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# Maritime Terms, Abbreviations and Acronyms [ Shipping Terms]
- URL: https://www.blog.nestict.com/maritime-terms-abbreviations-and-acronyms-shipping-terms/
- Published: 2024-09-15T08:28:51.000Z
- Updated: 2025-06-16T07:17:39.000Z
- Author: Nestict News Team (CSR)
- Tags: Banking, Business, Economy, Featured, Newsbeat, Technology, #Migrated-1750058186872, #wp, #wp-post, #Import 2025-06-16 10:16

FIOS (FREE IN, OUT, STOWED) :

It is most important to remember that the “Free” reference is viewed from the Ship Owners point of view – not the Shipper’s. Some Shippers get caught out when they read the word “Free” as they incorrectly believe that it refers to them.

Freight rates quoted on a FIOS basis specifically exclude all aspects relating to cargo handling operations. The ship is only responsible for expenses arising as a result of the ship calling into the port, i.e. tugs, pilots and light dues etc. Another very important consideration when booking cargo on FIOS terms is that the ship does not bear any responsibility for the speed of loading or discharging.

Usually the rate agreed includes a fixed “free” period of time for loading/discharging operations, after which time a daily demurrage is incurred. Obviously this is of paramount importance where port congestion or stevedoring performance is uncertain. There are many overseas ports which fall into this category and particularly where vessel demurrage rates can vary significantly, depending on the size and type of ship nominated to undertake the particular project.

LINER TERMS – GENERAL STATEMENT :

Liner Terms is a very ambiguous statement and can be interpreted in a variety of ways in different ports of the world and by different Ship Owners/Agents. Personally we would prefer to clearly define the extent of responsibility when quoting on this basis.

LINER TERMS HOOK / HOOK :

Given that this is a notional point in chartering terms, this is best described as the Shipper/Receiver arranging for delivery/receival of cargo to/from directly under ships hook and the ship paying for the labour to stow the cargo in the vessels cargo holds, as well as on-board lashing & securing and provision of dunnage materials, and to discharge again over the ship’s side. Shore based stevedoring aspects remain the responsibility of the shipper/receiver, however, there are some Owners that may incorporate these costs into their LTHH rate. Once again, ask Owners to clearly define this aspect.

Wharfage charges/dues/taxes can be a contentious issue but are usually considered to be for the Shippers/Receivers account and there may also be many other statutory levies on cargo or freight that may apply. Many Shippers/Receivers are unaware of these additional costs and do not include them into their costing and consequently may be left with an unexpected considerable expense at the completion of a project.

FULL LINER TERMS :

This is somewhat a vaguer term given different port practices. However, it generally implies that the freight amount provided includes both shore based and on-board stevedoring, lashing/unlashing, dunnage materials, securing/unsecuring and all costs of presenting to/receiving the cargo from the ship’s side; with the shippers/receivers just bearing the cost of discharging from/reloading to the transport, along with the usual port charges/levies/taxes etc.

Frequently the terms are varied at different ends of the voyage i.e. FILO (Free In/Liner Out), LIFO (Liner In Free Out) or FIFO (Free In/Free Out) etc. To be absolutely sure of all liabilities, it is always advisable to request that terms clearly and concisely indicate what is/isn’t included in your particular contract – in layman’s terms.

