Part 7 Abbreviations & Glossary of Terms

September 2019

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    Part 7 – Commercial Abbreviations and Glossary of Terms

A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z

A

AA – always afloat

AAAA – always afloat, always accessible

ABS – America Bureau of Shipping (U.S. classification society/standard)

Abt – about

A/C – air changes (see elvent below) or account

A/D/A (or ADA) – all details about

Adcom – address commission

AG – Arabian gulf

ARA – Amsterdam-Rotterdam-Antwerp

ARAG – Amsterdam-Rotterdam-Antwerp-Ghent

AFSPS – arrival first sea pilot station

Aft – at or towards the stern of a ship

Aground – when the ship touches bottom

AGW – all going well

AHL – Australian hold ladders (ladders in the ships holds meeting the requirements of the Australian trades unions)

Amidships – at or towards to centre of a ship

AOB – as on board

AP – additional premium (insurance) or all purposes

APS – arrival pilot station

Arb – arbitration

ATDNSHINC – any time day/night Sundays & holidays included

ATS – all time saved (laytime)

ATUTC – actual time used to count (in relation to laytime)

AWRI – additional war risk insurance

AWIWL – always within Institute Warranty Limits

B

BAF – bunker adjustment factor

Bale capacity – cubic capacity of a cargo hold or holds measured as if cargo of bales/pallets

Ballast – weight taken on board by a ship other than cargo for stability purposes when empty or for making the ship lower in the water (ballast is usually sea water)

Ballast bonus – a bonus paid to the ship owner for compensation for ballasting the ship to a delivery place

BBB – before breaking bulk (meaning prior to the commencement of discharging from the ship)

BC (or B/C) – bulkcarrier

Beam or BM – the extreme width of a ship

BENDS – both ends (i.e. load and discharge ports)

BHF – Bulk Harmless Fertiliser

BIMCO – Baltic and International Maritime Council

B/L – bill of lading (document signed by the carrier, which acts as a receipt and evidence of title to the cargo)

BN – booking note (sometimes issued as a contract for a simple voyage)

BOB – bunkers on board

BOffer – best offer

Bow – the forward part of a ship

Brokerage – commission payable to the ship broker

BSS – basis

BT – berth terms

Bulkhead – vertical partition in the ship separating compartments

Bunkers – name given for the fuels used to propel a vessel

BWAD – brackish water arrival draft (brackish is neither fresh water or salt water)

C

CBM – cubic meters.

CBFT (or CUFT or CFT) – cubic feet

CFR (or C&F) – cost and freight (incoterm: port of destination, main carriage paid)

CHABE – charterer’s agents both ends

CHOPT – charterers option

CIF – cost, insurance and freight (incoterm: port of destination, main carriage and insurance paid)

CIP – carriage and insurance paid (incoterm: place of destination, main carriage and insurance paid)

COA – contract of affreightment – a contract (charter party) for a specific number of voyages

COB – close of business

COGSA – carriage of goods by sea act

COLREG – prevention of collisions at sea convention

CONCS – concentrates

CONS consumption – quantity of fuel used by the ships engine

COP – custom of (the) port

CP (or C/P) – charter party

CPT – carriage paid (incoterm: place of destination, carriage paid)

CQD – customary quick despatch

CST – centistokes (measure of the viscosity of fuel oil)

C/V/E – cables/victualling/entertainment

D

DA (or D/A) – disbursement account

DAP – Di-Ammonium Phosphate

DAP – delivered at place (incoterm: place of destination)

DAPS – days all purposes (the total number of days for loading & discharging)

DAT – delivered at terminal (incoterm: port or place of destination – now DPU, see below)

DD – dry dock

DDP – delivered duty paid (incoterm: place of destination)

DEM – demurrage

DES – despatch

DDFRT – dead freight

DHDATSBE – demurrage half despatch on all time saved both ends

DHDLTSBE – demurrage half despatch on all laytime saved both ends

DHDWTSBE – demurrage half despatch on working time saved both ends

DISCH – discharge

DLOSP – dropping last outward sea pilot

DOC – document of compliance (under ISM code see below)

DOP – dropping outward pilot

DOT – department of transport

DNRSAOCLONL – discount less and non returnable ship and/or cargo lost or not lost

DNV – Det Norske Veritas (Norwegian classification society/standard)

DPU – delivered at place unloaded (incoterm: place of destination, where seller unloads – formerly DAT)

DRAFT – depth to which a ship is immersed in water

DUNNAGE – materials, often timber or matting, placed among cargo for separation and increased stability or to protect the tank tops

DWAT or DWT – Dead Weight – the weight of the cargo, stores, bunkers, water.

