Chartering Terms and Definitions a 1

8/11/2019 Chartering Terms and Definitions a 1

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I hope you will find this information both helpful and informative. If you require clarification on anyaspect, or have any further questions, please dont hesitate to contact us at any time.

ABBREVIATION MEANING

AA Always Afloat

AAAA Always Accessible Always Afloat

AAOSA Always Afloat or Safe Aground. Condition for a vessel whilst in port

AARA Amsterdam-Antwerp-Rotterdam Area

ABAFT Toward the rear (stern) of the ship. Behind.

ABOARD On or within the ship

ABOVE DECK On the deck (not over it - see ALOFT)

ABT About

ADCOM Address Commission

ADDENDUM Additional chartering terms at the end of a charter party

AFSPS Arrival First Sea Pilot Station (Norway)

AFFREIGHTMENT The hiring of a ship in whole or part

AFT At or towards the stern or rear of a ship

AGROUND Touching or fast to the bottom

AGW All Going Well

AHL Australian Hold Ladders

AIDS TO NAVIGATIONArtificial objects to supplement natural landmarks indicating safe andunsafe waters

ALOFT Above the deck of the ship

AMIDSHIPS In or toward the centre of the ship

ANCHORAGE A place suitable for anchorage in relation to the wind, seas and bottom

ANTHAM Antwerp-Hamburg Range

APS Arrival Pilot Station

ARAG Amsterdam-Rotterdam--Antwerp-Gent Range


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ARBITRATIONMethod of settling disputes which is usually binding on parties. A clauseusually in a charter party

A/S Alongside

ASBA American Shipbrokers Association

ASPW Any Safe Port in the World

ASTERN In the back of the ship, opposite of ahead

ATDNSHINC Any Time Day/Night Sundays and Holidays Included

ATHWARTSHIPS At right angles to the centreline of the ship

ATUTC Actual Times Used to Count

BACKLETTERWhere a seller/shipper issues a 'letter of indemnity' in favour of the carrierin exchange for a clean bill of lading

BAFBunker Adjustment Factor. A Fuel Surcharge expressed as a percentageadded or subtracted from the freight amount, reflecting the movement inthe market place price for bunkers.

BALE CAP.Cubic capacity of a vessels holds to carry packaged dry cargo such asbales/pallets

BALLASTHeavy weight, often sea water, necessary for the stability and safety of aship which is not carrying cargo

BALLAST BONUS Compensation for relatively long ballast voyage

BAREBOAT CHTR.

Bareboat Charter - Owners lease a specific ship and control its technicalmanagement and commercial operations only. Charterers take over allresponsibility for the operation of the vessel and expenses for theduration.

BBB

Before Breaking Bulk. Refers to freight payments that must be receivedbefore discharge of a vessel commences

BDI Both Dates Inclusive

BEAM The maximum breadth or the greatest width of a ship

BELOW Beneath the deck

BENDS Both Ends (Load & Discharge Ports)

BI Both Inclusive

BIMCO The Baltic and International Maritime Council

BL1 Bale

BL2

(Bill of Lading) A document signed by the carrier which acts as a Contractof Affreightment, a receipt and evidence of title to the cargo.

BM Beam


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BN Booking Note

BOB Bunker on Board

BOFFER Best Offer

BOW The forward part of a ship

BROB Bunkers Remaining on Board

BROKERAGEPercentage of freight payable to broker (by owners in c/p's) or applicableto sale or purchase

BSS Basis

BSS 1/1 Basis 1 Port to 1 Port

BT Berth Terms

BULKHEAD A vertical partition separating compartments

BUNDLING

This is the assembly of pieces of cargo, secured into one manageableunit. This is relevant to items such as Structural Steel, Handrails,Stairways etc. Whilst this is a very flexible description, a rule of thumb isto present cargo at a size easily handled by a large (20 tonne) fork lift.

BUNKERSName given for vessels Fuel and Diesel Oil supplies (Originates from coalbunkers)

BUOYAn anchored float used for marking a position on the water or a hazard ora shoal and for mooring

BWAD Brackish Water Arrival Draft

CAF Currency Adjustment Factor

CBM Cubic Metres

CBFT (or CFT) Cubic Feet

CFR (or C&F) Cost and Freight

CHART A map used by navigators

CHOPT Charterers Option

CHTRS Charterers

CIFCost, Insurance & Freight. Seller pays all these costs to a nominated portor place of discharge.

CKD Completely knocked down

COAContract of Affreightment - Owners agree to accept a cost per revenuetonne for cargo carried on a specific number of voyages.

CIP Carriage and Insurance paid to...