|       | **ABBREVIATION**                                | **MEANING**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| ----- | ----------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |
| **A** | AA                                              | Always Afloat                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|       | AAAA                                            | Always Accessible Always Afloat                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|       | AAOSA                                           | Always Afloat or Safe Aground. Condition for a vessel whilst in port                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|       | AARA                                            | Amsterdam-Antwerp-Rotterdam Area                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|       | ABAFT                                           | Toward the rear (stern) of the ship. Behind.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|       | ABOARD                                          | On or within the ship                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|       | ABOVE DECK                                      | On the deck (not over it - see ALOFT)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|       | ABT                                             | About                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|       | ADCOM                                           | Address Commission                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|       | ADDENDUM                                        | Additional chartering terms at the end of a charter party                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|       | AFSPS                                           | Arrival First Sea Pilot Station (Norway)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|       | AFFREIGHTMENT                                   | The hiring of a ship in whole or part                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|       | AFT                                             | At or towards the stern or rear of a ship                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|       | AGROUND                                         | Touching or fast to the bottom                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|       | AGW                                             | All Going Well                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|       | AHL                                             | Australian Hold Ladders                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|       | AIDS TO NAVIGATION                              | Artificial objects to supplement natural landmarks indicating safe and unsafe waters                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|       | ALOFT                                           | Above the deck of the ship                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|       | AMIDSHIPS                                       | In or toward the centre of the ship                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|       | ANCHORAGE                                       | A place suitable for anchorage in relation to the wind, seas and bottom                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|       | ANTHAM                                          | Antwerp-Hamburg Range                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|       | APS                                             | Arrival Pilot Station                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|       | ARAG >                                          | Amsterdam-Rotterdam--Antwerp-Gent Range >                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|       | ARBITRATION                                     | Method of settling disputes which is usually binding on parties. A clause usually in a charter party                                                                                                                                                                                                                                                                                                                                                                                                                           |
|       | A/S                                             | Alongside                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|       | ASBA                                            | American Shipbrokers Association                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|       | ASPW                                            | Any Safe Port in the World                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|       | ASTERN                                          | In the back of the ship, opposite of ahead                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|       | ATDNSHINC                                       | Any Time Day/Night Sundays and Holidays Included                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|       | ATHWARTSHIPS                                    | At right angles to the centreline of the ship                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|       | ATUTC                                           | Actual Times Used to Count                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| **B** | BACKLETTER                                      | Where a seller/shipper issues a 'letter of indemnity' in favour of the carrier in exchange for a clean bill of lading                                                                                                                                                                                                                                                                                                                                                                                                          |
|       | BAF                                             | Bunker Adjustment Factor. A Fuel Surcharge expressed as a percentage added or subtracted from the freight amount, reflecting the movement in the market place price for bunkers.                                                                                                                                                                                                                                                                                                                                               |
|       | BALE CAP.                                       | Cubic capacity of a vessels holds to carry packaged dry cargo such as bales/pallets                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|       | BALLAST                                         | Heavy weight, often sea water, necessary for the stability and safety of a ship which is not carrying cargo                                                                                                                                                                                                                                                                                                                                                                                                                    |
|       | BALLAST BONUS                                   | Compensation for relatively long ballast voyage                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|       | BAREBOAT CHTR.                                  | Bareboat Charter - Owners lease a specific ship and control its technical management and commercial operations only. Charterers take over all responsibility for the operation of the vessel and expenses for the duration.                                                                                                                                                                                                                                                                                                    |
|       | BBB                                             | Before Breaking Bulk. Refers to freight payments that must be received before discharge of a vessel commences                                                                                                                                                                                                                                                                                                                                                                                                                  |
|       | BDI                                             | Both Dates Inclusive                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|       | BEAM                                            | The maximum breadth or the greatest width of a ship                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|       | BELOW                                           | Beneath the deck                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|       | BENDS                                           | Both Ends (Load & Discharge Ports)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|       | BI                                              | Both Inclusive                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|       | BIMCO                                           | The Baltic and International Maritime Council                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|       | BL 1                                            | Bale                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|       | BL 2                                            | (Bill of Lading) A document signed by the carrier which acts as a Contract of Affreightment, a receipt and evidence of title to the cargo.                                                                                                                                                                                                                                                                                                                                                                                     |
|       | BM                                              | Beam                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|       | BN                                              | Booking Note                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|       | BOB                                             | Bunker on Board                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|       | BOFFER                                          | Best Offer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|       | BOW                                             | The forward part of a ship                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|       | BROB                                            | Bunkers Remaining on Board                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|       | BROKERAGE                                       | Percentage of freight payable to broker (by owners in c/p's) or applicable to sale or purchase                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|       | BSS                                             | Basis                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|       | BSS 1/1                                         | Basis 1 Port to 1 Port                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|       | BT                                              | Berth Terms                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|       | BULKHEAD                                        | A vertical partition separating compartments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|       | BUNDLING                                        | This is the assembly of pieces of cargo, secured into one manageable unit. This is relevant to items such as Structural Steel, Handrails, Stairways etc. Whilst this is a very flexible description, a rule of thumb is to present cargo at a size easily handled by a large (20 tonne) fork lift.                                                                                                                                                                                                                             |
