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-Ghent Range
A/S – Alongside
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 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 – Before Breaking Bulk
BDI – Both Dates Inclusive
BENDS – Both Ends (Load & Discharge Ports)
BI – Both Inclusive
BIMCO – The Baltic and International Maritime Council
BL (1) – 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
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
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 – 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.
COA – Contract of Affreightment - Owners agree to accept a cost per revenue ton for cargo carried on a specific number 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
COP – Custom Of Port
CP (or C/P) – Charter Party
CPD – Charterers Pay Dues
CPT – Carriage Paid To
CQD – Customary Quick Despatch
CROB – Cargo Remaining on Board
CRN – Crane
CST – Centistoke
CTR – Container Fitted
CVE – Communication / Victuals / Entertainment
D
DAPS – Days all Purposes (Total days for loading & discharging)
DDU – Delivered Duty unpaid.
DDP – Delivered Duty Paid.
DEM – Demurrage
DESP – Despatch
DET – Detention
DHDATSBE – Despatch Half Demurrage on Actual 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 – 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
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 – 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
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 – Free of Despatch
FDD – Freight Demurrage Deadfreight
FDIS – Free Discharge
FEU – Forty foot container equivalency unit - 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 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 – Free In Trimmed
FIW – Free In Wagon
FIXING – Chartering a Vessel
FLT – Full Liner Terms - Shipowner pays to load and discharge the cargo
FMC – Federal Maritime Commission - US government agency
FMS – Fathoms - 6 feet
FO (IFO) – Fuel Oil/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 – Firm Offer
FOG – For Our Guidance
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
FWAD – Fresh Water Departure Draft
FYG – For Your Guidance
FYI – For Your Information
G
GA – General Average
GLS – Gearless
GNCN – Gencon - a standard BIMCO charter party form
GN (or GR) – Grain (capacity)
GO – Gas Oil
GRD – Geared
GRT – Gross Registered Tonnage
GSB – Good Safe Berth
GSP – Good Safe Port
GTEE – Guarantee
H
2H – Second Half
HA – Hatch
HDWTS – Half Despatch Working Time Saved
HMS – Heavy Metal Scrap
HO – Hold
HW – High Water
I
ILOHC – In Lieu of Holds Cleaning
IMDG – International Maritime Dangerous Goods Code
IMO – International Maritime Organisation
IND – Indication
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 by an area of deck 1.0 meter in length x 2.0 meters in 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
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)
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
NCB – National Cargo Bureau
NESTING – Implies that cargo is presented stacked in the contour of similarly shaped cargo, it may be likened to a stack of plates.
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 Registered Tonnage
NYPE – New York Produce Exchange
O
OO – Owners Option
OSH – Open Shelter Deck
OWS – Owners
P
P&I – Protection and Indemnity Insurance
PDA – Proforma Disbursements Account
PDPR – Per Day Pro Rata
PNI – Protection and Indemnity Insurance
PORT – Place where a vessel is able to load or discharge cargo
PRO FORMA – A forecast or estimate
PWWD – Per Weather Working Day
Q
Q – Quantity
QQ – Quarantine
R
RC – Reachable Capacity
REDEL – Redelivery
ROB – Remaining on Board
RT – Revenue Ton
S
SALE AND PURCHASE – The sale of a ship from one party to another
S&C – Shipper and Carrier
SD – Single Deck
SDK – Shipped on Deck
SEAWORTHINESS – Fitness of a vessel to carry cargo
SHEX – Sundays and Holidays Excepted
SHINC – Sundays and Holidays Included
SOLAS – Safety of Life at Sea Convention
SP – Safe Port
SPS – Special Purpose Ship
SSHEX – Saturdays, Sundays and Holidays Excepted
STC – Said To Contain
STEM – Cargo to be shipped
SUB – Subject To
T
TEL – Telex
TENDER – To offer for transportation
TEU – Twenty-foot Equivalent Unit
TLX – Telex
TON – Unit of weight
TPC – Tons Per Centimeter
TPD – Tons Per Day
TPI – Tons Per Inch
TT – Telegraphic Transfer
TTL – Total
U
UCP – Uniform Customs and Practice
USC – Unless Sooner Commenced
UT – Universal Time
V
V – Vessel
V/C – Voyage Charter
VESSEL – Ship or craft
VLCC – Very Large Crude Carrier
VOCC – Vessel Operating Common Carrier
VOP – Vessel Operating Procedure
VP – Voyage Profit
VSL – Vessel
W
W – West
WAR RISK – Insurance against war risks
WBP – Weather Bound Port
WD – Working Day
WDR – War Risk
WWD – Weather Working Day
WWDSHEX – Weather Working Day Sundays and Holidays Excepted
WWR – When and Where Ready
WWRC – When and Where Ready on Completion of discharge
