CIP to present cargo at a size easily handled Carriage and paid to... by a large (20 tonne) fork lift. COACP BUNKERS Contract of Affreightment Charter Party Name given for vessels Fuel and Diesel Oil supplies (Originates from coal bunkers) COB Closing of Business BUOY An anchored float used for marking a COBLDN position on the water or a hazard or a Closing of Business London shoal and for mooring COD BWAD Cash On Delivery Brackish Water Arrival Draft COGSA Carriage of Goods by Sea Act

C CONGESTION Port/berth delays CAF Currency Adjustment Factor CONS Consumption CBM Cubic Metres C/SNEE CBFT (or CFT) Name of agent, company or Cubic Feet personreceiving

CFR (or C&F) COP Cost and Freight Custom Of Port

CHART CP (or C/P) A map used by navigators Charter Party

CHOPT CPD Charterers Option Charterers Pay Dues

CHTRS CPT Charterers Carriage Paid To

CIF CQD Cost, Insurance & Freight. Seller pays all Customary Quick Despatch these costs to a nominated port or place of discharge. CR Current Rate CKD Completely knocked down CROB Cargo Remaining on Board COA Contract of Affreightment - Owners agree CRN to accept a cost per revenue tonne for Crane cargo carried on a specific number of voyages.

www.pm-shipping.com

CHARTERING TERMS

CRT DES Cargo Retention Clauses, introduced by Delivered Ex Ship charterers based on shortage of delivered cargo because of increased oil prices DESP Despatch. Time saved, reward for quick CST turnaround- in dry cargo only Centistoke DET CTR Detention (See DAMFORDET) Container Fitted DEV Deviation. Vessel departure from specified voyage course D DFRT DA Deadfreight. Space booked by shipper or Disbursement Account charterer on a vessel but not used

DAF DHDATSBE Deliver At Frontier Despatch Half on All Time Saved Both Ends DAPS Days all Purposes (Total days for loading DHDWTSBE & discharging) Despatch Half Demurrage on Working Time Saved Both Ends DAMFORDET Damages for Detention. Penalty if cargo is DISCH not ready when ship arrives for working Discharge (1st day of Laycan). This is not detention which is charged for time on delay. If DK the cargo is ready there is no Deck DAMFORDET. DLOSP DDU Dropping Last Outwards Sea Pilot Delivered Duty unpaid. (Norway)

DDP DO Delivered Duty Paid. Diesel Oil

DECK DOLSP A permanent covering over a Dropping Off Last Sea Pilot (Norway) compartment, hull or any part thereof DOP Dropping Outward Pilot DEM Demurrage (Quay Rent). Money paid by DOT the shipper for the occupying port space Department of Transport beyond a specified "Free Time" period. DNRCAOSLONL DEQ Discountless and Non-Returnable Cargo Delivered Ex Quay and/or Ship Lost or Not Lost

www.pm-shipping.com

CHARTERING TERMS

DRAUGHT (or DRAFT) EXW Depth to which a ship is immersed in Ex Works water. The depth varies according to the design of the ship and will be greater or lesser depending not only on the weight of the ship and everything on board, but also F on the density of the water in which the ship is lying. FAC Fast as can DRK Derrick FAS Free Alongside Ship. Seller delivers goods DUNNAGE to appropriate dock or terminal at port of Materials of various types, often timber or embarkation and buyer covers costs and matting, placed among the cargo for risks of loading separation, and hence protection from damage, for ventilation and, in the case of FCA certain cargoes, to provide space in which Free to Carrier. A modern equivalent of the tynes of a fork lift truck may be FAS used in intermodal transport where inserted. goods are transferred at a nominated forwarders premises, depot or terminal but DWAT (or DWT) not actually on board vessel. Deadweight. Weight of cargo, stores and water, i.e. the difference between lightship FD (FDIS) and loaded displacement. Free Discharge

FDD Freight Demurrage Deadfreight

E FDESP Free Despatch EBB A receeding current FDEDANRSAOCLONL Freight Deemed Earned, Discountless And EC Non-Returnable (Refundable) Ship And Or East Coast Cargo Lost Or Not Lost