|       | BUNKERS                                         | Name given for vessels Fuel and Diesel Oil supplies (Originates from coal bunkers)                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|       | BUOY                                            | An anchored float used for marking a position on the water or a hazard or a shoal and for mooring                                                                                                                                                                                                                                                                                                                                                                                                                              |
|       | BWAD                                            | Brackish Water Arrival Draft                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| **C** | CAF                                             | Currency Adjustment Factor                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|       | CBM                                             | Cubic Metres                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|       | CBFT (or CFT)                                   | Cubic Feet                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|       | CFR (or C&F)                                    | Cost and Freight (name port of destination). The seller must pay the costs of freight necessary to bring the goods to the name port of destination.                                                                                                                                                                                                                                                                                                                                                                            |
|       | CHART                                           | A map used by navigators                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|       | CHOPT                                           | Charterers Option                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|       | CHTRS                                           | Charterers                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|       | CIF                                             | Cost, Insurance and Freight (name port of destination). The sellers must pay the cots of freight necessary to bring the goods to the named port of destination as in CFR and also must arrange marine insurance for the goods.                                                                                                                                                                                                                                                                                                 |
|       | CKD                                             | Completely knocked down                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|       | COA                                             | Contract of Affreightment - Owners agree to accept a cost per revenue tonne for cargo carried on a specific number of voyages.                                                                                                                                                                                                                                                                                                                                                                                                 |
|       | CIP                                             | Carriage & Insurance Paid To (name place of destination). The seller has the same obligations as under CPT, but is also responsible for obtaining cargo insurance.                                                                                                                                                                                                                                                                                                                                                             |
|       | COACP                                           | Contract of Affreightment Charter Party                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|       | COB                                             | Closing of Business                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|       | COBLDN                                          | Closing of Business London                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|       | COD                                             | Cash On Delivery                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|       | COGSA                                           | Carriage of Goods by Sea Act                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|       | CONGESTION                                      | Port/berth delays                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|       | CONS                                            | Consumption                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|       | C/SNEE                                          | CONSIGNEE. Name of agent, company or person receiving consignment                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|       | COP                                             | Custom Of Port                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|       | CP (or C/P)                                     | Charter Party                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|       | CPD                                             | Charterers Pay Dues                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|       | CPT                                             | Carriage Paid To (name place of destination). The seller must pay for any freight costs involved in getting the goods to the name destination. (but does not have to obtain insurance for the goods). The seller fulfils its obligation to deliver when it hands the goods over to the carrier and not when the goods reach the place of destination.                                                                                                                                                                          |
|       | CQD                                             | Customary Quick Despatch                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|       | CR                                              | Current Rate                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|       | CROB                                            | Cargo Remaining on Board                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|       | CRN                                             | Crane                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|       | CRT                                             | Cargo Retention Clauses, introduced by charterers based on shortage of delivered cargo because of increased oil prices                                                                                                                                                                                                                                                                                                                                                                                                         |
|       | CST                                             | Centistoke                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|       | CTR                                             | Container Fitted                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| **D** | DA                                              | Disbursement Account                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|       | DAF                                             | Deliver At Frontier                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|       | DAPS                                            | Delivered at Place (name place of destination). The seller delivers when the goods are placed at the disposal of the buyer on the arriving means of transport ready for unloading at the named place of destination. The seller bears all ricks involved in bringing the goods to the named place. DAP requires the seller to clear the goods for export, however the seller has no obligation to clear the goods for import, pay any import duty or carry out any import customs formalities.                                 |
|       | DAMFORDET                                       | Damages for Detention. Penalty if cargo is not ready when ship arrives for working (1st day of Laycan). This is not detention which is charged for ships time on delay. If the cargo is ready there is no DAMFORDET.                                                                                                                                                                                                                                                                                                           |
|       | DAT                                             | Delivered at Terminal (insert named terminal) The seller is responsible for delivering the goods to the nominated terminal.                                                                                                                                                                                                                                                                                                                                                                                                    |
|       | DDU                                             | Delivered Duty unpaid.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|       | DDP                                             | Delivered Duty Paid (name place of destination). The seller delivers the goods when the goods are placed at the disposal of the buyer, cleared for import on the arriving means of transport ready for unloading at the named place of destination. The seller bears all the costs and risks involved in bringing the goods to the place of destination and has on obligation to clear the goods not only for export but also for import, to pay any duty for both export and import and to carry out all customs formalities. |
