Chartering Terms

A
AA Always Afloat
AAAA Always Accessible Always Afloat
AARA Amsterdam-Antwerp-Rotterdam Area
ABS American Bureau of Shipping
ABT About
ACCT- A/C Account
AD After date
ADCOM Address Commission
ADV Advise
ADDRESS COMMISSION A percentagem of commission sometimes specified in a charter party due to
charters based on the amount of freight
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
AG Arabian Gulf
AGW All Going Well
AHL Australian Hold Ladders
A/H Range of ports between and including antwerp/hamburg
ANTHAM Antwerp-Hamburg Range
APPS All purposes
APS Arrival Pilot Station
A/R All risk (insurance term)
ARA Antwerp – Rotterdam – Amsterdam ports
ARAG Amsterdam-Rotterdam–Antwerp-Ghent Range
ARD Around
ARV Atlantic round voyage
A/S Alongside
ASAP As soon as possible
A/T American terms (grain trade)
ATDNSHINC Any Time Day or Night Sundays and Holidays Included
ATUTC 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.
BB Below bridge – vessel will load / discharge below  bridge
BBB Before Breaking Bulk
B/D Barrels per day
BDI Both Dates Inclusive
BDLS Bundles
BE Both Ends
BEAM The maximum breadth of a ship
BENDS Both Ends (Load & Discharge Ports)
BH Bill of health
BHF Bulk harmless fertilizers
BI Both Inclusive
BIMCO The Baltic and International Maritime Council
B/L – BS/L Bill of lading
BL(1) Bale
BL(2) A document signed by the carrier which acts as a receipt and evidence of title to the cargo.
(Bill of Lading)
BLT Built
BM Beam
BNA British north atantic
BOB Bunker on Board
BOFFER Best Offer
B/P Bills payable
BRAZTIME Brazilian time
BRD Ship’s bridge
BROB Bunkers Remaining on Board
BS Bunker surcharge
BSS Basis
BSS 1/1 Basis 1 Port to 1 Port
BST British summer time
BT 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)
BW Brackish water
BWAD Brackish Water Arrival Draft
C
CANCELLING DATE Charter party term giving charterer option to cancel the contract in event of vessel not being ready to load by the specified date
CB Container base
CBM Cubic Meter
CBFT (or CFT) Cubic Feet
CBT Clean ballast tanks
CEAR DAYS Coal charter party term – indicating the first and last days are not included in the counting of time
C/F Carriage forward
CFR (or C&F) Cost and Freight
CGO Cargo
CHABE Charterer’s agents at both ends
CHOPT Charterers Option
CHTRS Charterers
CHXZ Chickens (frozen)
C&I Cost and insurance
CIF Cost, Insurance & Freight. Seller pays all these costs to a nominated port or place of discharge.
CIFCI Cost, insurance, freight, commission ande interest
CLD Could
CLN Clean (tankers, clean petroleum products – cpp)
CLOSING DATE Latest date cargo accepted for shipment by (liner) shipowner for specified sailing
CNTR(S) Container(s)
COA Contract of Affreightment – Owners agree to accept a cost per revenue ton for cargo carried on a specificnumber of voyages.
COACP Contract of Affreightment Charter Party
COB Close of Business
COD Cash On Delivery
COGSA Carriage of Goods by Sea Act
CONS Consumption
CONV Conveyances
COP Custom Of Port
COW Crude oil washing (tankers)
CP (or C/P) Charter Party
CPD Charterers Pay Dues
CPT Carriage Paid To
CQD Customary Quick Despatch
CROB Cargo Remaining on Board
CR Carriers risk or current rate
CRN Crane
CRND Craned
CSC Container safety certificate
CSD Closed shelter deck
CST Centistoke
CTR Container Fitted
C/X Shinc/shex (not very common)
CY Container yard
D
DANRSAOCLONL Discountless and non returnable ship and/or cargo lost or not lost ( freight)
DAPS Days all Purposes (Total days for loading & discharging)
DDU Delivered Duty unpaid.
DDP Delivered Duty Paid.
DEL Delivery
DEM Demurrage
DER Derricks
DESP Despatch
DET Detention
DETS Details (dts)
DF Dead freight
DFT Draft
DHDATSBE Despatch Half Demurrage on Actual Time Saved Both Ends
DHDWTSBE Despatch Half Demurrage on Working Time Saved Both Ends
DIS Discount
DISCH Discharge
DK Deck
DLOSP Dropping Last Outwards Sea Pilot (Norway)
DLY Daily
DO Diesel Oil
DOLSP Dropping Off Last Sea Pilot (Norway)
DOP Dropping Outward Pilot
DOT Department of Transport
DNRSAOCLONL Discountless and Non-Returnable Ship and/or Cargo Lost or Not Lost
DP Direct port
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
DRMS Drums
D/S Days after sight
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.
