Shipbroking Glossary


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


What is wibon, wccon, wifpon, wipon? What is shipping abbreviations fob?
Freight abbreviations. Shipping and maritime acronyms. Everything in the shipbroking glossary!
BRIEFLY:

A

AA - Always Afloat
AAAA - Always Accessible Always Afloat
ADCOM - Address Commission
A.F. - Advanced freight
AFMT - after fixing main terms
A/H - Antwerp / Hamburg Range
AHT - Anchor Handling Tug
AHTS - Anchor Handling Tug Supply
ANCH - Anchorage
A.R.A. - Antwerp / Rotterdam / Amsterdam Range
ARAG - Amsterdam / Rotterdam / Antwerp / Gent Range
ARND - Around
ARRL - Arrival
AWIWL - Always Within Institute Warranty Limits

B

BAF - Bunker Adjustment Factor. A fuel surcharge expressed as a percentage added or substracted from the freight ammount, reflecting the movement in the market place price for bunkers
BASC OIL - basic oil
BB - Ballast Bonus
BC - Bulk Carrier
B/C - Bulk Cargo
BENDS - Both Ends (Loads & Discharge Ports)
BIMCO - The Baltic and International Council
BL - Bale
BOFFER - Best Offer
BSS 1/1 - Basis 1 Port to 1 Port
BT - Berth Terms
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 thrumb is to present cargo at a size easily handled by a large (20 tone) fork lift truck
BXS - Boxes
BWAD - Brackish Water Arrival Draft

C

CC - Cargo Capacity
CGO - Cargo
CHABE - Charter’s Agents Both Ends
CHEMS - Chemicals
CHOPT - Charter’s Option
CHR - charterer
CHRTS - Charterers
CIF - Cost, Insurance & Freight. Seler pays all these costs to a nominated port or place of discharge
COA - CONTRACT OF AFFREIGHTMENT. A service contract under which a ship owner agrees to transport a specified quantity of fuel products or specialty products, at a specified rate per ton, between designated loading and discharge ports. This type contract differs from a spot or consecutive voyage charter in that no particular vessel is. specified
CP - (C/P) Charter Party
CPD - Charter Pays Dues
CQD - Customary Quick Dispatch
CY - Container Yard
CTR - Container Fitted
C/V/E - Cables/victualling/entertainment
CVRD - Covered

D

D/A (FREE) - Disbursement Account, Free disbursement Account at the Loading and or discharging port (often given by charterers to the shipowners)
DD - Dry Dock
DEM - Demurrage
DEMOB - Demobilization
DIMS - Dimensions
DLOSP - Dropping Last Outwards Sea Pilot
DO - Diesel Oil
DOP - Dropping Outward Pilot frequently used provision in a time charter to determine the time and place of redelivery of a ship to the owner by the charterer. The hire ceases at the moment the pilot disembarks
DWT - Deadweight

E

EC - East Cost
EIU - Even If Used
EST - Estimated
ETA - Estimated Time of Arrival
ETD - Estimated Time of Departure
EXW - Ex Works

F

FCA - Free to Carrier; A modern equivalent of FAS used in intermodal transport where goods are transferred at a nominated forwarder premises, depot or terminal but not actually put on board vessel
FCC - First Class Charterers
FDD - Freight Deadfreight Demurrage
FERTS - Fertilizers FEU - Standard 40ft Container
FHINC - Fridays/Holidays Included
FILO - Free In/Liner Out. Sea freight 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 Charters pays for cost of loading/ discharging cargo
FIOS - Free In/Out Stowed. As per FIO, but includes stowage costs
FIXING - Chartering a vessel
FLT - Full Liner Terms
FO - (IFO) Fuel Oil/Intermediate FO
FOB - Free On Board. Seller sees the goods "over the ship' s rail" on to the ship which is arranged and paid for by the Buyer
FOT - Free On Truck
FOW - First Open Water
FRT - Rate of Freight

G

GA - Ganeral Arrangment
G/B - Grain capacity/Bale capacity
GENCON - GNCN
GMDSS - Global Maritime Distress Safety System
GMT - Greenwich Mean Time
GRD - geared
GRLESS - gearless
GRT - Gross Restricted Tonnage
GSPB - Good Safe Port Berth