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COACP Contract of Affreightment Charter Party

COB Closing of Business

COBLDN Closing of Business London

COD Cash On Delivery

COGSA Carriage of Goods by Sea Act

CONGESTION Port/berth delays

CONS Consumption

C/SNEE CONSIGNEE. Name of agent, company or person receiving consignment

COP Custom Of Port

CP (or C/P) Charter Party

CPD Charterers Pay Dues

CPT Carriage Paid To

CQD Customary Quick Despatch

CR Current Rate

CROB Cargo Remaining on Board

CRN Crane

CRTCargo Retention Clauses, introduced by charterers based on shortage ofdelivered cargo because of increased oil prices

CST Centistoke

CTR Container Fitted

DA Disbursement Account

DAF Deliver At Frontier

DAPS Days all Purposes (Total days for loading & discharging)

DAMFORDETDamages for Detention. Penalty if cargo is not ready when ship arrivesfor working (1st day of Laycan). This is not detention which is charged forships time on delay. If the cargo is ready there is no DAMFORDET.

DDU Delivered Duty unpaid.

DDP Delivered Duty Paid.


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DECK A permanent covering over a compartment, hull or any part thereof

DEMDemurrage (Quay Rent). Money paid by the shipper for the occupyingport space beyond a specified "Free Time" period.

DEQ Delivered Ex Quay

DES Delivered Ex Ship

DESP Despatch. Time saved, reward for quick turnaround- in dry cargo only

DET Detention (See DAMFORDET)

DEV Deviation. Vessel departure from specified voyage course

DFRTDeadfreight. Space booked by shipper or charterer on a vessel but notused

DHDATSBE Despatch Half Demurrage on All Time Saved Both Ends

DHDWTSBE Despatch Half Demurrage on Working Time Saved Both Ends

DISCH Discharge

DK Deck

DLOSP Dropping Last Outwards Sea Pilot (Norway)

DO Diesel Oil

DOLSP Dropping Off Last Sea Pilot (Norway)

DOP Dropping Outward Pilot

DOT Department of Transport

DNRCAOSLONL Discountless and Non-Returnable Cargo and/or Ship Lost or Not Lost

DRAUGHT (or DRAFT)

Depth to which a ship is immersed in water. The depth varies accordingto the design of the ship and will be greater or lesser depending not onlyon the weight of the ship and everything on board, but also on the densityof the water in which the ship is lying.

DRK Derrick

DUNNAGE

Materials of various types, often timber or matting, placed among the

cargo for separation, and hence protection from damage, for ventilationand, in the case of certain cargoes, to provide space in which the tynes ofa fork lift truck may be inserted.

DWAT (or DWT)Deadweight. Weight of cargo, stores and water, i.e. the differencebetween lightship and loaded displacement.

EBB A receeding current

EC East Coast


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EIU Even If Used

ELVENT Electric Ventilation

ETA Estimated Time of Arrival

ETC Estimated Time of Completion

ETD Estimated Time of Departure

ETS Estimated Time of Sailing

EXW Ex Works

FAC Fast as can

FASFree Alongside Ship. Seller delivers goods to appropriate dock orterminal at port of embarkation and buyer covers costs and risks ofloading

FCAFree to Carrier. A modern equivalent of FAS used in intermodal transportwhere goods are transferred at a nominated forwarders premises, depotor terminal but not actually on board vessel.

FD (FDIS) Free Discharge

FDD Freight Demurrage Deadfreight

FDESP Free Despatch

FDEDANRSAOCLONLFreight Deemed Earned, Discountless And Non-Returnable (Refundable)Ship And Or Cargo Lost Or Not Lost

FENDERA cushion, placed between ships, or between a ship and a pier, toprevent damage

FEU Standard 40 Container

FHEX Fridays/Holidays Excluded

FHINC Fridays/Holidays Included

FILOFree In/Liner Out. Seafreight with which the shipper pays load costs andthe carrier pays for discharge costs.

FIOFree In/Out. Freight booked FIO includes the seafreight, but noloading/discharging costs, i.e. the charterer pays for cost ofloading/discharging cargo.

FIOS Free In/Out Stowed. As per FIO, but excludes stowage costs.

FIOSTFree In/Out and Trimmed. Charterer pays for cost of loading/dischargingcargo, including stowage and trimming.

FIOTFree In/Out and Trimmed. As per FIOS but includes trimming, e.g. thelevelling of bulk cargoes. FIOS includes seafreight, but excludesloading/discharging and stowage costs.


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FIT Free In Trimmed

FIW Free In Wagon

FIXING Chartering a Vessel

FIXTURE Conclusion of shipbrokers negotiations to charter a ship - an agreement

FLATPACKING Cargo to be presented stacked and secured as an integral unit.

FLT Full Liner Terms

FMC Federal Maritime Commission

FME Force Majeure Excepted

FMS Fathoms

FO1 For Orders

FO2(IFO) Fuel Oil/Intermediate FO

FO3 Free Out

FOBFree on Board. Seller sees the goods "over the ships rail" on to the shipwhich is arranged and paid for by the buyer

FOFFER Firm Offer

FOG For Our Guidance

FOQ Free On Quay

FOR Free On Rail

FORCE MAJEUREClause limiting responsibilities of the charterers, shippers and receivers ofcargo.