EIU FENDER Even If Used A cushion, placed between ships, or between a ship and a pier, to prevent ELVENT damage Electric Ventilation FEU ETA Standard 40” Container Estimated Time of Arrival FHEX ETC Fridays/Holidays Excluded Estimated Time of Completion FHINC ETD Fridays/Holidays Included Estimated Time of Departure FILO ETS Free In/Liner Out. Seafreight with which Estimated Time of Sailing the shipper pays load costs and the carrier pays for discharge costs.

www.pm-shipping.com

CHARTERING TERMS

FIO FO3 Free In/Out. Freight booked FIO includes Free Out the seafreight, but no loading/discharging costs, i.e. the charterer pays for cost of FOB loading/discharging cargo. Free on Board. Seller sees the goods "over the ship’s rail" on to the ship which is FIOS arranged and paid for by the buyer Free In/Out Stowed. As per FIO, but excludes stowage costs. FOFFER Firm Offer FIOST Free In/Out and Trimmed. Charterer pays FOG for cost of loading/discharging cargo, For Our Guidance including stowage and trimming. FOQ FIOT Free On Quay Free In/Out and Trimmed. As per FIOS but includes trimming, e.g. the levelling of bulk FOR cargoes. FIOS includes seafreight, but Free On Rail excludes loading/discharging and stowage costs. Clause limiting responsibilities of the FIT charterers, shippers and receivers of Free In Trimmed cargo.

FIW FORE-AND-AFT Free In Wagon In a line parallel to the keel

FIXING FORWARD Chartering a Vessel Toward the bow of the ship FOT FIXTURE Free On Truck Conclusion of shipbrokers negotiations to charter a ship - an agreement FOW1 First Open Water FLATPACKING Cargo to be presented stacked and FOW2 secured as an integral unit. Free On Wharf

FLT FP Full Liner Terms Free Pratique. Clearance by the Health Authorities FMC Federal Maritime Commission FR First Refusal. First attempt at best offer FME that can be matched Force Majeure Excepted FREEBOARD FMS The minimum vertical distance from the Fathoms surface of the water to the gunwale

FO1 FRT For Orders Freight. Money payable on delivery of cargo in a mercantile condition FO2 (IFO) Fuel Oil/Intermediate FO

www.pm-shipping.com

CHARTERING TERMS

FREE DESPATCH GR If loading/discharging achieved sooner Geographical Rotation. Ports in order of than agreed, there will be no freight money calling returned. GRD FREE EXINS Geared Free of any Extra Insurance (Owners) GRT FREE OUT Gross Registered Tonnage Free of discharge costs to owners. Includes seafreight only. GSB Good, Safe Berth FRUSTRATION Charterers when cancelling agreement GSP sometimes quote 'doctrine of frustration' Good, Safe Port i.e. vessel is lost, extensive delays. GTEE FWAD Guarantee Fresh Water Arrival Draft GUNWALE FWDD The upper edge of a ship's sides Fresh Water Departure Draft

FYG For Your Guidance H

FYI 2H For Your Information Second Half

HA Hatch G GA Code of minimum conditions for the carriage of cargo under a Bill of Lading GEAR A general term for ropes, blocks, tackle HATCH and other equipment An opening in a ship's deck fitted with a watertight cover GLS (GLESS) Gearless HBF Harmless Bulk Fertilizer GNCN Gencon (GENERAL CONDITIONS) HDLTSBENDS Half Despatch Lay Time Saved Both Ends GN (or GR) Grain (Capacity) HDWTS Half Despatch Working (or Weather) Time GO Saved Gas Oil HHDW GP Handy Heavy d.w. (Scrap) Grain Capacity. Cubic capacity in 'grain'

www.pm-shipping.com

CHARTERING TERMS

HIRE ITINERARY T/C Remuneration Route.Schedule

HMS IU Heavy Metal Scraps If Used

HO IUHTAUTC Hold If Used, Half Time Actually To Count

HOLD IWL A compartment below deck in a large Institute Warranty Limits vessel, used solely for carrying cargo KEEL HULL The centreline of a ship running fore and The main body of a ship aft; the backbone of a vessel