|       | DECK                                            | A permanent covering over a compartment, hull or any part thereof                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|       | DEM                                             | Demurrage (Quay Rent). Money paid by the shipper for the occupying port space beyond a specified "Free Time" period.                                                                                                                                                                                                                                                                                                                                                                                                           |
|       | DEQ                                             | Delivered Ex Quay                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|       | DES                                             | Delivered Ex Ship                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|       | DESP                                            | Despatch. Time saved, reward for quick turnaround- in dry cargo only                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|       | DET                                             | Detention (See DAMFORDET)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|       | DEV                                             | Deviation. Vessel departure from specified voyage course                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|       | DFRT                                            | Deadfreight. Space booked by shipper or charterer on a vessel but not used                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|       | DHDATSBE                                        | Despatch Half Demurrage on All Time Saved Both Ends                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|       | DHDWTSBE                                        | Despatch Half Demurrage on Working Time Saved Both Ends                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|       | DISCH >                                         | Discharge                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|       | DK                                              | Deck                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|       | DLOSP                                           | Dropping Last Outwards Sea Pilot (Norway)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|       | DO                                              | Diesel Oil                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|       | DOLSP                                           | Dropping Off Last Sea Pilot (Norway)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|       | DOP                                             | Dropping Outward Pilot                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|       | DOT                                             | Department of Transport                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|       | DNRCAOSLONL                                     | Discountless and Non-Returnable Cargo and/or Ship Lost or Not Lost                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|       | DRAUGHT (or DRAFT)                              | Depth to which a ship is immersed in water. The depth varies according to the design of the ship and will be greater or lesser depending not only on the weight of the ship and everything on board, but also on the density of the water in which the ship is lying.                                                                                                                                                                                                                                                          |
|       | DRK >                                           | Derrick                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|       | DUNNAGE >                                       | Materials of various types, often timber or matting, placed among the cargo for separation, and hence protection from damage, for ventilation and, in the case of certain cargoes, to provide space in which the tynes of a fork lift truck may be inserted.                                                                                                                                                                                                                                                                   |
|       | DWAT (or DWT)                                   | Deadweight. Weight of cargo, stores and water, i.e. the difference between lightship and loaded displacement.                                                                                                                                                                                                                                                                                                                                                                                                                  |
| **E** | EBB                                             | A receeding current                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|       | EC                                              | East Coast                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|       | EIU                                             | Even If Used                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|       | ELVENT lang=FR>                                 | 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 (name works). The seller delivers when it places the goods at the disposal of the buyer at the seller’s premises. EXW represents the minimum obligation for the seller.                                                                                                                                                                                                                                                                                                                                               |
| **F** | FAC                                             | Fast as can                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|       | FAS                                             | Free Alongside Ship (name port of shipment). It is the seller’s responsibility to ensure goods have been placed alongside the vessel at the wharf.                                                                                                                                                                                                                                                                                                                                                                             |
|       | FCA                                             | Free Carrier (insert named place of delivery)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|       |                                                 | The seller delivers the goods to the nominated carrier. FCA requires the seller to clear the goods for export.                                                                                                                                                                                                                                                                                                                                                                                                                 |
|       | FD (FDIS)                                       | Free Discharge                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|       | FDD                                             | Freight Demurrage Deadfreight                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|       | FDESP                                           | Free Despatch                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|       | FDEDANRSAOCLONL                                 | Freight Deemed Earned, Discountless And Non-Returnable (Refundable) Ship And Or Cargo Lost Or Not Lost                                                                                                                                                                                                                                                                                                                                                                                                                         |
|       | FENDER                                          | A cushion, placed between ships, or between a ship and a pier, to prevent damage                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|       | FEU                                             | Standard 40' Container                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|       | FHEX                                            | Fridays/Holidays Excluded                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|       | FHINC                                           | Fridays/Holidays Included                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|       | FILO                                            | Free In/Liner Out. Seafreight with which the shipper pays load costs and the carrier pays for discharge costs.                                                                                                                                                                                                                                                                                                                                                                                                                 |
|       | FIO                                             | Free In/Out. Freight booked FIO includes the seafreight, but no loading/discharging costs, i.e. the charterer pays for cost of loading/discharging cargo.                                                                                                                                                                                                                                                                                                                                                                      |
|       | FIOS                                            | Free In/Out Stowed. As per FIO, but excludes stowage costs.                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|       | FIOST                                           | Free In/Out and Trimmed. Charterer pays for cost of loading/discharging cargo, including stowage and trimming.                                                                                                                                                                                                                                                                                                                                                                                                                 |
|       | FIOT                                            | Free In/Out and Trimmed. As per FIOS but includes trimming, e.g. the levelling of bulk cargoes. FIOS includes seafreight, but excludes loading/discharging and stowage costs.                                                                                                                                                                                                                                                                                                                                                  |
