12/04/2014

Shipbroker Notes: Abbreviations - 2


GA
General Average
GEAR
A general term for ropes, blocks, tackle and other equipment
GLS (GLESS)
Gearless
GNCN
Gencon (GENERAL CONDITIONS)
GN (or GR)
Grain (Capacity)
GO
Gas Oil
GP
Grain Capacity. Cubic capacity in 'grain'
GR
Geographical Rotation. Ports in order of calling
GRD
Geared
GRT
Gross Registered Tonnage
GSB
Good, Safe Berth
GSP
Good, Safe Port
GTEE
Guarantee
GUNWALE
The upper edge of a ship's sides
2H
Second Half
HA
Hatch
HAGUE RULES
Code of minimum conditions for the carriage of cargo under a Bill of Lading
HATCH
An opening in a ship's deck fitted with a watertight cover
HBF
Harmless Bulk Fertilizer
HDLTSBENDS
Half Despatch Lay Time Saved Both Ends
HDWTS
Half Despatch Working (or Weather) Time Saved
HHDW
Handy Heavy d.w. (Scrap)
HIRE
T/C Remuneration
HMS
Heavy Metal Scraps
HO
Hold
HOLD
A compartment below deck in a large vessel, used solely for carrying cargo
HULL
The main body of a ship
HW
High Water
ICW
Intercoastal Waterway : bays, rivers, and canals along the coasts (such as the Atlantic and Gulf of Mexico coasts), connected so that vessels may travel without going into the sea
IMDG
International Maritime Dangerous Goods Code
IMO
International Maritime Organisation
IN &/OR OVER
Goods carried below and/or on deck
IND
Indication
INTERMODAL
Carriage of a commodity by different modes of transport, i.e. sea, road, rail and air within a single journey
INCOTERMS
(Refer to comments in covering statement on front page A-F)
ITF
International Transport Workers Federation (Trade Unions). Complies on crewing
ITINERARY
Route.Schedule
IU
If Used
IUHTAUTC
If Used, Half Time Actually To Count
IWL
Institute Warranty Limits
KEEL
The centreline of a ship running fore and aft; the backbone of a vessel
KNOT
A measurement of speed equal to one nautical mile (6,076 feet) per hour
LANE METER
A method of measuring the space capacity of Ro/Ro ships whereby each unit of space (Linear Meter) is represented by an area of deck 1.0 meter in length x 2.0 meters in width.
LASH
To hold goods in position by use of Ropes, Wires, Chains or Straps etc.
LAT
Latitude. The distance north or south of the equator measured and expressed in degrees.
LAYCAN
Laycan (Layday Cancelling Date)
LAYTIME
Time at Charterers disposal for purpose of loading/discharging
L/C
Letter of Credit
LCR
Lowest Current Rate
LEE
The side sheltered from the wind
LEEWARD
The direction away from the wind. Opposite of windward
LEEWAY
The sideways movement of the ship caused by either wind or current
LF
Load Factor. Percentage of cargo or passengers carries e.g. 4,000 tons carried on a vessel of 10,000 capacity has a load factor of 40%
LIEN
Retention of property until outstanding debt is paid
LNG
Liquefied Natural Gas
LOA
Length Overall of the vessel
LOAD LINE
SEE PLIMSOLL LINE


LOF
Lloyds Open Form
LOG
A record of courses or operation. Also, a device to measure speed
LOI
Letter of Indemnity
LONGITUDE
The distance in degrees east or west of the meridian at Greenwich, England
LOW
Last Open Water
LS (or LUMPS)
Lumpsum Freight. Money paid to Shipper for a charter of a ship (or portion) up to stated limit irrespective of quantity of cargo
LSD
Lashed Secured Dunnaged
LT1
Liner Terms
LT2
Long Ton = 1,016.05 kilogram (2,240 lbs)
LTHH
Liner Terms Hook/Hook
LW
Low Water
LYCN
Laycan (Layday Cancelling Date)


MANIFEST
Inventory of cargo on board
MB
Merchant Broker
MDO (DO)
Marine Diesel Oil
MIDSHIP
Approximately in the location equally distant from the bow and stern
MIN/MAX
Minimum/Maximum (cargo quantity)
MOA
Memorandum of Agreement
MOLCHOPT
More or Less Charterers Option
MOLOO
More or Less Owners Option
MOORING
An arrangement for securing a ship to a mooring buoy or pier
MT
Mertic Tonne (i.e. 1,000 kilos)
M/V
Motor Vessel / Merchant Vessel
NAABSA
Not Always Afloat But Safely Aground
NM
Nautical Mile. One minute of latitude; approximately 6,076 feet - about 1/8 longer than the statute mile of 5,280 feet
NAVIGATION
The art and science of conducting a ship safely from one point to another
NCB
National Cargo Bureau
NESTING
Implies that cargo is presented stacked in the contour of similarly shaped cargo, it may be likened to a stack of plates. This is particularly relevant in the presentation of tankage strakes for transport
NON-REVERSIBLE
(Detention). If loading completed sooner than expected, then saved days will not be added to discharge time allowed.
NOR
Notice of Readiness
NRT
Net Restricted Tonnage
NYPE
New York Produce Exchange
OO
Owners Option
OBO
Ore/Bulk/Oil Vessel
OSH
Open Shelter Deck
OVERBOARD
Over the side or out of the ship
OWS
Owners
P&I
Protection and Indemnity Insurance
PASTUS
Past Us
PC
Period of Charter
PCGO
Part Cargo
PCT
Percent
PDPR
Per Day Pro Rata
PERDIEM
By the Day
PER SE
By Itself
PHPD
Per Hatch Per Day
PLIMSOLL MARK
PLIMSOLL LINE
LOAD LINE
An internationally recognised line painted on the side of merchant ships. When a ship is loaded, the water level is not supposed to go above the line. Water can reach different parts of the line as its temperature and saltiness varies with the season and location. From where Plimsoll Shipping derived its name.


PORT
The left side of a ship looking forward. A harbour.
PRATIQUE
Licence or permission to use a port
PREAMBLE
Introduction to a charter party
PROFORMA
Estimated Account
PUS
Plus Us
PWWD
Per Weather Working Day
RCVR
Receiver
RECAP
Recapitulation of the terms and conditions agreed
REVERSIBLE
(Detention). 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 (i.e. 1.0 metric tonne or 1.0 cubic meter, whichever greater). The overall RT is calculated on a line by line basis of the Packing List using the largest amount. The overall freight liability is calculated on the total RT amount, multiplied by the freight rate.
SATPM
Saturday P.M.
SB
Safe Berth
SD (or SID)
Single Decker
SEAFREIGHT
Costs charged for transporting goods over the sea. This does not cover haulage or loading/discharging costs but the sea transport only
SEAWORTHINESS
Statement of condition of the vessel (valid certificates, fully equipped and manned etc.)
SELFD
Self Discharging
SEMI-TRAILERS
Are usually 12.0 meter flat bed road trailers
SF
Stowage Factor. Cubic space (measurement tonne) occupied by one tonne (2,240 lbs/1,000 kgs) of cargo
SHINC
Sundays/Holidays Included
SHEX
Sundays/Holidays Excluded
SKIDS
Are bearers (timber or steel) positioned under the cargo to enable forklift handling at port, and for ease of rigging and lashing on board ship.
SN
Satellite Navigation - A form of position finding using radio transmissions from satellites with sophisticated on-board automatic equipment
SOC
Shipper Owned Container
SOF
Statement of Facts
SP
Safe Port
SPIDERING
Is the strengthening of circular tanks for transport, this prevents the tanks from becoming warped. The tanks are strengthened with steel or wood crossbeams giving a "spider" appearance
SRBL
Signing and Releasing Bill of Lading
SSHEX
Saturdays, Sundays, Holidays Excluded
SSHINC (or SATSHINC)
Saturdays, Sundays, Holidays Included
STABILITY
It is paramount that a vessel is stable in all aspects at all times. When cargo is loaded/discharged, the stability is monitored by a computer, which takes into account the weight and position of cargo within the vessel.
STARBOARD
Right side of a ship when facing the front or forward end.
STEM
Subject to Enough Merchandise (Availability of cargo). Also, the forward most part of the bow.
STERN
The aformost or after part of a ship
SUB
Subject (to). Depending upon as a condition
SUPERCARGO
Person employed by a ship owner, shipping company, charterer of a ship or shipper of goods to supervise cargo handling operations. Often called a port captain.
SWAD
Salt Water Arrival Draft
SWDD
Salt Water Departure Draft
THWARTSHIPS
At right angles to the centreline of the ship
TIDE
The periodic rise and fall of water level in the oceans
TIME BAR
Time after which legal claims will not be entered
TBN
To Be Named / To Be Nominated
TC
Time Charter - Owners agree to hire a particular ship for a set length of time and provide technical management, crewing etc.
TCP
Time Charter Party
TEU
Standard 20' Container
TOPSIDES
The sides of a ship between the waterline and the deck; sometimes referring to onto or above the deck
TRIM
Fore and aft balance of a ship
TTL
Total
TW
Tween Decker
USC
Unless Sooner Commenced
UU
Unless Used
UUIWCTAUTC
Unless Used In Which Case Time Actually Used To Count
VPD
Vessel Pays Dues
WATERLINE
A line painted on a hull which shows the point to which a ship sinks when it is properly trimmed


WAY
Movement of a ship through water such as headway, sternway or leeway
WCCON
Whether Customs Cleared Or Not
WIBON
Whether In Berth Or Not
WIFPON
Whether In Free Pratique Or Not
WINDWARD
Toward the direction from which the wind is coming
WIPON
Whether In Port Or Not
WLTOHC
Water Line-To-Hatch Coaming
WOG
Without Guarantee
WP
Weather Permitting. That time during which weather prevents working shall not count as laytime
WPD
Weather Permitting Day


WWD
Weather Working Day
WRIC
Wire Rods In Collis
WWR
When, Where Ready
WWWW
Wibon, Wccon, Wifpon, Wipon
YAR
York Antwerp Rules
YAW
To swing or steer off course, as when running with a quartering sea
Z
UTC = GMT