FORE-AND-AFT In a line parallel to the keel

FORWARD Toward the bow of the ship

FOT Free On Truck

FOW1 First Open Water

FOW2 Free On Wharf

FP Free Pratique. Clearance by the Health Authorities

FR First Refusal. First attempt at best offer that can be matched

FREEBOARDThe minimum vertical distance from the surface of the water to thegunwale


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FRT Freight. Money payable on delivery of cargo in a mercantile condition

FREE DESPATCHIf loading/discharging achieved sooner than agreed, there will be nofreight money returned.

FREE EXINS Free of any Extra Insurance (Owners)

FREE OUT Free of discharge costs to owners. Includes seafreight only.

FRUSTRATIONCharterers when cancelling agreement sometimes quote 'doctrine offrustration' i.e. vessel is lost, extensive delays.

FWAD Fresh Water Arrival Draft

FWDD Fresh Water Departure Draft

FYG For Your Guidance

FYI For Your Information

ABBREVIATION MEANING

GA General Average

GEAR A general term for ropes, blocks, tackle and other equipment

GLS (GLESS) Gearless

GNCN Gencon (GENERAL CONDITIONS)

GN (or GR) Grain (Capacity)

GO Gas Oil

GP Grain Capacity. Cubic capacity in 'grain'

GR Geographical Rotation. Ports in order of calling

GRD Geared

GRT

Gross Registered Tonnage

GSB Good, Safe Berth

GSP Good, Safe Port

GTEE Guarantee

GUNWALE The upper edge of a ship's sides


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2H Second Half

HA Hatch

HAGUE RULESCode of minimum conditions for the carriage of cargo under a Bill ofLading

HATCH An opening in a ship's deck fitted with a watertight cover

HBF Harmless Bulk Fertilizer

HDLTSBENDS Half Despatch Lay Time Saved Both Ends

HDWTS Half Despatch Working (or Weather) Time Saved

HHDW Handy Heavy d.w. (Scrap)

HIRE T/C Remuneration

HMS Heavy Metal Scraps

HO Hold

HOLDA compartment below deck in a large vessel, used solely for carryingcargo

HULL The main body of a ship

HW High Water

ICWIntercoastal Waterway : bays, rivers, and canals along the coasts (such asthe Atlantic and Gulf of Mexico coasts), connected so that vessels maytravel without going into the sea

IMDG International Maritime Dangerous Goods Code

IMO International Maritime Organisation

IN &/OR OVER Goods carried below and/or on deck

IND Indication

INTERMODALCarriage of a commodity by different modes of transport, i.e. sea, road, railand air within a single journey

INCOTERMS (Refer to comments in covering statement on front page A-F)

ITF International Transport Workers Federation (Trade Unions). Complies oncrewing

ITINERARY Route.Schedule

IU If Used

IUHTAUTC If Used, Half Time Actually To Count


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IWL Institute Warranty Limits

KEEL The centreline of a ship running fore and aft; the backbone of a vessel

KNOT A measurement of speed equal to one nautical mile (6,076 feet) per hour

LANE METERA method of measuring the space capacity of Ro/Ro ships whereby eachunit of space (Linear Meter) is represented by an area of deck 1.0 meter inlength x 2.0 meters in width.

LASH To hold goods in position by use of Ropes, Wires, Chains or Straps etc.

LATLatitude. The distance north or south of the equator measured andexpressed in degrees.

LAYCAN Laycan (Layday Cancelling Date)

LAYTIME Time at Charterers disposal for purpose of loading/discharging

L/C Letter of Credit

LCR Lowest Current Rate

LEE The side sheltered from the wind

LEEWARD The direction away from the wind. Opposite of windward

LEEWAY The sideways movement of the ship caused by either wind or current

LFLoad Factor. Percentage of cargo or passengers carries e.g. 4,000 tonscarried on a vessel of 10,000 capacity has a load factor of 40%

LIEN Retention of property until outstanding debt is paid

LNG Liquefied Natural Gas

LOA Length Overall of the vessel

LOAD LINESEE PLIMSOLL LINE

LOF Lloyds Open Form

LOG A record of courses or operation. Also, a device to measure speed

LOI Letter of Indemnity

LONGITUDEThe distance in degrees east or west of the meridian at Greenwich,England

LOW Last Open Water

LS (or LUMPS)Lumpsum Freight. Money paid to Shipper for a charter of a ship (orportion) up to stated limit irrespective of quantity of cargo


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LSD Lashed Secured Dunnaged

LT1 Liner Terms

LT2 Long Ton = 1,016.05 kilogram (2,240 lbs)

LTHH Liner Terms Hook/Hook

LW Low Water

LYCN Laycan (Layday Cancelling Date)

MANIFEST Inventory of cargo on board

MB Merchant Broker

MDO (DO) Marine Diesel Oil

MIDSHIP Approximately in the location equally distant from the bow and stern

MIN/MAX Minimum/Maximum (cargo quantity)

