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Charters Terms
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Charter Terms and Abbreviations
Published from
kind permits Mr.Kevin Stephens / Plimsoll Shipping http://www.uq.net.au/~zzksteph
Pleas visit also: UNITED SHIPPING INTERNATIONAL TRADE &
TRANSPORTATION GLOSSARY
AA Always Afloat AAAA Always Accessible Always
Afloat AARA Amsterdam-Antwerp-Rotterdam Area ABT About ADCOM Address
Commission AFSPS Arrival First Sea Piolt Station (Norway) AFFREIGHTMENT
The hiring of a ship in whole or part AFT At or towards the stern or rear of
a ship AGW All Going Well AHL Australian Hold Ladders ANTHAM
Antwerp-Hamburg Range APS Arrival Pilot Station ARAG
Amsterdam-Rotterdam--Antwerp-Gent Range A/S Alongside ATDNSHINC Any Time
Day/Night Sundays and Holidays UIncluded ATUTC Actual Times Used to Count
Bunker Adjustment Factor. A Fuel Surcharge expressed as a BAF percentage added
or subtracted from the freight amount, reflecting the movement in the market
place price for bunkers.Heavy weight, often sea water, necessary for
the BALLAST stability and safety of a ship which is not carrying
cargo. Bareboat Charter - Owners lease a specific ship and BAREBOAT CHTR.
control its technical management and commercial operations only. BBB Before
Breaking Bulk BDI Both Dates Inclusive BENDS Both Ends (Load &
Discharge Ports) BI Both Inclusive BIMCO The Baltic and International
Council BL1 Bale (Bill of Lading) A document signed by the carrier
which BL2 acts as a Contract of Affreightment, a receipt and evidence of
title to the cargo. BM Beam BEAM The maximum breadth of a ship BOB
Bunker on Board BOFFER Best Offer BROB Bunkers Remaining on Board BSS
Basis BSS 1/1 Basis 1 Port to 1 Port BT Berth Terms This is the
assembly of pieces of cargo, secured into one manageable unit. This is relevant
to items such as BUNDLING Structural Steel, Handrails, Stairways etc. Whilst
this is a very flexible description, a rule of thumb is to present cargo at a
size easily handled by a large (20 tonne) fork lift truck. BUNKERS Name given
for vessels Fuel and Diesel Oil supplies (Originates from coal bunkers) BWAD
Brackish Water Arrival Draft CBM Cubic Meter CBFT (or CFT) Cubic
Feet CFR (or C&F) Cost and Freight CHOPT Charterers Option CHTRS
Charterers CIF Cost, Insurance & Freight. Seller pays all these costs to
a nominated port or place of discharge. CKD Completely knocked
down Contract of Affreightment - Owners agree to accept a cost COA per
revenue tonne for cargo carried on a specific number of voyages. COACP
Contract of Affreightment Charter Party COB Closing of Business COD Cas On
Delivery COGSA Carriage of Goods by Sea Act CONS Consumption 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 CST Centistoke CTR Container
Fitted DAPS Days all Purposes (Total days for loading &
discharging) Damages for Detention. Penalty if cargo is not ready
when DAMFORDET ship arrives for working (1st day of Laycan). This is 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. Demurrage (Quay Rent). Money paid by the shipper for the DEM
occupying port space beyond a specified _Free Time_period. DESP
Despatch DET Detention (See DAMFORDET) 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 Depth to which a ship is immersed in water. The depth DRAUGHT
(or varies according to the design of the ship and will be DRAFT) greater or
lesser depending not only on the weight of the ship and everything on board, but
also on the density of the water in which the ship is lying. DRK Derrick
Materials of various types, often timber or matting, placed among the cargo for
separation, and hence DUNNAGE protection from damage, for ventilation and, in
the case of certain cargoes, to provide space in which the tynes of 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. 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 Free Alongside
Ship. Seller delivers goods to appropriate FAS dock or terminal at port of
embarkation and buyer covers costs and risks of loading. Free to Carrier. A
modern equivalent of FAS used in FCA intermodal transport where goods are
transferred at a nominated forwarder premises, depot or terminal but not
actually put on board vessel. FDESP Free Despatch FDD Freight Demurrage
Deadfreight FDIS Free Discharge 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 discharge costs. Free In/Out. Freight booked FIO includes the
seafreight, FIO but no loading/discharging costs, i.e. the charterer pays for
cost of loading/discharging cargo. FIOS Free In/Out Stowed. As per FIO, but
includes stowage costs. Free In/Out and Trimmed. Charterer pays for cost
of FIOST loading/discharging cargo, including stowage and trimming. Free
In/Out and Trimmed. As per FIOS but includes FIOT trimming, e.g. the
levelling of bulk cargoes. FIOS includes seafreight, but excludes
loading/discharging and stowage costs. FIT Free In Trimmed FIW Free In
Wagon FIXING Chartering a Vessel FLATPACKING Cargo to be presented stacked
and secured as an integral unit. FMC Federal Maritime Commission FMS
Fathoms FO (IFO) Fuel Oil/Intermediate FO Free on Board. Seller sees the
