Some useful shipping terms

  • ADCOM Commission Rebate in Charterers' favour
  • ATDNSHINC Any Time Day or Night Sundays and Holidays Included
  • BL(S), B/L(S) Bill(s) of Lading
  • BN, B/N Booking Note Often refers to a C/P form
  • CBM Cubic Metre 1 Cbm =35,314475 Cbf
  • CF Cost and Freight Condition of sale of the cargo (frequently refering to Incoterms)
  • CGO Cargo
  • CHOP Charterers' Option
  • CHRTR(S) Charterer(s)
  • CMI Comite Maritime International
  • COA Contract of Affreightment Any C/P is a COA. However "COA" is currently used only for contracts involving more than one voyage
  • CP, C/P Charterparty
  • DA, D/A Disbursements Account
  • DEMDES Demurrage/Despatch Money
  • DISCH Discharge
  • ETA/B/C/D/S Expected (ou Estimated) Time of Arrival/Berthing/Completion/Departure/Readiness of Sailing
  • FT Foot 1 foot = 30,479448 centimetres
  • FXD Fixed
  • GRT Gross Registered Tonnage Volume of the hull in units of 100 cbf (2,8317 cbm)
  • IMO (ex IMCO) International Maritime Organisation Consultative body, branch of the United Nations
  • KN, KNT, KT Knot Unit of speed for Vessels 1kn = 1 mile (1852 m) per hour 1 mile = 1' of the great circle of the earth
  • LAYCAN, L/C Laydays / Cancelling (date)
  • L/D Loading / Discharging
  • LS, L/S Lumpsum
  • MINMAX Minimum / Maximum The exact quantity of cargo that vessel undertakes to load and that Charterers undertake to ship
  • MOA Memorandum of agreement Sale contract of a vessel
  • MOLOO More or less at Owners' option Relates to a margin at the option of the Owners, f.i. +/- 5% on the quantity of cargo
  • MT Metric Ton
  • MT, M/T Motor Tanker
  • MV, M/V Motor Vessel
  • NOR Notice Of Readiness By custom
  • NYPE New York Produce Exchange (Time Charterparty)
  • OO (at) Owners' Option
  • PNX Panamax - Vessel within the physical limits of the Panama Canal LO.A. 274,30 metres for cargo ships/ 289,50 metres for container or passengers ships Beam 32,30 metres
  • SOF Statement Of Facts To be fully valid SOF must be signed by the Master, the Agent and the Charterers or their representatives
  • TC, T/C Timecharter
  • VOY Voyage
  • VSL Vessel
  • WOG Without Guaranty
  • WP Weather Permitting