MOA Memorandum of Agreement

MOLCHOPT More or Less Charterers Option

MOLOO More or Less Owners Option

MOORING An arrangement for securing a ship to a mooring buoy or pier

MT Mertic Tonne (i.e. 1,000 kilos)

M/V Motor Vessel / Merchant Vessel

NAABSA Not Always Afloat But Safely Aground

NMNautical Mile. One minute of latitude; approximately 6,076 feet - about 1/8longer than the statute mile of 5,280 feet

NAVIGATION The art and science of conducting a ship safely from one point to another

NCB National Cargo Bureau

NESTINGImplies that cargo is presented stacked in the contour of similarly shapedcargo, it may be likened to a stack of plates. This is particularly relevant inthe presentation of tankage strakes for transport

NON-REVERSIBLE(Detention). If loading completed sooner than expected, then saved dayswill not be added to discharge time allowed.

NOR Notice of Readiness


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NRT Net Restricted Tonnage

NYPE New York Produce Exchange

OO Owners Option

OBO Ore/Bulk/Oil Vessel

OSH Open Shelter Deck

OVERBOARD Over the side or out of the ship

OWS Owners

P&I Protection and Indemnity Insurance

PASTUS Past Us

PC Period of Charter

PCGO Part Cargo

PCT Percent

PDPR Per Day Pro Rata

PERDIEM By the Day

PER SE By Itself

PHPD Per Hatch Per Day

PLIMSOLL MARKalt.PLIMSOLL LINEalt.LOAD LINE

An internationally recognised line painted on the side of merchantships. When a ship is loaded, the water level is not supposed to go abovethe line. Water can reach different parts of the line as its temperature andsaltiness varies with the season and location. From where PlimsollShipping derived its name.

PORT The left side of a ship looking forward. A harbour.

PRATIQUE Licence or permission to use a port

PREAMBLE Introduction to a charter party

PROFORMA Estimated Account

PUS Plus Us

PWWD Per Weather Working Day


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RCVR Receiver

RECAP Recapitulation of the terms and conditions agreed

REVERSIBLE(Detention). If loading completed sooner than expected at load port, thendays saved can be added to discharge operations.

ROB Remaining On Board

RT

Revenue Tonne (i.e. 1.0 metric tonne or 1.0 cubic meter, whichevergreater). The overall RT is calculated on a line by line basis of the PackingList using the largest amount. The overall freight liability is calculated onthe total RT amount, multiplied by the freight rate.

SATPM Saturday P.M.

SB Safe Berth

SD (or SID) Single Decker

SEAFREIGHT Costs charged for transporting goods over the sea. This does not coverhaulage or loading/discharging costs but the sea transport only

SEAWORTHINESSStatement of condition of the vessel (valid certificates, fully equipped andmanned etc.)

SELFD Self Discharging

SEMI-TRAILERS Are usually 12.0 meter flat bed road trailers

SFStowage Factor. Cubic space (measurement tonne) occupied by onetonne (2,240 lbs/1,000 kgs) of cargo

SHINC Sundays/Holidays Included

SHEX Sundays/Holidays Excluded

SKIDSAre bearers (timber or steel) positioned under the cargo to enable forklifthandling at port, and for ease of rigging and lashing on board ship.

SNSatellite Navigation - A form of position finding using radio transmissionsfrom satellites with sophisticated on-board automatic equipment

SOC Shipper Owned Container

SOF Statement of Facts

SP Safe Port

SPIDERINGIs the strengthening of circular tanks for transport, this prevents the tanksfrom becoming warped. The tanks are strengthened with steel or woodcrossbeams giving a "spider" appearance

SRBL Signing and Releasing Bill of Lading

SSHEX Saturdays, Sundays, Holidays Excluded

SSHINC (or Saturdays, Sundays, Holidays Included


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SATSHINC)

STABILITYIt is paramount that a vessel is stable in all aspects at all times. Whencargo is loaded/discharged, the stability is monitored by a computer, whichtakes into account the weight and position of cargo within the vessel.

STARBOARD Right side of a ship when facing the front or forward end.

STEMSubject to Enough Merchandise (Availability of cargo). Also, the forwardmost part of the bow.

STERN The aformost or after part of a ship

SUB Subject (to). Depending upon as a condition

SUPERCARGOPerson employed by a ship owner, shipping company, charterer of a shipor shipper of goods to supervise cargo handling operations. Often called aport captain.

SWAD Salt Water Arrival Draft

SWDD Salt Water Departure Draft

THWARTSHIPS At right angles to the centreline of the ship

TIDE The periodic rise and fall of water level in the oceans

TIME BAR Time after which legal claims will not be entered

TBN To Be Named / To Be Nominated

TCTime Charter - Owners agree to hire a particular ship for a set length oftime and provide technical management, crewing etc.