|       | FIT                                             | Free In Trimmed                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|       | FIW                                             | Free In Wagon                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|       | FIXING                                          | Chartering a Vessel                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|       | FIXTURE                                         | Conclusion of shipbrokers negotiations to charter a ship - an agreement                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|       | FLATPACKING                                     | Cargo to be presented stacked and secured as an integral unit.                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|       | FLT                                             | Full Liner Terms                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|       | FMC                                             | Federal Maritime Commission                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|       | FME                                             | Force Majeure Excepted                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|       | FMS                                             | Fathoms                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|       | FO 1                                            | For Orders                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|       | FO 2 (IFO)                                      | Fuel Oil/Intermediate FO                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|       | FO 3                                            | Free Out                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|       | FOB                                             | Free on Board (name port of shipment). The seller delivers the goods on board the vessel nominated by the buyer at the named port of shipment. FOB requires the seller to clear the goods for export.                                                                                                                                                                                                                                                                                                                          |
|       | FOFFER                                          | Firm Offer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|       | FOG                                             | For Our Guidance                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|       | FOQ                                             | Free On Quay                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|       | FOR                                             | Free On Rail                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|       | FORCE MAJEURE                                   | Clause limiting responsibilities of the charterers, shippers and receivers of cargo.                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|       | FORE-AND-AFT                                    | In a line parallel to the keel                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|       | FORWARD                                         | Toward the bow of the ship                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|       | FOT                                             | Free On Truck                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|       | FOW 1                                           | First Open Water                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|       | FOW 2                                           | Free On Wharf                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|       | FP                                              | Free Pratique. Clearance by the Health Authorities                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|       | FR                                              | First Refusal. First attempt at best offer that can be matched                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|       | FREEBOARD                                       | The minimum vertical distance from the surface of the water to the gunwale                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|       | FRT                                             | Freight. Money payable on delivery of cargo in a mercantile condition                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|       | FREE DESPATCH                                   | If loading/discharging achieved sooner than agreed, there will be no freight money returned.                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|       | FREE EXINS                                      | Free of any Extra Insurance (Owners)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|       | FREE OUT                                        | Free of discharge costs to owners. Includes seafreight only.                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|       | FRUSTRATION                                     | Charterers when cancelling agreement sometimes quote 'doctrine of frustration' i.e. vessel is lost, extensive delays.                                                                                                                                                                                                                                                                                                                                                                                                          |
|       | FWAD                                            | Fresh Water Arrival Draft                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|       | FWDD                                            | Fresh Water Departure Draft                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|       | FYG                                             | For Your Guidance                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|       | FYI                                             | For Your Information                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| **G** | 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                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| **H** | 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                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| **I** | 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                                       | Three letter codes (acronyms) established by the International Chamber of Commerce to provide guidelines to the responsibilities of the buyer and seller for the most commonly used terms in foreign trade.                                                                                                                                                                                                                                                                                                                    |
|       | 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                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| **K** | 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                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| **L** | 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) lang=FR>                          | 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                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|       | LT 1                                            | Liner Terms                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|       | LT 2                                            | Long Ton = 1,016.05 kilogram (2,240 lbs)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|       | LTHH                                            | Liner Terms Hook/Hook                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|       | LW                                              | Low Water                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|       | LYCN                                            | Laycan (Layday Cancelling Date)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| **M** | 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 >                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| **N** | 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                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| **O** | OO                                              | Owners Option                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|       | OBO                                             | Ore/Bulk/Oil Vessel                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|       | OSH                                             | Open Shelter Deck                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|       | OVERBOARD                                       | Over the side or out of the ship                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|       | OWS                                             | Owners                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| **P** | 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 alt. PLIMSOLL LINE alt. 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 lang=FR>                               | Licence or permission to use a port                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|       | PREAMBLE                                        | Introduction to a charter party                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|       | PROFORMA                                        | Estimated Account                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|       | PUS                                             | Plus Us                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|       | PWWD                                            | Per Weather Working Day                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| **R** | 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.                                                                                                                                                                                                                                            |
| **S** | 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                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| **T** | 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                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| **U** | USC                                             | Unless Sooner Commenced                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|       | UU                                              | Unless Used                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|       | UUIWCTAUTC                                      | Unless Used In Which Case Time Actually Used To Count                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| **V** | VPD                                             | Vessel Pays Dues                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| **W** | 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                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| **Y** | YAR                                             | York Antwerp Rules                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|       | YAW                                             | To swing or steer off course, as when running with a quartering sea                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| **Z** | Z                                               | UTC = GMT                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |