Shipping terms

 

Shipping Terms CHARTERING ABBREVIATIONS - TERMS & DEFINITIONS   A AA                                 AAAA AARA                        ABT                            ADCOM                    AFSPS                      AFFREIGHTMENT Always Afloat Always Accessible Always Afloat Amsterdam-Antwerp-Rotterdam Area About Address Commission Arrival First Sea Pilot Station (Norway) The hiring of a ship in whole or part AFT AGW AHL ANTHAM APS ARAG A/S ATDNSHINC ATUTC   At or towards the stern or rear of a ship All Going Well Australian Hold Ladders Antwerp-Hamburg Range Arrival Pilot Station Amsterdam-Rotterdam--Antwerp-Ghent Range Alongside Any Time Day or Night Sundays and Holidays Included Actual Times Used to Count B   BAF Bunker Adjustment Factor. A Fuel Surcharge expressed as a percentage added or subtracted from the freight amount reflecting the movement in the market place price for bunkers. BALLAST Heavy weight, often sea water, necessary for the stability and safety of a ship which is not carrying cargo. BAREBOAT CHTR Bareboat Charter - Owners lease a specific ship and control its technical management and commercial operations only.       BBB BDI BENDS BI BIMCO BL (1) Before Breaking Bulk Both Dates Inclusive Both Ends (Load & Discharge Ports) Both Inclusive The Baltic and International Maritime Council Bale BL (2) (Bill of Lading) A document signed by the carrier which acts as a receipt and evidence of title to the cargo. BM BEAM BOB BOFFER BROB BSS BSS 1/1 BT Beam The maximum breadth of a ship Bunker on Board Best Offer Bunkers Remaining on Board Basis Basis 1 Port to 1 Port Berth Terms BUNDLING This is the assembly of pieces of cargo, secured into one manageable unit.  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 C CBM CBFT (or CFT) CFR (or C&F) CHOPT CHTRS   Cubic Meter Cubic Feet Cost and Freight Charterers Option Charterers CIF Cost, Insurance & Freight. Seller pays all these costs to a nominated port or place of discharge. COA Contract of Affreightment - Owners agree to accept a cost per revenue ton for cargo carried on a specificnumber of voyages. COACP COB COD COGSA CONS COP CP (or C/P) CPD CPT CQD CROB CRN CST CTR Contract of Affreightment Charter Party Close of Business Cash On Delivery Carriage of Goods by Sea Act Consumption Custom Of Port Charter Party Charterers Pay Dues Carriage Paid To Customary Quick Despatch Cargo Remaining on Board Crane Centistoke Container Fitted D DAPS DDU DDP DEM DESP DET DHDATSBE DHDWTSBE DISCH DK DLOSP DO DOLSP DOP DOT DNRSAOCLONL Days all Purposes (Total days for loading & discharging) Delivered Duty unpaid. Delivered Duty Paid. Demurrage  Despatch Detention Despatch Half Demurrage on Actual Time Saved Both Ends Despatch Half Demurrage on Working Time Saved Both Ends Discharge Deck Dropping Last Outwards Sea Pilot (Norway) Diesel Oil Dropping Off Last Sea Pilot (Norway) Dropping Outward Pilot Department of Transport Discountless and Non-Returnable Ship and/or Cargo    Lost or Not Lost DRAFT Depth to which a ship is immersed in 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 on the density 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 hence protection from damage, for ventilation and, in the case of certain cargoes, to provide space in which the forks of a lift truck may be inserted. DWAT (or DWT) Deadweight. Weight of cargo, stores and water, i.e. the difference between lightship and loaded displacement. E   EC EIU ELVENT ETA ETC ETD ETS EXW East Coast Even if Used Electric Ventilation Estimated Time of Arrival Estimated Time of Completion Estimated Time of Departure Estimated Time of Sailing Ex Works F FAS Free Alongside Ship. Seller delivers goods to appropriate dock or terminal at port of embarkation and buyer covers costs and risks of loading. FD FDD FDIS FEU FHEX FHINC   Free of Despatch Freight Demurrage Deadfreight Free Discharge Forty foot container equivalency unit -  Standard 40' Container Fridays/Holidays Excluded Fridays/Holidays Included FILO Free In/Liner Out. Seafreight with which the shipper pays load costs and the carrier pays for discharge costs. FIO Free In/Out. Freight booked FIO includes the seafreight,but no loading/discharging costs, i.e. the charterer pays for cost of loading and discharging cargo. FIOS Free In/Out Stowed. As per FIO, but includes stowage costs. FIOT Free In/Out and Trimmed. As per FIOS but includes trimming - the leveling of bulk cargoes FIOSLSD Free In/Out Stowed, Lashed, Secured and Dunnaged. As per FIO,but includes cost of lashing securing and dunnaging cargo to Masters satisfaction. FIOST Free In/Out and Trimmed. Charterer pays for cost of loading/discharging cargo, including stowage and trimming. FIT FIW FIXING FLT FMC FMS Free In Trimmed Free In Wagon Chartering a Vessel Full Liner Terms - Shipowner pays to load and discharge the cargo Federal Maritime Commission - US government agency Fathoms - 6 feet FO (IFO)       FuelOil/Intermediate FO FOB   Free on Board. Seller sees the goods "over the ship's rail" on to the ship which is arranged and paid for by the buyer FOFFER FOG FOQ FOR Firm Offer For Our Guidance Free On Quay Free On Rail FORCE MAJEURE Clause limiting responsibilities of the charterers, shippers and receivers due to events beyond their control. FOT FOW (1) FOW (2) FREE OUT FWAD FWDD FYG FYI   Free On Truck First Open Water Free On Wharf Free of discharge costs to Owners Fresh Water Arrival Draft Fresh Water Departure Draft For Your Guidance For Your Information G GA GLS GNCN GN (or GR) GO GRD GRT GSB GSP GTEE   General Average Gearless Gencon  - a standard BIMCO charter party form Grain (capacity) Gas Oil Geared Gross Registered Tonnage Good Safe Berth Good Safe Port Guarantee H 2H HA HDWTS HMS HO HW   Second Half Hatch Half Despatch Working Time Saved Heavy Metal Scrap Hold High Water I IMDG IMO IND INTERMODAL ITF IU IUATUTC IUHATUTC IWL International Maritime Dangerous Goods Code International Maritime Organisation Indication Carriage of a commodity by different modes of transport, i.e. sea, road, rail and air within a single journey. International Transport Federation - international body that regulates crewing of ships If Used If Used, Actual Time Used To Count If Used, Half Actual Time Used To Count Institute Warranty Limits L LANE METER A method of measuring the space capacity of Ro/Ro ships whereby each unit of space (Linear Meter) is represented width. LASH (1) LASH (2) LAT LOA LOW LS (or LUMPS) LSD LT LW LYCN To hold goods in position by use of Ropes, Wires, Chains or Straps etc. Lighter Aboard Ship - a vessel that loads small barges direct from the water Latitude Length Overall of the vessel Last Open Water Lumpsum Lashed Secured Dunnaged Liner Terms Low Water Laycan (Layday Cancelling Date) M MB MDO (DO) MIN/MAX MOLCHOPT MOLOO MT M/V Merchant Broker Marine Diesel Oil Minimum/Maximum (cargo quantity) More or Less Charterers Option More or Less Owners Option Metric Tonne (i.e. 1,000 kilos / 2204.6lbs) Motor Vessel N NAABSA NCB NESTING NON-REVERSIBLE Not Always Afloat But Safely Aground National Cargo Bureau Implies that cargo is presented stacked in the contour of similarly shaped cargo, it may be likened to a stack of plates. then saved days will not be added to discharge time  (Detention). If loading completed sooner than expected,  allowed. NOR NRT NYPE   Notice of Readiness Net Registered Tonnage New York Produce Exchange O OO OSH OWS Owners Option Open Shelter Deck Owners P PASTUS PC PCGO PCT PDPR PERDIEM PHPD PRATIQUE   Past Us Period of Charter Part Cargo Percent Per Day Pro Rata Per Diem - By the Day Per Hatch Per Day License or permission to use a port R RCVR Receivers REVERSIBLE (Detention)     If loading completed sooner than expected at load port, then days 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,whichever greater).  The overall RT is calculated on a 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. S SATPM SB SD (or SID) Saturday P.M. Safe Berth Single Decker SEAFREIGHT Costs charged for transporting goods over the sea. This does not cover any haulage or loading/discharging costs but the sea transport only. SELFD SF SHINC SHEX Self Discharging Stowage factor. Cubic space occupied by one ton (2,240 lbs/1,000 kgs) of cargo. Sundays/Holidays Included Sundays/Holidays Excluded SKIDS Are bearers (timber or steel) positioned under cargo to enable fork lift handling at port, and for ease of rigging and lashing on board ship. SL SOC SOF SP SRBL Bale (capacity) Shipper Owned Container Statement Of Facts Safe Port Signing and Releasing Bill of Lading SSHEX (or SATSHEX) Saturdays, Sundays, Holidays Excluded SSHINC   (or SATSHINC) Saturdays, Sundays, Holidays Included STABILITY   It is paramount that a vessel is stable in all respects at all times. When cargo is loaded/discharged, the stability is monitored by a computer, which takes into vessel. STARBOARD STEM STERN SUB Right side of a ship when facing the bow Subject To Enough Merchandise (Availability of Cargo) The aft part of a ship Subject (to) SUPERCARGO 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 captain. SWAD SWDD Salt Water Arrival Draft Salt Water Departure Draft T TC TEU TTL TW Time Charter - Owners agree to hire a particular ship for a set length of time Twenty Foot Equivalency Unit - Standard 20' Container Total Tween Decker55 U USC UU UUIUATUTC Unless Sooner Commenced Unless Used Unless Used If Used Actual Time Used To Count V VPD Vessel Pays Dues W WCCON WIBON WIFPON WIPON Whether Customs Cleared Or Not Whether In Berth Or Not Whether In Free Pratique or not Whether In Port Or Not WLTOHC (distance)  Water Line-To-Hatch Coaming WOG WPD WWD WRIC WWR WWWW Without Guarantee Weather Permitting Day Weather Working Day Wire Rods In Coils When, Where Ready Wibon, Wccon, Wifpon, Wipon Y YAR York Antwerp Rules

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