TCP Time Charter Party

TEU Standard 20' Container

TOPSIDESThe sides of a ship between the waterline and the deck; sometimesreferring to onto or above the deck

TRIM Fore and aft balance of a ship

TTL Total

TW Tween Decker

USC Unless Sooner Commenced

UU Unless Used

UUIWCTAUTC Unless Used In Which Case Time Actually Used To Count

VPD Vessel Pays Dues

WATERLINEA line painted on a hull which shows the point to which a ship sinks when itis properly trimmed


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WAY Movement of a ship through water such as headway, sternway or leeway

WCCON Whether Customs Cleared Or Not

WIBON 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

YAR York Antwerp Rules

YAW To swing or steer off course, as when running with a quartering sea

Z UTC = GMT

The greatest care has been taken in assembling the following definitions.

However they are offered with no guarantee as to their universal acceptance orapplication

ABBREVIATION DEFINITION

AA Always Afloat

AAAA Always Accessible Always Afloat

AAOSAAlways Afloat or Safe Aground. Condition for a vesselwhilst in port


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AARA Amsterdam-Antwerp-Rotterdam Area

ABAFT Toward the rear (stern) of the ship. Behind.

ABOARD On or within the ship

ABOVE DECK On the deck (not over it - see ALOFT)

ABT About

ADCOM Address Commission

ADDENDUM Additional chartering terms at the end of a charter party

AFSPS Arrival First Sea Pilot Station (Norway)

AFFREIGHTMENT The hiring of a ship in whole or part

AFT At or towards the stern or rear of a ship

AFMT After fixing main terms

AGROUND Touching or fast to the bottom

AGW All Going Well

AHL Australian Hold Ladders

AIDS TO NAVIGATIONArtificial objects to supplement natural landmarksindicating safe and unsafe waters

ALOFT Above the deck of the ship

AMIDSHIPS In or toward the centre of the ship

ANCHORAGEA place suitable for anchorage in relation to the wind,seas and bottom

ANTHAM Antwerp-Hamburg Range

APS Arrival Pilot Station

ARAG Amsterdam-Rotterdam--Antwerp-Gent Range

ARBITRATIONMethod of settling disputes which is usually binding onparties. A clause usually in a charter party

A/S Alongside


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ASBA American Shipbrokers Association

ASPW Any Safe Port in the World

ASTERN In the back of the ship, opposite of ahead

ATDNSHINC Any Time Day/Night Sundays and Holidays Included

ATHWARTSHIPS At right angles to the centreline of the ship

ATUTC Actual Times Used to Count

BACKLETTERWhere a seller/shipper issues a 'letter of indemnity' infavour of the carrier in exchange for a clean bill of lading

BAF

Bunker Adjustment Factor. A Fuel Surcharge expressedas a percentage added or subtracted from the freight

amount, reflecting the movement in the market placeprice for bunkers.

BALE CAP.Cubic capacity of a vessels holds to carry packaged drycargo such as bales/pallets

BALLASTHeavy weight, often sea water, necessary for thestability and safety of a ship which is not carrying cargo

BALLAST BONUS Compensation for relatively long ballast voyage

BAREBOAT CHTR.

Bareboat Charter - Owners lease a specific ship andcontrol its technical management and commercialoperations only. Charterers take over all responsibility

for the operation of the vessel and expenses for theduration.

BBBBefore Breaking Bulk. Refers to freight payments thatmust be received before discharge of a vesselcommences

BDI Both Dates Inclusive

BEAM The maximum breadth or the greatest width of a ship

BELOW Beneath the deck

BENDS Both Ends (Load & Discharge Ports)

BI Both Inclusive

BIMCO The Baltic and International Maritime Council

BL1 Bale


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BL2

(Bill of Lading) A document signed by the carrier whichacts as a Contract of Affreightment, a receipt andevidence of title to the cargo.

BM Beam

BN Booking Note

BOB Bunker on Board

BOFFER Best Offer

BOW The forward part of a ship

BROB Bunkers Remaining on Board

BROKERAGEPercentage of freight payable to broker (by owners in

c/p's) or applicable to sale or purchaseBSS Basis

BSS 1/1 Basis 1 Port to 1 Port

BT Berth Terms

BULKHEAD A vertical partition separating compartments

BUNDLING

This is the assembly of pieces of cargo, secured intoone manageable unit. This is relevant to items such as

Structural Steel, Handrails, Stairways etc. Whilst this isa very flexible description, a rule of thumb is to presentcargo at a size easily handled by a large (20 tonne) forklift.

BUNKERSName given for vessels Fuel and Diesel Oil supplies(Originates from coal bunkers)

BUOYAn anchored float used for marking a position on thewater or a hazard or a shoal and for mooring

BWAD Brackish Water Arrival Draft

CAF Currency Adjustment Factor

CBM Cubic Metres

CBFT (or CFT) Cubic Feet

CFR (or C&F) Cost and Freight


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CHART A map used by navigators

CHOPT Charterers Option

CHTRS Charterers

CIFCost, Insurance & Freight. Seller pays all these costs toa nominated port or place of discharge.

CKD Completely knocked down

COAContract of Affreightment - Owners agree to accept acost per revenue tonne for cargo carried on a specificnumber of voyages.

CIP Carriage and Insurance paid to...

COACP Contract of Affreightment Charter Party

COB Closing of Business

COBLDN Closing of Business London

COD Cash On Delivery

COGSA Carriage of Goods by Sea Act

CONGESTION Port/berth delays

CONS Consumption

C/SNEECONSIGNEE. Name of agent, company or personreceiving consignment

COP Custom Of Port

CP (or C/P) Charter Party

CPD Charterers Pay Dues

CPT Carriage Paid To

CQD Customary Quick Despatch

CR Current Rate

CROB Cargo Remaining on Board

CRN Crane


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CRTCargo Retention Clauses, introduced by charterersbased on shortage of delivered cargo because ofincreased oil prices

CST Centistoke

CTR Container Fitted

DA Disbursement Account

DAF Deliver At Frontier

DAPS Days all Purposes (Total days for loading & discharging)

DAMFORDET

Damages for Detention. Penalty if cargo is not readywhen ship arrives for working (1st day of Laycan). Thisis not detention which is charged for ships time on

delay. If the cargo is ready there is no DAMFORDET.DDU Delivered Duty unpaid.

DDP Delivered Duty Paid.

DECKA permanent covering over a compartment, hull or anypart thereof

DEMDemurrage (Quay Rent). Money paid by the shipper forthe occupying port space beyond a specified "FreeTime" period.

DEQ Delivered Ex Quay

DES Delivered Ex Ship

DESPDespatch. Time saved, reward for quick turnaround- indry cargo only

DET Detention (See DAMFORDET)

DEVDeviation. Vessel departure from specified voyagecourse

DFRTDeadfreight. Space booked by shipper or charterer on avessel but not used

DHDATSBE Despatch Half Demurrage on All Time Saved Both Ends

DHDWTSBEDespatch Half Demurrage on Working Time Saved BothEnds

DISCH Discharge


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DK Deck

DLOSP Dropping Last Outwards Sea Pilot (Norway)

DO Diesel Oil

DOLSP Dropping Off Last Sea Pilot (Norway)

DOP Dropping Outward Pilot

DOT Department of Transport

DNRCAOSLONLDiscountless and Non-Returnable Cargo and/or ShipLost or Not Lost

DRAUGHT (or DRAFT)

Depth to which a ship is immersed in water. The depthvaries according to the design of the ship and will be

greater or lesser depending not only on the weight ofthe ship and everything on board, but also on thedensity of the water in which the ship is lying.

DRK Derrick

DUNNAGE

Materials of various types, often timber or matting,placed among the cargo for separation, and henceprotection from damage, for ventilation and, in the caseof certain cargoes, to provide space in which the tynesof a fork lift truck may be inserted.

DWAT (or DWT)Deadweight. Weight of cargo, stores and water, i.e. the

difference between lightship and loaded displacement.

EBB A receeding current

EC East Coast

EIU Even If Used

ELVENT Electric Ventilation

ETA Estimated Time of Arrival

ETC Estimated Time of Completion

ETD Estimated Time of Departure

ETS Estimated Time of Sailing

EXW Ex Works


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FAC Fast as can

FASFree Alongside Ship. Seller delivers goods toappropriate dock or terminal at port of embarkation andbuyer covers costs and risks of loading

FCA

Free to Carrier. A modern equivalent of FAS used inintermodal transport where goods are transferred at anominated forwarders premises, depot or terminal butnot actually on board vessel.

FD (FDIS) Free Discharge

FDD Freight Demurrage Deadfreight

FDESP Free Despatch

FDEDANRSAOCLONL

Freight Deemed Earned, Discountless And Non-

Returnable (Refundable) Ship And Or Cargo Lost OrNot Lost

FENDERA cushion, placed between ships, or between a shipand a pier, to prevent damage

FEU Standard 40' Container

FHEX Fridays/Holidays Excluded

FHINC Fridays/Holidays Included

FILO

Free In/Liner Out. Seafreight with which the shipper

pays load costs and the carrier pays for dischargecosts.

FIOFree In/Out. Freight booked FIO includes the seafreight,but no loading/discharging costs, i.e. the charterer paysfor cost of loading/discharging cargo.

FIOSFree In/Out Stowed. As per FIO, but excludes stowagecosts.

FIOSTFree In/Out and Trimmed. Charterer pays for cost ofloading/discharging cargo, including stowage andtrimming.

FIOT

Free In/Out and Trimmed. As per FIOS but includestrimming, e.g. the levelling of bulk cargoes. FIOSincludes seafreight, but excludes loading/dischargingand stowage costs.

FIT Free In Trimmed

FIW Free In Wagon


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FIXING Chartering a Vessel

FIXTUREConclusion of shipbrokers negotiations to charter a ship- an agreement

FLATPACKING

Cargo to be presented stacked and secured as an

integral unit.

