EUROPEAN SHIPPING DIRECTORY

CHARTERING TERMS ABBREVIATIONS

 

 
  • 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-Ghent Range
  • A/S = Alongside
  • ATDNSHINC = Any Time Day or Night Sundays and Holidays Included
  • ATUTC = Actual Times Used to Count
  • BAF = Bunker Adjustment Factor.
  • 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
  • BBB = Before Breaking Bulk
  • BDI = Both Dates Inclusive
  • BENDS = Both Ends (Load & Discharge Ports)
  • BI = Both Inclusive
  • BIMCO = The Baltic and International Maritime Council
  • BL (1) = Bale
  • BL (2) = (Bill of Lading) A document signed by the carrier which acts as 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
  • BT = Berth Terms
  • BUNDLING = the assembly of pieces of cargo, secured into one manageable unit.
  • BUNKERS = Name given for vessels Fuel and Diesel Oil supplies
  • 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.
  • 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
  • COB = Close 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
  • CROB = Cargo Remaining on Board
  • CRN = Crane
  • CST = Centistoke
  • CTR = Container Fitted
  • DAPS = Days all Purposes (Total days for loading & discharging)
  • DDU = Delivered Duty unpaid.
  • DDP = Delivered Duty Paid.
  • DEM = Demurrage
  • DESP = Dispatch
  • DET = Detention
  • DHDATSBE = Dispatch Half Demurrage on Actual Time Saved
  • 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
  • DNRSAOCLONL = Discountless and Non-Returnable Ship and/or Cargo Lost or Not Lost
  • DRAFT = Depth to which a ship is immersed in water.
  • DRK = Derrick
  • DUNNAGE = Materials 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.
  • 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 dock or terminal at port of embarkation and buyer covers costs and risks of loading.
  • FD = Free of Dispatch
  • FDD = Freight Demurrage Deadfreight
  • FDIS = Free Discharge
  • 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 = carrier pays for discharge costs.
  • FIO = Free In/Out. Freight booked FIO includes the sea freight, but no loading/discharging costs, i.e.
  • 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.
  • FIOST = Free In/Out and Trimmed. Charterer pays for cost of loading/discharging cargo, including stowage and trimming.
  • FIT = Free In Trimmed
  • FIW = Free In Wagon
  • FIXING = Chartering a Vessel
  • FLT = Full Liner Terms Shipowner pays to load and discharge the cargo
  • FMC = Federal Maritime Commission US government agency
  • FMS = Fathoms = 6 feet
  • FO (IFO) = Fuel Oil/Intermediate FO
  • 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 and receivers due to events beyond their control.
  • FOT = Free On Truck
  • FOW = First Open Water or Free On Whart
  • FREE OUT = Free of discharge costs to Owners
  • 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 a standard BIMCO charter party form
  • GN (or GR) = Grain (capacity)
  • GO = Gas Oil
  • GRD = Geared
  • GRT = Gross Registered Tonnage
  • GSB = Good Safe Berth
  • GSP = GoodSafe Port
  • GTEE = Guarantee
  • 2H = Second Half
  • HA = Hatch
  • HDWTS = Half Dispatch Working Time Saved
  • HMS = Heavy Metal Scrap
  • HO = Hold
  • HW = High Water
  • IMDG = International Maritime Dangerous Goods Code
  • IMO = International Maritime Organization
  • IND = Indication
  • INTERMODAL = Carriage of a commodity by different modes of transport
  • ITF = International Transport Federation international body that regulates crewing of ships
  • IU = If Used
  • IUATUTC = If Used, Actual Time Used To Count
  • IUHATUTC = If Used, Half Actual Time Used To Count
  • IWL = Institute Warranty Limits

CHARTERING TERMS ABBREVIATIONS II

 

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