HW High Water K

KNOT I A measurement of speed equal to one nautical mile (6,076 feet) per hour ICW Intercoastal Waterway : bays, rivers, and canals along the coasts (such as the Atlantic and Gulf of Mexico coasts), L connected so that vessels may travel without going into the sea LANE METER A method of measuring the space capacity IMDG of Ro/Ro ships whereby each unit of International Maritime Dangerous Goods space (Linear Meter) is represented by an Code area of deck 1.0 meter in length x 2.0 meters in width. IMO International Maritime Organisation LASH To hold goods in position by use of Ropes, IN &/OR OVER Wires, Chains or Straps etc. Goods carried below and/or on deck LAT IND Latitude. The distance north or south of Indication the equator measured and expressed in degrees. INTERMODAL Carriage of a commodity by different LAYCAN modes of transport, i.e. sea, road, rail and Laycan (Layday Cancelling Date) air within a single journey (Refer to comments in covering statement Time at Charterers disposal for purpose of on front page A-F) loading/discharging

ITF L/C International Transport Workers Letter of Credit Federation (Trade Unions). Complies on crewing

www.pm-shipping.com

CHARTERING TERMS

LCR LSD Lowest Current Rate Lashed Secured Dunnaged

LEE LT1 The side sheltered from the wind Liner Terms

LEEWARD LT2 The direction away from the wind. Long Ton = 1,016.05 kilogram (2,240 lbs) Opposite of windward LTHH LEEWAY Liner Terms Hook/Hook The sideways movement of the ship caused by either wind or current LW Low Water LF Load Factor. Percentage of cargo or LYCN carries e.g. 4,000 tons carried Laycan (Layday Cancelling Date) on a vessel of 10,000 capacity has a load factor of 40%

LIEN M Retention of property until outstanding debt is paid MANIFEST Inventory of cargo on board LNG Liquefied Natural Gas MB Merchant Broker LOA Length Overall of the vessel MDO (DO) Marine Diesel Oil LOAD LINE plimsoll_markSEE PLIMSOLL LINE MIDSHIP Approximately in the location equally LOF distant from the bow and stern Lloyds Open Form MIN/MAX LOG Minimum/Maximum (cargo quantity) A record of courses or operation. Also, a device to measure speed MOA Memorandum of Agreement LOI Letter of Indemnity MOLCHOPT More or Less Charterers Option LONGITUDE The distance in degrees east or west of MOLOO the meridian at Greenwich, England More or Less Owners Option

LOW MOORING Last Open Water An arrangement for securing a ship to a mooring buoy or pier LS (or LUMPS) Lumpsum Freight. Money paid to Shipper MT for a charter of a ship (or portion) up to Mertic Tonne (i.e. 1,000 kilos) stated limit irrespective of quantity of cargo M/V Motor Vessel / Merchant Vessel

www.pm-shipping.com

CHARTERING TERMS

OWS N Owners

NAABSA Not Always Afloat But Safely Aground P NM Nautical Mile. One minute of latitude; P&I approximately 6,076 feet - about 1/8 Protection and Indemnity Insurance longer than the statute mile of 5,280 feet PASTUS NAVIGATION Past Us The art and science of conducting a ship safely from one point to another PC Period of Charter NCB PCGO National Cargo Bureau Part Cargo

NESTING PCT Implies that cargo is presented stacked in Percent the contour of similarly shaped cargo, it may be likened to a stack of plates. This is PDPR particularly relevant in the presentation of Per Day Pro Rata tankage strakes for transport PERDIEM NON-REVERSIBLE By the Day (Detention). If loading completed sooner than expected, then saved days will not be PER SE added to discharge time allowed. By Itself

NOR PHPD Notice of Readiness Per Hatch Per Day

NRT PLIMSOLL MARK Net Restricted Tonnage PLIMSOLL LINE LOAD LINE NYPE An internationally recognised line painted New York Produce Exchange on the side of merchant ships. When a ship is loaded, the water level is not supposed to go above the line. Water can reach different parts of the line as its temperature and saltiness varies with the O season and location. From where Plimsoll Shipping derived its name. OO Owners Option PORT The left side of a ship looking forward. A OBO harbour. Ore/Bulk/Oil Vessel PRATIQUE OSH Licence or permission to use a port Open Shelter Deck PREAMBLE OVERBOARD Introduction to a charter party Over the side or out of the ship

www.pm-shipping.com

CHARTERING TERMS

PROFORMA Estimated Account Statement of condition of the vessel (valid certificates, fully equipped and manned PUS etc.) Plus Us PWWD SELFD Per Weather Working Day Self Discharging

