19/12/2020 TANKERWORLD - Glossary of Chartering Abbreviations

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SPECIAL FEATURE: A Glossary of Chartering Abbreviations
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INDEX: 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
Key Fixtures
Tanker Bulletin A
News Archives AA Always Afloat

AAAA Always Accessible Always Afloat

AAOSA Always Afloat or Safe Aground

ABT About

ADCOM Address Commission

AFSPS Arrival First Sea Pilot Station

AGW All Going Well

AHL Australian Hold Ladders

ANTHAM Antwerp-Hamburg Range

APS Arrival Pilot Station

ARA Amsterdam-Rotterdam-Antwerp Range

ARAG Amsterdam-Rotterdam-Antwerp-Ghent Range

A/S Alongside

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ASPW Any Safe Port in the World

ATDNSHINC Any Time Day or Night Sundays and Holidays Included

ATUTC Actual Times Used to Count

B [back to index]
BAF Bunker Adjustment Factor

BALE CAP Cubic capacity of vessels holds measured inside the vessels structural members

BAREBOAT Bareboat Charter

CHTR
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

BM Beam

BN Booking Note

BOB Bunkers on Board

BOFFER Best Offer

BROB Bunkers Remaining on Board

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BSS Basis

BSS 1/1 Basis 1 Port to 1 Port

BT Berth Terms

BWAD Brackish Water Arrival Draft

C [back to index]
CAF Currency Adjustment Factor

CBM Cubic Meter

CBFT (or CFT) Cubic Feet

CFR (or C&F) Cost and Freight

CHOPT Charterers Option

CHTRS Charterers

CIF Cost, Insurance & Freight

CIP Carriage and Insurance paid to ..(named port)

COA Contract of Affreightment

COACP Contract of Affreightment Charter Party

COB Close of Business

COBLDN Close of Business London

COD Cash On Delivery

COGSA Carriage of Goods by Sea Act

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CONS Consumption

COW Crude Oil Washing

C/SNEE Consignee

COP Custom Of Port

CP (or C/P) Charter Party

CPD Charterers Pay Dues

CPT Carriage Paid To

CQD Customary Quick Despatch

CR Current Rate

CROB Cargo Remaining on Board

CRN Crane

CST Centistoke

CTR Container Fitted

D [back to index]
DA Disbursment Account

DAF Deliver at Frontier

DAPS Days all Purposes (Total days for loading & discharging)

DAMFORDET Damages for Detention

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DDU Delivered Duty unpaid.

DDP Delivered Duty Paid.

DEM Demurrage

DEQ Delivered Ex Quay

DES Delivered Ex Ship

DESP Despatch

DET Detention

DEV Deviation

DHDATSBE Despatch Half Demurrage on Actual Time Saved Both Ends

DHDWTSBE Despatch Half Demurrage on Working Time Saved Both Ends

DISCH Discharge

DK Deck

DLOSP Dropping Last Outwards Sea Pilot

DO Diesel Oil

DOLSP Dropping Off Last Sea Pilot

DOP Dropping Outward Pilot

DOT Department of Transport

DNRSAOCLONL Discountless and Non-Returnable Ship and/or Cargo Lost or Not Lost

DRK Derrick
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DWT Deadweight

DWAT Deadweight All Told

E [back to index]
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

F [back to index]
FAS Free Alongside Ship

FCA Free to Carrier

FDES Free Discharge

FDD Free Demurrage Deadfreight

FDESP Free of Despatch

FDD Freight Demurrage Deadfreight

FDIS Free Discharge

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FEU Forty foot equivalent unit

FHEX Fridays/Holidays Excluded

FHINC Fridays/Holidays Included

FILO Free In/Liner Out

FIO Free In/Out

FIOS Free In/Out Stowed

FIOT Free In/Out and Trimmed

FIOSLSD Free In/Out Stowed, Lashed, Secured and Dunnaged

FIOST Free In/Out and Trimmed

FIT Free In Trimmed

FIW Free In Wagon

FLT Full Liner Terms

FMC Federal Maritime Commission

FMS Fathoms

FO (1) For Orders

FO (IFO) (2) Fuel Oil/Intermediate FO

FO (3) Free Out

FOB Free on Board

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FOFFER Firm Offer

FOG For Our Guidance

FOQ Free On Quay

FOR Free On Rail

FOT Free On Truck

FOW (1) First Open Water

FOW (2) Free On Wharf

FP Free Pratique

FR First Refusal

FWAD Fresh Water Arrival Draft

FWDD Fresh Water Departure Draft

FYG For Your Guidance

FYI For Your Information

G [back to index]
GA General Average

GLS Gearless

GNCN Gencon

GN (or GR) Grain (capacity)

GO Gas Oil

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GRD Geared

GRT Gross Registered Tonnage

GSB Good Safe Berth

GSP Good Safe Port

GTEE Guarantee

H [back to index]
2H Second Half

HA Hatch

HBF Harmless Bulk Fertilizer

HDLTSBENDS Half Despatch Laytime Saved Both Ends

HDWTS Half Despatch Working Time Saved

HMS Heavy Metal Scrap

HO Hold

HW High Water

I [back to index]
ICW Inter Coastal Waterway

IMDG International Maritime Dangerous Goods Code

IMO International Maritime Organisation

IND Indication

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ITF International Transport Workers Federation

IU If Used

IUHTAUTC If Used, Half Time Actually To Count

IUATUTC If Used, Actual Time Used To Count

IUHATUTC If Used, Half Actual Time Used To Count

IWL Institute Warranty Limits

L [back to index]
LASH (1) To hold goods in position by use of Ropes, Wires, Chains or Straps etc.

LASH (2) Lighter Aboard Ship

LAT Latitude

L/C Letter of Credit

LCR Lowest Current Rate

LF Load Factor

LNG Liquified Natural Gas

LPG Liquified Petroleum Gas

LOA Length Overall of the vessel

LOF Lloyds Open Form

LOI Letter of Indemnity

LOW Last Open Water

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LS or LUMPS Lumpsum

LSD Lashed Secured Dunnaged

LT (1) Liner Terms

LT (2) Long Ton

LTHH Liner Terms Hook/Hook

LW Low Water

LYCN Laycan (Layday Cancelling Date)

M [back to index]
MB Merchant Broker

MDO (DO) Marine Diesel Oil

MIN/MAX Minimum/Maximum

MOA Memorandum of Agreement

MOLCHOPT More or Less Charterers Option

MOLOO More or Less Owners Option

MT Metric Tonne (i.e. 1,000 kilos / 2204.6lbs)

M/V Motor Vessel / Merchant Vessel

N [back to index]
NAABSA Not Always Afloat But Safely Aground

NM Nautical Mile

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NCB National Cargo Bureau

NON- If loading completed sooner than expected, then saved days will not be added to
REVERSIBLE discharge time allowed.

NOR Notice of Readiness

NRT Net Registered Tonnage

NYPE New York Produce Exchange

O [back to index]
OO Owners Option

OSH Open Shelter Deck

OWS Owners

P [back to index]
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

PWWD Per Weather Working Day

R [back to index]

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RCVR Receivers

RECAP Recapitulation of the terms agreed

REVERSIBLE If loading completed sooner than expected at load port, then days saved can be added to
discharge operations.

ROB Remaining On Board

RT Revenue Tonne

S [back to index]
SATPM Saturday P.M.

SB Safe Berth

SD (or SID) Single Decker

SELFD Self Discharging

SF Stowage factor

SHINC Sundays/Holidays Included

SHEX Sundays/Holidays Excluded

SOC Shipper Owned Container

SOF Statement Of Facts

SP Safe Port

SRBL Signing and Releasing Bill of Lading

SSHEX (or Saturdays, Sundays, Holidays Excluded

SATSHEX)
SSHINC or Saturdays, Sundays, Holidays Included
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SATSHINC
STEM Subject To Enough Merchandise

SUB Subject to

SWAD Salt Water Arrival Draft

SWDD Salt Water Departure Draft

T [back to index]
TBN To Be Nominated

TC Time Charter

TEU Twenty Foot Equivalent Unit

TTL Total

TW Tween Decker

U [back to index]
USC Unless Sooner Commenced

UU Unless Used

UUIUATUTC Unless Used If Used Actual Time Used To Count

V [back to index]
VPD Vessel Pays Dues

W [back to index]
WCCON Whether Customs Cleared Or Not

WIBON Whether In Berth Or Not

WIFPON Whether In Free Pratique or not

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WIPON Whether In Port Or Not

WLTOHC Water Line-To-Hatch Coaming

WOG Without Guarantee

WPD Weather Permitting Day

WS Worldscale

WWD Weather Working Day

WRIC Wire Rods In Coils

WWR When, Where Ready

WWWW Wibon, Wccon, Wifpon, Wipon

Y [back to index]
YAR York Antwerp Rules

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