E

EIU – even if used

ELVENT – electrically ventilated

ETA – estimated time of arrival

ETB – estimated time of berthing

ETC -estimated time of completion

ETD -estimated time of departure

ETS -estimated time of sailing

Expload – expected to load

EXW – Ex Works (incoterm: place of delivery, usually the seller’s premises, main carriage unpaid)

F

FAC -fast as can

FAS – free alongside (incoterm: port of shipment, main carriage unpaid)

FCA – free carrier (incoterm: place of delivery, main carriage unpaid)

FD – free discharge or free despatch

FDD – freight, deadfreight & demurrage

FDES – free despatch

FDEOSDNRSAOCLONL – freight deemed earned on shipment , discountless & Non returnable, ship &/or cargo lost or not lost

FEU – forty foot or equivalent unit (container)

FHEX – Fridays & holidays excluded

FHINC – Fridays & holidays included

FILO – free in/liner out

FIO – free in/out – the ship owner does not incur the loading and discharging costs

FIOS – free in/out and stowed. As per FIO but owner also free to stowage expenses

FIOST – free in/out, stowed and trimmed but can also mean: free in/out and spout trimmed

FIOT – free in/out and trimmed

FLT – full liner terms

FO – free out but can also mean fuel oil

FOB – free onboard (incoterm: port of shipment, main carriage unpaid)

FOW – first open water

FP – free pratique

FRT – freight

FWAD – fresh water arrival draft

FWDD – fresh water departure draft

FYG – for your guidance

FYI – for your information

G

GA – general average

GA plan – general arrangement plan

GLS (GLESS) – gearless (ship having no cranes or derricks)

GNCN – gencon

GN (or GR) – grain (cubic capacity)

GO – gas oil

GR (or Georot) – geographical rotation

Grain capacity – cubic capacity of a cargo hold or holds measured for bulk cargoes

GRT – gross registered tonnage

GSB – good and safe berth

GSP – good and safe port

GTEE – guarantee

H

HA – hatch

H and M – hull and machinery

HBF – harmless bulk fertiliser

HBI – Hot Briquetted Iron

HHDW – heavy, handy, deadweight (type of scrap)

HMS – heavy melting scrap

HO – holds (compartment below deck for cargo)

HRC – Hot Rolled Coils

HSS – Heavy grain Sorghums and Soyas

HTUTC – half time used to count (in relation to laytime)

HW – high water.

I

IACS – International Association of Classification Societies

IFO – Intermediate Fuel Oil

IGS – inert gas system

ILOHC – In lieu of hold cleaning (on redelivering a vessel)

ILOW – in lieu of weighing (usually expressed as a percentage, for example 0.5% of freight – for cargoes with high moisture content where the freight is paid on the bill of lading quantity as the delivered weight will be less as the moisture content will reduce during the voyage)

IMO – International Maritime Organisation

INDIC – indication

INL – international navigational limits

ITF – international transport workers federation (crew trade union)

ISM – international safety management

ISPS – international ships and port security system

IU – if used

IWL – Institute Warranty Limits

L

LAYCAN (also L/C) – laydays and cancelling dates

LAYTIME – time at charterers disposal for the purpose of loading &/or discharging

LBP – length between perpendiculars (of a ship)

LIFO – liner in free out

LMAA – London Maritime Arbitrators Association

LOA – length over all (of the ship)

LOC – letter of credit

LOF – lloyd’s open form

LOI – letter of indemnity

LOW – last open water

LS (or LSUM) – lumpsum

LSFO – low sulphur fuel oil

LT – liner terms – also can mean long tons (2240 lbs)

