Glossary
AA Always Afloat
AAAA Always Accessible Always Afloat
AARA Amsterdam-Antwerp-Rotterdam Area
ABT About
ADCOM Address Commission
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
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 Included
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.
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
B/L (Bill of Lading) A document signed by the carrier which
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
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 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 Dispatch
CR Current Rate
CROB Cargo Remaining on Board
CRN Crane
CST Centistokes
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 Lay can). 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
occupying port space beyond a specified _Free Time period.
DESP Dispatch
DET Detention (See DAMFORDET)
DHDATSBE Dispatch Half Demurrage on All Time Saved Both Ends
DHDWTSBE Dispatch 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 Discount less 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 types 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
FAS 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
intermeddle transport where goods are transferred at a nominated forwarder
premises, depot or terminal but not actually put on board vessel.
FDESP Free Dispatch
FDD Freight Demurrage Dead freight
FDIS Free Discharge
FEU Standard 40_ Container
FHEX Fridays/Holidays Excluded
FHINC Fridays/Holidays Included
FILO Free In/Liner Out. Sea freight with which the shipper
pays load costs and the carrier pays for discharge costs. Free In/Out. Freight
booked FIO includes the sea freight,
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 leveling of bulk cargoes. FIOS includes sea freight, 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
FOB Free on Board. Seller sees the goods over the ships 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 sea
freight 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 Dispatch 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 Organization
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.
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) Lump sum
LSD Lashed Secured Dunn aged
LT Liner Terms
LW Low Water
LYCN Lay can (Lay day Canceling 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
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 License 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
SEAFREIGHT 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 kegs) of cargo.
SHINC Sundays/Holidays Included
SHEX Sundays/Holidays Excluded
SOC Shipper Owned Container
SOF Statement Of Facts
SP Safe Port
SRBL Signing and Releasing Bill of Lading
SSHEX (or SATSHEX) Saturdays, Sundays, Holidays Excluded
SSHINC (or SATSHINC) Saturdays, Sundays, Holidays Included
STARBOARD Right side of a ship when facing the front or
forward end
STEM Subject To Enough Merchandise (Availability of Cargo)
STERN The foremost part of a ship
SUB Subject (to)
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 20ft. Container
TTL Total
TW Twin 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 Coming
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
Source: Trade Forum