H

H&M - Hull & Machinery
HA - Hatch
HMS - Heavy Metal Scrap
HQ - High Cube (container)
HW - High Water

I

IAC - including Address Commission
ILOHC - In Lieu of Holds Cleaning
IMDG - International Maritime Dangerous Goods Code
IMO - International Maritime Organization
INCHOPT - in charter options
ISPS - International Ship and Port Facility Security Code
IUHTAUTC - If Used, Half Time Actually Used To Count

K

KMAX - A Kamsarmax type bulk carrier is a 82,000 dwt Panamax with an increased LOA 229 m (for Port Kamsar in Equatorial Guinea)

L

LAYCAN - Laydays/Cancelling (date)
L/C - Laydays/Cancelling date
LILO - Liner In Liner Out
LIFO - Liner In Free Out
LPORT - Load Port
LOA - Length Overall of the vessel
LS - (or LUMPS) Lumpsum Freight. Money paid to Shipper for a charter of a ship (or portion) up to stated limit irrespective of quantity of cargo
LSD - Lashed Secured (Stowed) Dunnaged
LT - Liner Terms
LYCN - LAYCAN

M

MB - Merchant Broker
MDO - (DO) Marine Diesel Oil
MGO - Marine gas oil
MOLCHOPT - More Or Less Charterers Option
MOLOO - More Or Less Owners Option
MPP - multi purpose (type of a ship)
MT - Motor Tanker
MT - Motor Tug
MV - Motor Vessel

N

NAABSA - Not Always Afloat But Safety Aground
NRT - Net Registered Tonnage
NYPE - Standard time charter contract issued by the American Shipbrokers’ Association (ASBA) and therefore considered (charterer-friendly). NYPE is derived from the New York Produce Exchange

O

OABE - Owners Agents Both Ends
OO - Owners Option
OSH - Open Shelter Deck
OWS - Ship Owners (Shipowners)

P

PC - Period of Charter
PCGO - Part Cargo
PHPD - Per Hatch Per Day
PICO - Port in Charterers Option
P&I - stands for Protection and Indemnity. P&I is insurance in respect of third party liabilities and expenses arising from owning ships or operating ships as principals. The risks typically covered by P&I Clubs are described in more detail under Insurance Cover
P/L - Package List
PMO - Passing Muscat Outbound
PRT - port
PWWD - Per Weather Working Day

R

RBCT - Richards Bay Coal Terminal. Biggest in South Africa
REBLT - Rebuilt
ROB - Remaining On Board
ROT - Rotation
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

SA - SAFE ANCHORGE
SB - Safe Berth - a berth which the vessel can reach and depart from without being exposed to danger that is unavoidable by good seamanship. It is the responsibility of the charterer to provide this. SEAFREIGHT - Costs recharged for transporting goods over the sea. This does not cover any haulage or loading/ discharging costs but the sea transport only SELFD - Self Discharging
SF - Stowage Factor. Cubic space (measurement tonne) occupied by one tonne ( 2.249 Ibs/1.000 kgs) of cargo
SHEX - Saturday and Holidays Excluded
SHINC - Saturday and Holidays Included
SID - single decker
SOC - Shipper Owned Container
S&P - Sale and Purchase
SSHEX - (or SATSHEX) Saturdays, Sundays, Holidays Excluded
SSHINC - (or SAISHINC) Saturdays, Sundays, Holidays Included
STEM - Subject To Enough Merchandise (Availability of Cargo)
SWL - Safe Working Load

T

TBA - To Be Advised
TBN - 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
TCT - time charter trip
TEU - Standard 20 feet Container
TM - Thickness Measurement (Hull – Decks – Tanks Etc.)
TUG - tug boat
TW - Twin Decker

U

U/O DECK - Under/On Deck
UU - Unless Used
UUIWCTAUTC - Unless Used In Which Case Time Actually Used To Count

V

VOY - voyage
VSL - vessel

W

WCCON - Whether Customs Cleared Or Not
WLTHC - Water Line / Top of Hatch Coaming
WOG - without guarranty
WP - Weather Permitting

Y

YAR - York Antwerp Rules