| Charter Parties I – Course 8450 Please become thoroughly familiar with each of the terms and acronyms listed below. We will discuss many (but not all) of them in class. You should also consult a good shipping and / or chartering dictionary. _________________________________________________ About (for e.g. “about 6 months”) About (for e.g. “about 25,000 metric tons of grain”) A.B.S. Accept / Except (A/E) Address commission Air draft All told Always afloat APS ARA A.S.B.A. A.S.B.A. Code of Ethics ASBATIME 1981 ATDNSHINC Average accidents to vessel or cargo Back to back charter Backtrading Bale cubic Ballast bonus Baltic Exchange Baltime Barecon Barrel Beaufort Scale Beam Bill of lading (straight, order, clean, dirty) BIMCO Break bulk Broker’s authority Broker’s breach of warranty of authority Broker’s channels Bunkers on delivery Bunkers on redelivery B.V. Cash (Masters) advances C and F sale Charterers market CHOPT Classification Society Clause Paramount COGSA Commission (brokerage) Competitive broker Constants Conwartime Clauses Cubic cargo Deadweight Default of men Deficiency of men Disponent owner Displacement DLOSP DOP Down to marks Double bottoms Draft Drydocking Due despatch DWAT DWCC Ejusdem generis E and O Insurance Fiduciary F D and D Insurance Firm offer Firm order First class charterer First open water Fixture Flag of convenience FOB sale FONASBA Freeboard Freight collect B/L Full reach and burden Fumigations FWAD FWDD General average GMT Grab discharge Grace period (anti technicality) clause Grain cubic Gross registered tonnage Grounding Hague Rules (Hague Visby Rules) Head owner Hire Hire “in advance” Hull and machinery insurance HSS IGS IFO ILOHC IMO IWL Inherent vice Interclub Agreement ITF ITF clause Jason Clause Knot Laycan Letter of Indemnity (LOI) Light displacement LOA LBP Long tom Maritime lien Mate’s receipt MDO MGO Metric ton Min / max Mutual exceptions clause NAABSA Nautical mile Net registered tonnage NYPE 46 NYPE 93 OBO Off hire Off hire survey On hire survey “Our Word - Our Bond’ Owners market Overlap Panama Canal Tonnage Partial final award (arbitration) Pilotages Plimsoll Mark Port (husbanding) agent Prepaid freight B/L Prior hire Prohibition of Lien Clause Prompt Ship Protective Clauses P and I Club P and I Club letter of undertaking Protective Agents Principal / agent relationship Recap (telex, fax or email) Redelivery Redelivery bonus Redelivery in like good order Registered owner Redelivery notice Requisition R.I.N.A Safe port / berth Seaworthiness Self-trimming bulker Short ton S.M.A. S and P broker Stowage factor Spot vessel Stability strapping SSW Stem Stevedore standby time Supercargo Sub - charter Subject details Subject open (or unfixed) Subject stem Subject receivers Suez Canal Tonnage Summer loadline zone SWAD Tacking tanktop TBN TEU TIP TPI TTL Tramp vessel Tween deck Undisclosed principal UKAH USAC USNH Ullage Underlap VLCC Whatsoever Wing tanks Winter North Atlantic Zone Withdrawal WOG WWR York Antwerp Rules |