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ABBREVIATION = MEANING
A
AA = Always Afloat
AAAA = Always Accessible Always Afloat
AAOSA = Always Afloat or Safe Aground. Condition for a vessel whilst in port
AARA = Amsterdam-Antwerp-Rotterdam Area
ABAFT = Toward the rear (stern) of the ship. Behind.
ABOARD = On or within the ship
ABOVE DECK = On the deck (not over it - see ALOFT)
ABT = About
ADCOM = Address Commission
ADDENDUM = Additional chartering terms at the end of a charter party
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
AGROUND = Touching or fast to the bottom
AGW = All Going Well
AHL = Australian Hold Ladders
AIDS TO NAVIGATION = Artificial objects to supplement natural landmarks indicating safe and unsafe waters
ALOFT = Above the deck of the ship
AMIDSHIPS = In or toward the centre of the ship
ANCHORAGE = A place suitable for anchorage in relation to the wind, seas and bottom
ANTHAM = Antwerp-Hamburg Range
APS = Arrival Pilot Station
ARAG = Amsterdam-Rotterdam--Antwerp-Gent Range
ARBITRATION = Method of settling disputes which is usually binding on parties. A clause usually in a charter party
A/S = Alongside
ASBA = American Shipbrokers Association
ASPW = Any Safe Port in the World
ASTERN = In the back of the ship, opposite of ahead
ATDNSHINC = Any Time Day/Night Sundays and Holidays Included
ATHWARTSHIPS = At right angles to the centreline of the ship
ATUTC = Actual Times Used to Count
B
BACKLETTER = Where a seller/shipper issues a 'letter of indemnity' in favour of the carrier in exchange for a clean B/L.
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.
BALE CAP = Cubic capacity of a vessels holds to carry packaged dry cargo such as bales/pallets
BALLAST = Heavy weight, often sea water, necessary for the stability and safety of a ship which is not carrying cargo
BALLAST BONUS = Compensation for relatively long ballast voyage
BAREBOAT CHTR. = Bareboat Charter - Owners lease a specific ship and control its technical management and commercial operations only. Charterers take over all responsibility for the operation of the vessel and expenses for the duration.
BBB = Before Breaking Bulk. Refers to freight payments that must be received before discharge of a vessel commences
BDI = Both Dates Inclusive
BEAM = The maximum breadth or the greatest width of a ship
BELOW = Beneath the deck
BENDS = Both Ends (Load & Discharge Ports)
BI = Both Inclusive
BIMCO = The Baltic and International Maritime Council
BL1 = Bale
BL2 = (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
BN = Booking Note
BOB = Bunker on Board
BOFFER = Best Offer
BOW = The forward part of a ship
BROB = Bunkers Remaining on Board
BROKERAGE = Percentage of freight payable to broker (by owners in c/p's) or applicable to sale or purchase
BSS = Basis
BSS 1/1 = Basis 1 Port to 1 Port
BT = Berth Terms
BULKHEAD = A vertical partition separating compartments
BUNDLING = This is the assembly of pieces of cargo, secured into one manageable unit. This is relevant to items such as Structural Steel, Handrails, Stairways etc. Whilst 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.
BUNKERS = Name given for vessels Fuel and Diesel Oil supplies (Originates from coal bunkers)
BUOY = An anchored float used for marking a position on the water or a hazard or a shoal and for mooring
BWAD = Brackish Water Arrival Draft
C
CAF = Currency Adjustment Factor
CBM = Cubic Metres
CBFT (or CFT) = Cubic Feet
CFR (or C&F) = Cost and Freight
CHART = A map used by navigators
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
COA = Contract of Affreightment - Owners agree to accept a cost per revenue tonne for cargo carried on a specific number of voyages.
CIP = Carriage and Insurance paid to...