DT Deep tank
D/W Dock warrant
DWAT (or DWT) Deadweight. Weight of cargo, stores and water, i.e. the difference between
lightship and loaded displacement.
DWC Deadweight capacity
DWCC Deadweight cargo capacity
DWT Deadweight
E
EC East Coast
EIU Even if Used
ELVENT Electric Ventilation
EST Estimated
ETA Estimated Time of Arrival
ETC Estimated Time of Completion
ETD Estimated Time of Departure
ETS Estimated Time of Sailing
EX-QUAY Buyer responsible for charges after delivery on quay at billof lading destination – sellers pays lading chargers
EX-SHIP Seller pays freight to port of discharge and the buyerlanding and other chargers
EXW Ex Works
EX-WORK Export sold free of any insurance and freight / (transcar) chargers.Buyer bear all chargers and risk of the goods from seller’s factory until  the destination
F
FA Free alongside
FAC Fast as can
FAS Free Alongside Ship. Seller delivers goods to appropriate dock or terminal at port of embarkation and buyer covers costs and risks of loading.
FCL Full container load
FD Free of Despatch
F&D Freight and denurrage
FDD Freight Demurrage Deadfreight
FDIS Free Discharge
FEU Forty foot container equivalency unit – Standard 40′ Container
FFA Free from alongside – sellers pays for linghterage if incurred at port of discharge
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.
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.
FISLO Free in stowed liner out
FIOSTLSD Free in and out stowed, trimmed, lashed, secured, dunnaged
FIT Free In Trimmed
FIW Free In Wagon
FIXING Chartering a Vessel
FLG Flag
FLT Full Liner Terms – Shipowner pays to load and discharge the cargo
FLY Fully
FMC Federal Maritime Commission – US government agency
FMS 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
FOC Free of charge or flag of conveniece
FOD Free of damage
FOFFER Firm Offer
FOG For Our Guidance
FOJC Frozen orange juice concentrate
FOQ Free On Quay
FOR Free On Rail
FORCE MAJEURE Clause limiting responsibilities of the charterers, shippers and receivers due to events beyond their control.
FOT Free On Truck
FOW (1) First Open Water
FOW (2) Free On Wharf
FREE OUT Free of discharge costs to Owners
FRT Freight
FRZ Frozen
FWAD Fresh Water Arrival Draft
FWDD Fresh Water Departure Draft
FWSD Frash water sailing draft
FYG For Your Guidance
FYI For Your Information
G
G Grainspace
GA General Average
GASBEE Good and safe berth each ends
G/B Grain/bale capacity
GENCON – G/C -GC Code name for bimco charter-party
GLESS/GLSS Gearless
GLS Gearless
GNCN Gencon – a standard BIMCO charter party form
GN (or GR) Grain (capacity)
GO Gas Oil
GRD Geared
GRT Gross Registered Tonnage
GSAAAABBE Good and safe always afloat always accessible both ends.
GSB Good Safe Berth
GSP Good Safe Port
GTEE Guarantee
H
2H Second Half
HA Hatch
HDWTS Half Despatch Working Time Saved
HDWTSBE Half despatch working time saved both ends
HMS Heavy Metal Scrap
HO Hold
HROADS Hampton roads
HSS Heavy grain/ heavy soya sorghum
HW High Water
HV Have (verb)
I
IGS Inert gas system (tankers)
ILOHC in livied of hold cleaning (normally at redelivery – compensation to ows for
cleaning holds)
IMDG International Maritime Dangerous Goods Code
IMO International Maritime Organisation
INCE Insurance
IND Indication
INFO Information
INT Interest
INTERMODAL Carriage of a commodity by different modes of transport, i.e. sea, road, rail and air within a single journey.
ITF International Transport Federation – international body that regulates crewing of ships
IU If Used
IUATUTC If Used, Actual Time Used To Count
IUHATUTC If Used, Half Actual Time Used To Count
IWL 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) To hold goods in position by use of Ropes, Wires, Chains or Straps etc.
LASH (2) Lighter Aboard Ship – a vessel that loads small barges direct from the water
LAYCAN Period allotted in a charter-party for vessel’s arrival (loading/discharge ports)
with eventual penalty cancellation
LAYDAY Period allotted in a charter-party for loading/discharging cargo.
LAT Latitude
LIFO Liner in free out – carriers pays for loading cargo and importer pays for discharging
LNG Liquefied natural gas
LOA Length Overall of the vessel
LOCO Price of goods includes the cost or packing
LONG Longitute
LOW Last Open Water
LO/LO Lift on/lift off – full container ship (only useshore-crane)
LPG Liquefied petroleum gas
LPS Lumpsum
LS (or LUMPS) Lumpsum
LSD Lashed Secured Dunnaged
LT Liner Terms
LTD Linght ton displacement (normally scrap)
LW Low Water
LYCN Laycan (Layday Cancelling Date)
M
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 / 2204.6lbs)
M/V Motor Vessel
N
NAABSA Not Always Afloat But Safely Aground
NABR Not after baton rouge
NCB National Cargo Bureau
NE North east
NESTING Implies that cargo is presented stacked in the contour of similarly shaped cargo, it may be likened to a stack of plates.
NJ New jason (charter – party) clause
NOA Notice or arrival
NOA(2) Non over aged – vessel not more than 15 years.
NON-REVERSIBLE then saved days will not be added to discharge time
NOP Not otherwise provided
(Detention). If loading completed sooner than expected,   allowed.
NOR Notice of Readiness
NNGWB Not north of george washington bridge
NRT Net Registered Tonnage
NSEA North sea
NYPE New York Produce Exchange
NHC Non heat crude (oil)
NOPAC North pacific
O
AO Overall
O/A Overaged
OO Owners Option
OBO Oil/ Bulk / ore carries
OPT Option
OSH Open Shelter Deck
O/W One Way
OWS Owners
OWSE Other wise
P
PAH Per available hatch
PANAMAX Maximum size permitting passage panama channel
PASTUS Past Us
PC Period of Charter
PCC Pure car carrier
PCGO Part Cargo
PCT Percent
PDPR Per Day Pro Rata
PERDIEM Per Diem – By the Day
PG Persian gulf
PHPD Per Hatch Per Day
P&I Protection & Indemnity
PICO Port in charteres option
PLLTS Pellets
PLS /PSE Please
PPD Prepaid
PPT Prompt
PRATIQUE License or permission to use a port
Q
QTY Quantity
R
RCVD Received
RCVR Receivers
RDLY/REDEL Redelivery
RDM Rotterdan
RE With reference to
REBATE Na allowance made as dicount on an account rate
RGE Range
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.
R/V Round voyage
S
SATPM Saturday P.M.
SB Safe Berth
SBRZL South Brazil
SD (or SID) Single Decker
SDK Shelter deck
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 Self Discharging
SF Stowage factor. Cubic space occupied by one ton (2,240 lbs/1,000 kgs) of cargo.
SGD Signed
SHINC Sundays/Holidays Included
SHEX Sundays/Holidays Excluded
SID – SD Singke decker
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 Bale (capacity)
SO Seller’s option
SOC Shipper Owned Container
SOF Statement Of Facts
SP Safe Port
SPORE Singapore
SRBL Signing and Releasing Bill of Lading
SSHEX Saturdays, Sundays, Holidays Excluded
(or SATSHEX)
SSHINC Saturdays, Sundays, Holidays Included
(or SATSHINC)
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 Right side of a ship when facing the bow
STEM Subject To Enough Merchandise (Availability of Cargo)
STERN The aft part of a ship
SUB 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 Salt Water Arrival Draft
SWDD Salt Water Departure Draft
SWL Safe working lift/ load
SF Stowage factor
S/R Sign/release
T
TBN To be nominated
TD/ TWN Tween deck
TC Time Charter – Owners agree to hire a particular ship for a set length of time
TEU Twenty Foot Equivalency Unit – Standard 20′ Container
TIP Taking inward pilot
TMRRW Tomorrow
TNGE Tonnage
TOVALOP Tanker owners voluntary agreement concerning
TTL Total
TW Tween Decker
U
USAC u.s atlantic coast
USC Unless Sooner Commenced
USCG u.s coast guard
USEC u.s east coast
USNH u.s north of cape hatteras
USPC u.s unless used
UU Unless Used
UUIUATUTC Unless Used If Used Actual Time Used To Count
V
VPD Vessel Pays Dues
VSL Vessel
W
WBT Water ballast tank
WCCON Whether Customs Cleared Or Not
WECCON Whether cleared by customs or not
WG Weight garanteed
WGT Weight
WIBON Whether In Berth Or Not
WIFPON Whether In Free Pratique or not
WLD Wold
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
Y
YAR York Antwerp Rules
YR Your
YRS Years