Disclaimer
of warranty
Although www.trade-marine.com shall use its best efforts to provide accurate information www.trade-marine.com does not warrant accuracy of thereof. Www.trade-marine.com makes no warranties, expressed or implied, as to the results to be obtained from the use of its services and makes no warranties of merchantability of fitness for a particular purpose. Below glossary and collection of information is given in good faith and no accuracy is guaranteed whatsoever.
Rotterdam Island:
Wood Chip Carriers created an imaginary delivery/re-delivery place for time charters in case the ship is ballasting back from the Far East to East Coast South America via the Indian Ocean. That point is a floating geographical point which is always in the radius of 6297 nautical miles from Recalada Pilot Station/Argentina in the Indian Ocean. It is called Rotterdam Island because 6297 nm is the distance between Rotterdam and Recalada PS, so the Owners/Charterers can easily calculate the Trans Atlantic time charter equivalent.
Conversions
Bone Dry Metric Ton (BDMT)
2,204.6 pounds
0.9186 Bone Dry Unit
1.102 Bone Dry Short Ton
Grean Metric Ton
2,204.6 pounds
1.102 green short tons (GST)
Cubic foot
0.028317016 cubic meter
Cubic meter
35.31445 cubic feet
Bone Dry Unit
2.4 cubic meters (solid basis)
84.8 cubic feet (solid basis)
2,400 pounds
1.2 bone dry short tons (chips)
1.0886 BDMT
The conversion rate between dry and green metric ton depends on the moisture content of wood chips. If the wood chip has 30% moisture content then the conversion rate is GMT * (100-30)%= BDMT
CHARTERING
ABBREVIATIONS TERMS & DEFINITIONS
We have compiled a list of some of the most frequently used abbreviations and definitions that you may come across.
Frequently, parties to a contract are unaware of the different trading practices in their respective countries.
This can give rise to costly misunderstandings and disputes. Sending goods from one country to another, as part of a commercial transaction can be a risky business at the best of times. If the goods are lost, damaged, or if delivery does not take place for some reason, the climate of confidence between all interested parties may degenerate to the point where a lawsuit or arbitration is contemplated.
If, when drawing up their contract, the buyer and seller specifically refer to one of the Incoterms or Charter Terms, they can be sure of clearly defining their respective responsibilities simply and safely. Doing them so greatly reduce the possibility of misunderstandings and subsequent disputes.
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AAAA
Always Accessible Always Afloat
AARA
Amsterdam-Antwerp-Rotterdam Area
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
ARAG
Amsterdam-Rotterdam--Antwerp-Ghent Range
ATDNSHINC
Any Time Day or Night Sundays and Holidays Included
ATUTC
Actual Times Used to Count
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.
BENDS
Both Ends (Load & Discharge Ports)
BIMCO
The Baltic and International Maritime Council
BL (2)
(Bill of Lading) A document signed by the carrier which acts as a receipt and evidence of title to the cargo.
BEAM
The maximum breadth of a ship
BROB
Bunkers Remaining on Board
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 ton) fork lift truck.
BUNKERS
Name given for vessels Fuel and Diesel Oil supplies (Originates from coal bunkers)
BWAD
Brackish Water Arrival Draft
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
COGSA
Carriage of Goods by Sea Act
DAPS
Days all Purposes (Total days for loading & discharging)
DHDATSBE
Dispatch Half Demurrage on Actual Time Saved Both Ends DHDWTSBE
DLOSP
Dropping Last Outwards Sea Pilot (Norway)
DOLSP
Dropping Off Last Sea Pilot (Norway)
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.
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.
ETA
Estimated Time of Arrival
ETC
Estimated Time of Completion
ETD
Estimated Time of Departure
ETS
Estimated Time of Sailing
FAS
Free Alongside Ship. Seller delivers goods to appropriate dock or terminal at port of embarkation and buyer covers costs and risks of loading.
FDD
Freight Demurrage Deadfreight
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
FIO
Free In/Out. Freight booked FIO includes the sea freight, 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.
FLT
Full Liner Terms Shipowner pays to load and discharge the cargo
FMC
Federal Maritime Commission US government agency
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
FORCE MAJEURE
Clause limiting responsibilities of the charterers, shippers and receivers due to events beyond their control.
FREE OUT
Free of discharge costs to Owners
FWAD
Fresh Water Arrival Draft
FWDD
Fresh Water Departure Draft
GNCN
Gencon a standard BIMCO charter party form
HDWTS
Half Dispatch Working Time Saved
IMDG
International Maritime Dangerous Goods Code
IMO
International Maritime Organization
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
IUATUTC
If Used, Actual Time Used To Count
IUHATUTC
If Used, Half Actual Time Used To Count
IWL
Institute Warranty Limits
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
LOA
Length Overall of the vessel
LYCN
Laycan (Layday Canceling Date)
MIN/MAX
Minimum/Maximum (cargo quantity)
MOLCHOPT
More or Less Charterers Option
MOLOO
More or Less Owners Option
MT
Metric Ton (i.e. 1,000 kilos / 2204.6lbs)
NAABSA
Not Always Afloat But Safely Aground
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.
NYPE
New York Produce Exchange
PRATIQUE
License or permission to use a port
REVERSIBLE (Detention)
If loading completed sooner than expected at load port, then days saved can be added to discharge operations.
RT
Revenue Ton (i.e. 1.0 metric Ton or 1.0 cubic meter, whichever is 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.
SEAFREIGHT
Costs charged for transporting goods over the sea. This does not cover any haulage or loading/discharging costs but the sea transport only.
SF
Stowage factor. Cubic space occupied by one ton (2,240 lbs/1,000 kgs) of cargo.
SHINC
Sundays/Holidays Included
SHEX
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.
SRBL
Signing and Releasing Bill of Lading
SSHEX (or SATSHEX)
Saturdays, Sundays, Holidays Excluded
SSHINC
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 account the weight and position of cargo within the vessel.
STARBOARD
Right side of a ship when facing the bow
STEM
Subject To Enough Merchandise (Availability of Cargo)
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.
SWDD
Salt Water Departure Draft
TC
Time Charter Owners agree to hire a particular ship for a set length of time
TEU
Twenty Foot Equivalency Unit Standard 20' Container
UUIUATUTC
Unless Used If Used Actual Time Used To Count
WCCON
Whether Customs Cleared Or Not
WIFPON
Whether In Free Pratique or not
WWWW
Wibon, Wccon, Wifpon, Wipon