goods _over the ship_s FOB rail_ on to the ship which is arranged and paid
for by the buyer FOFFER Firm Offer FOG For Our Guidance FOQ Free On
Quay FOR Free On Rail FORCE MAJEUR Clause limiting responsibilities of the
charterers, shippers and receivers of cargo. FOT Free On Truck FOW1 First
Open Water FOW2 Free On Wharf FREE DESPATCH If loading/discharging
achieved sooner than agreed, there will be no freight money returned. FREE
OUT Free of discharge costs to owners. Includes seafreight only. FWAD Fresh
Water Arrival Draft FWDD Fresh Water Departure Draft FYG For Your
Guidance FYI For Your Information GA General Average GLS
Gearless GNCN Gencon (General Conditions) GN (or GR) Grain
(capacity) GO Gas Oil GRD Geared GRT Gross Restricted Tonnage GSB
Good Safe Berth GSP Good Safe Port GTEE Guarantee 2H Second Half HA
Hatch HDWTS Half Despatch Working (or Weather) Time Saved HHDW Handy Heavy
d.w. (scrap) HMS Heavy Metal Scraps HO Hold HW High Water IMDG
International Maritime Dangerous Goods Code IMO International Maritime
Organisation IN&/OR OVER Goods carried below or on deck IND
Indication INTERMODAL Carriage of a commodity by different modes of
transport, i.e. sea, road, rail and air within a single journey. INCOTERMS
(Refer comments in covering letter) ITF Complies on Crewing IU If
Used IUHTAUTC If Used, Half Time Actually To Count IWL Institute Warranty
Limits A method of measuring the space capacity of Ro/Ro ships LANE METER
whereby each unit of space (Linear Meter) is represented by an area of deck 1.0
meter in length x 2.0 meters in width. LASH To hold goods in position by use
of Ropes, Wires, Chains or Straps etc. LAT Latitude LOA Length Overall of
the vessel LOW Last Open Water LS (or LUMPS) Lumpsum LSD Lashed Secured
Dunnaged LT Liner Terms LW Low Water LYCN Laycan (Layday Cancelling
Date) MB Merchant Broker MDO (DO) Marine Diesel Oil MIN/MAX
Minimum/Maximum (cargo quantity) MOLCHOPT More or Less Charterers
Option MOLOO More or Less Owners Option MT Metric Tonne (i.e. 1,000
kilos) M/V Motor Vessel NAABSA Not Always Afloat But Safely Aground NCB
National Cargo Bureau Implies that cargo is presented stacked in the contour
of NESTING similarly shaped cargo, it may be likened to a stack of plates.
This is particularly relevant in the presentation of tankage strakes for
transport. (Detention). If loading completed sooner than
expected, NON-REVERSIBLE 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 OSH Open Shelter Deck OWS
Owners 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 PRATIQUE Licence or permission to use a
port RCVR Receivers (Detention). If loading completed sooner than expected
at REVERSIBLE load port, then days saved can be added to discharge
operations. ROB Remaining On Board Revenue Tonne (i.e. 1.0 metric Tonne or
1.0 cubic meter, whichever greater). The overall RT is calculated on a RT line
by line basis of the Packing List using the largest amount. The overall freight
liability is calculated on the total RT amount, multiplied by the freight
rate. SATPM Saturday P.M. SB Safe Berth SD (or SID) Single
Decker Costs charged for transporting goods over the sea. This SEAFREIGHT
does not cover any haulage or loading/discharging costs but the sea transport
only. SELFD Self Discharging SEMI-TRAILERS Are usually 12.0 meter flatbed
road trailers SF Stowage 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 Are bearers (timber or steel)
positioned under cargo to SKIDS enable fork lift handling at port, and for
ease of rigging and lashing on board ship. SL Bale (capacity) SOC
Shipper Owned Container SOF Statement Of Facts SP Safe Port Is the
internal strengthening of circular tanks for SPIDERING transport, this
prevents the tanks becoming warped. The tanks are strengthened with steel or
wood crossbeams giving a _spider_ appearance. SRBL Signing and Releasing Bill
of Lading SSHEX (or SATSHEX) Saturdays, Sundays, Holidays
Excluded SSHINC (or SATSHINC) Saturdays, Sundays, Holidays Included It
is paramount that a vessel is stable in all respects at all times. When cargo is
loaded/discharged, the STABILITY stability is monitored by a computer, which
takes into account the weight and position of cargo within the
vessel. STARBOARD Right side of a ship when facing the front or forward
end STEM Subject To Enough Merchandise (Availability of Cargo) STERN The
aformost part of a ship SUB Subject (to) Person employed by a ship owner,
shipping company, SUPERCARGO 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 Time Charter - Owners
agree to hire a particular ship for TC a set length of time and provide
technical management, crewing etc. TEU Standard 20_ Container 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 WCCON Whether Customs Cleared Or Not WIBON Whether In
Berth Or Not WIFPON Whether In Free Pratique or not WIPON Whether In Port
Or Not WLTOHC (distance) Water Line-To-Hatch Coaming WOG Without
Guarantee WPD Weather Permitting Day WWD Weather Working Day WRIC Wire
Rods In Coils WWR When, Where Ready WWWW Wibon, Wccon, Wifpon,
Wipon YAR York Antwerp Rules Z UTC = GMT
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