TOOLs and FEATURES

CHARTERING TERMS ABBREVIATIONS II



 
  • LANE METER = method of measuring the space capacity of Ro/Ro ships whereby each unit of space 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
  • 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 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 Ton (i.e. 1,000 kilos / 2204.6lbs)
  • M/V = Motor Vessel
  • 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.
  • NOR = Notice of Readiness
  • NRT = Net Registered Tonnage
  • NYPE = New York Produce Exchange
  • 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 Ton (i.e. 1,000 kilos / 2204.6lbs)
  • M/V = Motor Vessel
  • 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 = Per Diem = By the Day
  • PHPD = Per Hatch Per Day
  • PRATIQUE = License or permission to use a port
  • RCVR = Receivers
  • ROB = Remaining On Board
  • RT = Revenue Ton (i.e. 1.0 metric Ton or 1.0 cubic meter, whichever is greater)
  • SATPM = Saturday P.M.
  • SB = Safe Berth
  • SD (or SID) = Single Decker
  • SEAFREIGHT = Costs charged for transporting goods over the sea. This does not cover any haulage or loading/discharging costs but the sea transport only.
  • SELFD = Self Discharging
  • 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
  • SL = Bale (capacity)
  • 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 = Saturdays, Sundays, Holidays Included
  • (or SATSHINC)
  • STABILITY = It is paramount that a vessel is stable in all respects at all times.
  • STARBOARD = Right side of a ship when facing the bow
  • STEM = Subject To Enough Merchandise (Availability of Cargo)
  • STERN = The aft part of a ship
  • SUB = Subject (to)
  • SUPERCARGO = Person employed to supervise cargo handling operations. Often called a port captain.
  • SWAD = Salt Water Arrival Draft
  • 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
  • TTL = Total
  • TW = Tween Decker
  • USC = Unless Sooner Commenced
  • UU = Unless Used
  • UUIUATUTC = Unless Used If Used Actual Time 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 Coaming
  • 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
  • YAR = York Antwerp Rules
 


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