COACP = Contract of Affreightment Charter Party
COB = Closing of Business
COBLDN = Closing of Business London
COD = Cash On Delivery
COGSA = Carriage of Goods by Sea Act
CONGESTION = Port/berth delays
CONS = Consumption
C/SNEE = CONSIGNEE. Name of agent, company or person receiving consignment
COP = Custom Of Port
CP (or C/P) = Charter Party
CPD = Charterers Pay Dues
CPT = Carriage Paid To
CQD = Customary Quick Despatch
CR = Current Rate
CROB = Cargo Remaining on Board
CRN = Crane
CRT = Cargo Retention Clauses, introduced by charterers based on shortage of delivered cargo because of increased oil prices
CST = Centistoke
CTR = Container Fitted
D
DA = Disbursement Account
DAF = Deliver At Frontier
DAPS = Days all Purposes (Total days for loading & discharging)
DAMFORDET = Damages for Detention. Penalty if cargo is not ready when ship arrives for working (1st day of Laycan). 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.
DECK = A permanent covering over a compartment, hull or any part thereof
DEM = Demurrage (Quay Rent). Money paid by the shipper for the occupying port space beyond a specified "Free Time" period.
DEQ = Delivered Ex Quay
DES = Delivered Ex Ship
DESP = Despatch. Time saved, reward for quick turnaround- in dry cargo only
DET = Detention (See DAMFORDET)
DEV = Deviation. Vessel departure from specified voyage course
DFRT = Deadfreight. Space booked by shipper or charterer on a vessel but not used
DHDATSBE = Despatch Half Demurrage on All 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 = Diesel Oil
DOLSP = Dropping Off Last Sea Pilot (Norway)
DOP = Dropping Outward Pilot
DOT = Department of Transport
DNRCAOSLONL = Discountless and Non-Returnable Cargo and/or Ship Lost or Not Lost
DRAUGHT (or 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 tynes 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.
E
EBB = A receeding current
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
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
FCA = Free to Carrier. A modern equivalent of FAS used in intermodal transport where goods are transferred at a nominated forwarders premises, depot or terminal but not actually on board vessel.
FD (FDIS) = Free Discharge
FDD = Freight Demurrage Deadfreight
FDESP = Free Despatch
FDEDANRSAOCLONL = Freight Deemed Earned, Discountless And Non-Returnable (Refundable) Ship And Or Cargo Lost Or Not Lost
FENDER = A cushion, placed between ships, or between a ship and a pier, to prevent damage
FEU = 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 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/discharging cargo.
FIOS = Free In/Out Stowed. As per FIO, but excludes stowage costs.
FIOST = Free In/Out and Trimmed. Charterer pays for cost of loading/discharging cargo, including stowage and trimming.
FIOT = Free In/Out and Trimmed. As per FIOS but includes trimming, e.g. the levelling of bulk cargoes. FIOS includes seafreight, but excludes loading/discharging and stowage costs.
FIT = Free In Trimmed
FIW = Free In Wagon
FIXING = Chartering a Vessel
FIXTURE = Conclusion of shipbrokers negotiations to charter a ship - an agreement
FLATPACKING = Cargo to be presented stacked and secured as an integral unit.
FLT = Full Liner Terms
FMC = Federal Maritime Commission
FME = Force Majeure Excepted
FMS = Fathoms
FO1 = For Orders
FO2 (IFO) = Fuel Oil/Intermediate FO
FO3 = Free Out
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 of cargo.
FORE-AND-AFT = In a line parallel to the keel
FORWARD = Toward the bow of the ship
FOT = Free On Truck
FOW1 = First Open Water
FOW2 = Free On Wharf
FP = Free Pratique. Clearance by the Health Authorities
FR = First Refusal. First attempt at best offer that can be matched
FREEBOARD = The minimum vertical distance from the surface of the water to the gunwale
FRT = Freight. Money payable on delivery of cargo in a mercantile condition
FREE DESPATCH = If loading/discharging achieved sooner than agreed, there will be no freight money returned.
FREE EXINS = Free of any Extra Insurance (Owners)
FREE OUT = Free of discharge costs to owners. Includes seafreight only.
FRUSTRATION = Charterers when cancelling agreement sometimes quote 'doctrine of frustration' i.e. vessel is lost, extensive delays.
FWAD = Fresh Water Arrival Draft
FWDD = Fresh Water Departure Draft
FYG = For Your Guidance
FYI = For Your Information

 

Chartering Terms A - F.......... Chartering Terms A - F