LTS – laytime saved (laytime)

M

MARPOL – convention for prevention of pollution from ships

MDO – marine diesel oil

MGO – marine gas oil

MIDSHIP – approximately equidistant from bow and stern of ship

MIN/MAX – minimum/maximum (usually cargo quantity or time charter period)

MOA – memorandum of agreement

MOLCHOPT – more or less in charterers option

MOLOO – more or less in owners option

MOP – Muriate of Potash

MT – metric ton (tonne) 1000 kilos

MV – motor vessel

N

NAABSA – not always afloat but safely aground

NCB – national cargo bureau

NK – Nippon Kaiji Kyokai (Japanese classification Society/standard)

NON REVERSIBLE – refers to laytime – the time allowed for loading respectively discharging cannot be computed together

NOR – notice of readiness

NRT – net registered tonnage

NYPE – new york produce exchange

O

OO – owners option

OBO – ore/bulk/oil (vessel)

OWS – owners

P

P&I – protection & indemnity (insurance)

PDPR – per day or pro rata

PHPD – per hatch per day

PICO – port in charterer’s option

PUS – past us

PWH – per workable hatch

PWHPD – per workable hatch per day

PWWD – per weather working day

Q

QWT – quay weight and tonnage dues (German ports)

R

RCVR – receiver

Reversible – laytime for loading and discharging can be computed together

ROB – remaining onboard (bunkers)

RORO – roll on and roll off (vehicle carrier)

S

SATPM – Saturday, after noon

SB – safe berth

SD – single deck (vessel)

SDBC – single deck bulkcarrier

SG – specific gravity

SP – safe port

SELFD (or) SELFDIS – self discharge (vessel)

SF – stowage factor (of cargo)

SHINC or SC – Sundays & holidays included

SHEX or SX – Sundays & holidays excluded

SMC – safety management certificate (under ISM code see above)

SOF – statement of facts

SOLAS – Safety of Life at Sea convention

S/R/B/L – signing and releasing Bills of Lading

SS – special survey

SSHEX (or SATSHEX) – Saturdays, Sundays & holidays excluded

SSHINC (or SATSHINC) – Saturdays, Sundays & holidays included

SSW – summer salt water

ST – short ton (2000 lbs)

STBC – self trimming bulk carrier Describes a bulk carrier that is capable of loading a full cargo of free-flowing grain without trimming (other than spout/loader trimming) to the cargo after the completion of loading. This is a customary term in charter negotiations but when chartering, the term should not normally be used without offering additional explanation of exactly what is meant.

SWAD – salt water arrival draft

SWDD – salt water departure draft

SWL – safe working load

T

TEU – twenty foot equivalent unit (containers)

TBN – to be named or to be nominated or to be narrowed

TBRN – to be re-named

TC – time charter

TCP – time charter party

TCT – time charter trip

TFW – tropical fresh water

TIP – taking inward pilot

TPC – tons per centimetre (immersion)

TPI – tons per inch (immersion)

TSP – Triple Super Phosphate

TT – turntime

TTBE – turntime both ends

TTL – total

TW – tween deck (vessel)

U

USAC – United States Atlantic Coast

USC – unless sooner commenced

USG – United States Gulf (of Mexico)

USNH – United States north of Cape Hateras

UU – unless used

UUIWCATUTC – unless used in which case actual time used to count (in relation to laytime)

W

WCCON – whether customs cleared or not

WECON – whether entered customs or not

WIBON – whether in berth or not

WIFPON – whether in free pratique or not

WIPON – whether in port or not

WLTHC – water line to top of hatch coming (the distance)

WMT – Wet Metric Tons (Being the weight of cargo loaded before the voyage commences typically for Iron Ore and Concentrates)

WOG – without guarantee

WP – weather permitting

WTS – working time saved (laytime)

WWD – weather working day

WRIC – wire rods in coils

WW – world wide

WWF – Waterside Workers Federation (Australian Union)

WWR – when and where ready

WWWW – wibon, wccon (or wecon), wifpon, wipon (see above)

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2020-08-10T09:15:42+00:00