FLT Full Liner Terms

FMC Federal Maritime Commission

FME Force Majeure Excepted

FMS Fathoms

FO1 For Orders

FO2(IFO) Fuel Oil/Intermediate FO

FO3 Free Out

FOBFree on Board. Seller sees the goods "over the ship'srail" on to the ship which is arranged and paid for by thebuyer

FOFFER Firm Offer

FOG For Our Guidance

FOQ Free On Quay

FOR Free On Rail

FORCE MAJEUREClause limiting responsibilities of the charterers,shippers and receivers of cargo.

FORE-AND-AFT In a line parallel to the keel

FORWARD Toward the bow of the ship

FOT Free On Truck

FOW1 First Open Water

FOW2 Free On Wharf

FP Free Pratique. Clearance by the Health Authorities


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FRFirst Refusal. First attempt at best offer that can bematched

FREEBOARDThe minimum vertical distance from the surface of thewater to the gunwale

FRTFreight. Money payable on delivery of cargo in a

mercantile condition

FREE DESPATCHIf loading/discharging achieved sooner than agreed,there will be no freight money returned.

FREE EXINS Free of any Extra Insurance (Owners)

FREE OUTFree of discharge costs to owners. Includes seafreightonly.

FRUSTRATIONCharterers when cancelling agreement sometimesquote 'doctrine of frustration' i.e. vessel is lost, extensivedelays.

FWAD Fresh Water Arrival Draft

FWDD Fresh Water Departure Draft

FYG For Your Guidance

FYI For Your Information

GA General Average

GEARA general term for ropes, blocks, tackle and other

equipmentGLS (GLESS) Gearless

GNCN Gencon (GENERAL CONDITIONS)

GN (or GR) Grain (Capacity)

GO Gas Oil

GP Grain Capacity. Cubic capacity in 'grain'

GR Geographical Rotation. Ports in order of calling

GRD Geared

GRT Gross Registered Tonnage

GSB Good, Safe Berth


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INTERMODALCarriage of a commodity by different modes oftransport, i.e. sea, road, rail and air within a singleourney

INCOTERMS(Refer to comments in covering statement on front page

A-F)

ITFInternational Transport Workers Federation (TradeUnions). Complies on crewing

ITINERARY Route.Schedule

IU If Used

IUHTAUTC If Used, Half Time Actually To Count

IWL Institute Warranty Limits

KEEL

The centreline of a ship running fore and aft; the

backbone of a vessel

KNOTA measurement of speed equal to one nautical mile(6,076 feet) per hour

LANE METER

A method of measuring the space capacity of Ro/Roships whereby each unit of space (Linear Meter) isrepresented by an area of deck 1.0 meter in length x 2.0meters in width.

LASHTo hold goods in position by use of Ropes, Wires,Chains or Straps etc.

LATLatitude. The distance north or south of the equator

measured and expressed in degrees.

LAYCAN Laycan (Layday Cancelling Date)

LAYTIMETime at Charterers disposal for purpose ofloading/discharging

L/C Letter of Credit

LCR Lowest Current Rate

LEE The side sheltered from the wind

LEEWARD The direction away from the wind. Opposite of windward

LEEWAYThe sideways movement of the ship caused by eitherwind or current

LFLoad Factor. Percentage of cargo or passengers carriese.g. 4,000 tons carried on a vessel of 10,000 capacityhas a load factor of 40%


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LIEN Retention of property until outstanding debt is paid

LNG Liquefied Natural Gas

LOA Length Overall of the vessel

LOAD LINE SEE PLIMSOLL LINE

LOF Lloyds Open Form

LOGA record of courses or operation. Also, a device tomeasure speed

LOI Letter of Indemnity

LONGITUDEThe distance in degrees east or west of the meridian at

Greenwich, England

LOW Last Open Water

LS (or LUMPS)Lumpsum Freight. Money paid to Shipper for a charterof a ship (or portion) up to stated limit irrespective ofquantity of cargo

LSD Lashed Secured Dunnaged

LT1 Liner Terms

LT2 Long Ton = 1,016.05 kilogram (2,240 lbs)

LTHH Liner Terms Hook/Hook

LW Low Water

LYCN Laycan (Layday Cancelling Date)

MANIFEST Inventory of cargo on board

MB Merchant Broker

MDO (DO) Marine Diesel Oil

MIDSHIPApproximately in the location equally distant from thebow and stern

MIN/MAX Minimum/Maximum (cargo quantity)


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MOA Memorandum of Agreement

MOLCHOPT More or Less Charterers Option

MOLOO More or Less Owners Option

MOORINGAn arrangement for securing a ship to a mooring buoyor pier

MT Mertic Tonne (i.e. 1,000 kilos)

M/V Motor Vessel / Merchant Vessel

NAABSA Not Always Afloat But Safely Aground

NMNautical Mile. One minute of latitude; approximately6,076 feet - about 1/8 longer than the statute mile of

5,280 feet

NAVIGATIONThe art and science of conducting a ship safely fromone point to another

NCB National Cargo Bureau

NESTING

Implies that cargo is presented stacked in the contour ofsimilarly shaped cargo, it may be likened to a stack ofplates. This is particularly relevant in the presentation oftankage strakes for transport

NON-REVERSIBLE(Detention). If loading completed sooner than expected,then saved days will not be added to discharge time

allowed.

