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Charter Terms and Abbreviations

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

AA Always AfloatAAAA Always Accessible Always AfloatAARA Amsterdam-Antwerp-Rotterdam AreaABT AboutADCOM Address CommissionAFSPS Arrival First Sea Piolt Station (Norway)AFFREIGHTMENT The hiring of a ship in whole or partAFT At or towards the stern or rear of a shipAGW All Going WellAHL Australian Hold LaddersANTHAM Antwerp-Hamburg RangeAPS Arrival Pilot StationARAG Amsterdam-Rotterdam--Antwerp-Gent RangeA/S AlongsideATDNSHINC Any Time Day/Night Sundays and Holidays UIncludedATUTC Actual Times Used to Count

Bunker Adjustment Factor. A Fuel Surcharge expressed as aBAF percentage added or subtracted from the freight amount,reflecting the movement in the market place price forbunkers.Heavy weight, often sea water, necessary for theBALLAST stability and safety of a ship which is not carryingcargo.Bareboat Charter - Owners lease a specific ship andBAREBOAT CHTR. control its technical management and commercialoperations only.BBB Before Breaking BulkBDI Both Dates InclusiveBENDS Both Ends (Load & Discharge Ports)BI Both InclusiveBIMCO The Baltic and International CouncilBL1 Bale(Bill of Lading) A document signed by the carrier whichBL2 acts as a Contract of Affreightment, a receipt andevidence of title to the cargo.BM BeamBEAM The maximum breadth of a shipBOB Bunker on BoardBOFFER Best OfferBROB Bunkers Remaining on Board

Charter Terms and Abbreviationshttp://www.ussco.sphosting.com/chart_abr.html1 of 811/11/2008 12:04 PM

BSS BasisBSS 1/1 Basis 1 Port to 1 PortBT Berth TermsThis is the assembly of pieces of cargo, secured into onemanageable unit. This is relevant to items such asBUNDLING Structural Steel, Handrails, Stairways etc. Whilst thisis a very flexible description, a rule of thumb is topresent cargo at a size easily handled by a large (20tonne) fork lift truck.BUNKERS Name given for vessels Fuel and Diesel Oil supplies(Originates from coal bunkers)BWAD Brackish Water Arrival Draft

CBM Cubic MeterCBFT (or CFT) Cubic FeetCFR (or C&F) Cost and FreightCHOPT Charterers OptionCHTRS CharterersCIF Cost, Insurance & Freight. Seller pays all these costs toa nominated port or place of discharge.CKD Completely knocked downContract of Affreightment - Owners agree to accept a costCOA per revenue tonne for cargo carried on a specific numberof voyages.COACP Contract of Affreightment Charter PartyCOB Closing of BusinessCOD Cas On DeliveryCOGSA Carriage of Goods by Sea ActCONS ConsumptionCOP Custom Of PortCP (or C/P) Charter PartyCPD Charterers Pay DuesCPT Carriage Paid ToCQD Customary Quick DespatchCR Current RateCROB Cargo Remaining on BoardCRN CraneCST CentistokeCTR Container Fitted

DAPS Days all Purposes (Total days for loading & discharging)Damages for Detention. Penalty if cargo is not ready whenDAMFORDET ship arrives for working (1st day of Laycan). This is notdetention which is charged for ships time on delay. Ifthe cargo is ready there is no DAMFORDET.DDU Delivered Duty unpaid.DDP Delivered Duty Paid.Demurrage (Quay Rent). Money paid by the shipper for theDEM occupying port space beyond a specified _Free Time_eriod.

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DESP DespatchDET Detention (See DAMFORDET)DHDATSBE Despatch Half Demurrage on All Time Saved Both EndsDHDWTSBE Despatch Half Demurrage on Working Time Saved Both EndsDISCH DischargeDK DeckDLOSP Dropping Last Outwards Sea Pilot (Norway)DO Diesel OilDOLSP Dropping Off Last Sea Pilot (Norway)DOP Dropping Outward PilotDOT Department of TransportDNRCAOSLONL Discountless and Non-Returnable Cargo and/or Ship Lost orNot LostDepth to which a ship is immersed in water. The depthDRAUGHT (or varies according to the design of the ship and will beDRAFT) greater or lesser depending not only on the weight of theship and everything on board, but also on the density ofthe water in which the ship is lying.DRK DerrickMaterials of various types, often timber or matting,placed among the cargo for separation, and henceDUNNAGE protection from damage, for ventilation and, in the caseof certain cargoes, to provide space in which the tynesof a fork lift truck may be inserted.DWAT (or DWT) Deadweight. Weight of cargo, stores and water, i.e. thedifference between lightship and loaded displacement.

EC East CoastEIU Even if UsedELVENT Electric VentilationETA Estimated Time of ArrivalETC Estimated Time of CompletionETD Estimated Time of DepartureETS Estimated Time of SailingEXW Ex Works

Free Alongside Ship. Seller delivers goods to appropriateFAS dock or terminal at port of embarkation and buyer coverscosts and risks of loading.Free to Carrier. A modern equivalent of FAS used inFCA intermodal transport where goods are transferred at anominated forwarder premises, depot or terminal but notactually put on board vessel.FDESP Free DespatchFDD Freight Demurrage DeadfreightFDIS Free DischargeFEU Standard 40_ ContainerFHEX Fridays/Holidays ExcludedFHINC Fridays/Holidays Included