SEMI-TRAILERS Are usually 12.0 meter flat bed road R trailers

RCVR SF Receiver Stowage Factor. Cubic space (measurement tonne) occupied by one RECAP tonne (2,240 lbs/1,000 kgs) of cargo Recapitulation of the terms and conditions agreed SHINC Sundays/Holidays Included REVERSIBLE SHEX (Detention). If loading completed sooner Sundays/Holidays Excluded than expected at load port, then days saved can be added to discharge SKIDS operations. Are bearers (timber or steel) positioned under the cargo to enable forklift handling ROB at port, and for ease of rigging and lashing Remaining On Board on board ship.

RT SN Revenue Tonne (i.e. 1.0 metric tonne or Satellite Navigation - A form of position 1.0 cubic meter, whichever greater). The finding using radio transmissions from overall RT is calculated on a line by line satellites with sophisticated on-board basis of the Packing List using the largest automatic equipment amount. The overall freight liability is calculated on the total RT amount, SOC multiplied by the . Shipper Owned Container

SOF Statement of Facts S SP SATPM Safe Port Saturday P.M. SPIDERING SB Is the strengthening of circular tanks for Safe Berth transport, this prevents the tanks from becoming warped. The tanks are SD (or SID) strengthened with steel or wood Single Decker crossbeams giving a "spider" appearance

SEAFREIGHT SRBL Costs charged for transporting goods over Signing and Releasing Bill of Lading the sea. This does not cover haulage or loading/discharging costs but the sea SSHEX transport only Saturdays, Sundays, Holidays Excluded

www.pm-shipping.com

CHARTERING TERMS

SSHINC (or SATSHINC) TBN Saturdays, Sundays, Holidays Included To Be Named / To Be Nominated

STABILITY TC It is paramount that a vessel is stable in all Time Charter - Owners agree to hire a aspects at all times. When cargo is particular ship for a set length of time and loaded/discharged, the stability is provide , crewing monitored by a computer, which takes into etc. account the weight and position of cargo within the vessel. TCP Time Charter Party STARBOARD Right side of a ship when facing the front TEU or forward end. Standard 20' Container

STEM TOPSIDES Subject to Enough Merchandise The sides of a ship between the waterline (Availability of cargo). Also, the forward and the deck; sometimes referring to onto most part of the bow. or above the deck

STERN TRIM The aformost or after part of a ship Fore and aft balance of a ship

SUB TTL Subject (to). Depending upon as a Total condition TW SUPERCARGO Tween Decker Person employed by a ship owner, shipping company, charterer of a ship or shipper of goods to supervise cargo handling operations. Often called a port U captain. USC SWAD Unless Sooner Commenced Salt Water Arrival Draft UU SWDD Unless Used Salt Water Departure Draft UUIWCTAUTC Unless Used In Which Case Time Actually Used To Count T

THWARTSHIPS At right angles to the centreline of the ship V

TIDE VPD The periodic rise and fall of water level in Vessel Pays Dues the oceans WATERLINE TIME BAR A line painted on a hull which shows the Time after which legal claims will not be point to which a ship sinks when it is entered properly trimmed

www.pm-shipping.com

CHARTERING TERMS

YAW W To swing or steer off course, as when running with a quartering sea WAY Movement of a ship through water such as headway, sternway or leeway WCCON Z Whether Customs Cleared Or Not Z WIBON UTC = GMT Whether In Berth Or Not

WIFPON Whether In Free Pratique Or Not

WINDWARD Toward the direction from which the wind is coming

WIPON Whether In Port Or Not

WLTOHC Water Line-To-Hatch Coaming

WOG Without Guarantee

WP Weather Permitting. That time during which weather prevents working shall not count as laytime

WPD Weather Permitting Day

WWD Weather Working Day

WRIC Wire Rods In Collis

WWR When, Where Ready

WWWW Wibon, Wccon, Wifpon, Wipon

Y

YAR York Antwerp Rules

www.pm-shipping.com