NOR Notice of Readiness

NRT Net Restricted Tonnage

NYPE New York Produce Exchange

OO Owners Option

OBO Ore/Bulk/Oil Vessel

OSH Open Shelter Deck

OVERBOARD Over the side or out of the ship

OWS Owners

P&I Protection and Indemnity Insurance


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PASTUS Past Us

PC Period of Charter

PCGO Part Cargo

PCT Percent

PDPR Per Day Pro Rata

PERDIEM By the Day

PER SE By Itself

PHPD Per Hatch Per Day

PLIMSOLL MARKalt.PLIMSOLL LINEalt.LOAD LINE

An internationally recognised line painted on the side ofmerchant ships. When a ship is loaded, the water levelis not supposed to go above the line. Water can reachdifferent parts of the line as its temperature andsaltiness varies with the season and location.

PORT The left side of a ship looking forward. A harbour.

PRATIQUE Licence or permission to use a port

PREAMBLE Introduction to a charter party

PROFORMA Estimated Account

PUS Plus Us

PWWD Per Weather Working Day

RCVR Receiver

RECAP Recapitulation of the terms and conditions agreed

REVERSIBLE(Detention). If loading completed sooner than expectedat load port, then days saved can be added to dischargeoperations.

ROB Remaining On Board

RTRevenue Tonne (i.e. 1.0 metric tonne or 1.0 cubicmeter, whichever greater). The overall RT is calculatedon a line by line basis of the Packing List using the


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largest amount. The overall freight liability is calculatedon the total RT amount, multiplied by the freight rate.

SATPM Saturday P.M.

SB Safe Berth

SD (or SID) Single Decker

SEAFREIGHTCosts charged for transporting goods over the sea. Thisdoes not cover haulage or loading/discharging costs butthe sea transport only

SEAWORTHINESSStatement of condition of the vessel (valid certificates,fully equipped and manned etc.)

SELFD Self Discharging

SEMI-TRAILERS Are usually 12.0 meter flat bed road trailers

SFStowage Factor. Cubic space (measurement tonne)occupied by one tonne (2,240 lbs/1,000 kgs) of cargo

SHINC Sundays/Holidays Included

SHEX Sundays/Holidays Excluded

SKIDSAre bearers (timber or steel) positioned under the cargoto enable forklift handling at port, and for ease of riggingand lashing on board ship.

SNSatellite Navigation - A form of position finding usingradio transmissions from satellites with sophisticatedon-board automatic equipment

SOC Shipper Owned Container

SOF Statement of Facts

SP Safe Port

SPIDERING

Is the strengthening of circular tanks for transport, thisprevents the tanks from becoming warped. The tanksare strengthened with steel or wood crossbeams givinga "spider" appearance

SRBL Signing and Releasing Bill of Lading

SSHEX Saturdays, Sundays, Holidays Excluded

SSHINC (or Saturdays, Sundays, Holidays Included


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SATSHINC)

STABILITY

It is paramount that a vessel is stable in all aspects at alltimes. When cargo is loaded/discharged, the stability ismonitored by a computer, which takes into account theweight and position of cargo within the vessel.

STARBOARDRight side of a ship when facing the front or forwardend.

STEMSubject to Enough Merchandise (Availability of cargo).

Also, the forward most part of the bow.

STERN The aformost or after part of a ship

SUB Subject (to). Depending upon as a condition

SUPERCARGOPerson employed by a ship owner, shipping company,charterer of a ship or shipper of goods to supervise

cargo handling operations. Often called a port captain.

SWAD Salt Water Arrival Draft

SWDD Salt Water Departure Draft

THWARTSHIPS At right angles to the centreline of the ship

TIDE The periodic rise and fall of water level in the oceans

TIME BAR Time after which legal claims will not be entered

TBN To Be Named / To Be Nominated

TCTime Charter - Owners agree to hire a particular ship fora set length of time and provide technical management,crewing etc.

TCP Time Charter Party

TEU Standard 20' Container

TOPSIDESThe sides of a ship between the waterline and the deck;sometimes referring to onto or above the deck

TRIM Fore and aft balance of a ship

TTL Total

TW Tween Decker

USC Unless Sooner Commenced


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UU Unless Used

UUIWCTAUTCUnless Used In Which Case Time Actually Used ToCount

VPD Vessel Pays Dues

WATERLINEA line painted on a hull which shows the point to whicha ship sinks when it is properly trimmed

WAYMovement of a ship through water such as headway,sternway or leeway

WCCON Whether Customs Cleared Or Not

WIBON 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

WPWeather Permitting. That time during which weatherprevents 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

YAR York Antwerp Rules

YAWTo swing or steer off course, as when running with aquartering sea

Z UTC = GMT

Documents

Chartering Terms and Definitions a 1