Term
ARAG
Amsterdam-Rotterdam-Antwerp-Gent Range.
Charter-Party Reference
Chartering Terms
Search and browse a complete chartering glossary curated from operational market usage for owners, charterers, and shipbrokers.
Showing 24 of 339 terms
Term
ASBA
American Shipbrokers Association
Term
ASPW
Any Safe Port in the World
Term
ATDNSHINC
Any Time Day/Night Sundays and Holidays Included
Term
ATUTC
Actual Times Used to Count
Term
BACK LETTER
Where a seller/shipper issues a 'letter of indemnity' in favour of the carrier in exchange for a clean bill of lading
Term
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.
Term
BALE CAP
Cubic capacity of a vessels holds to carry packaged dry cargo such as bales/pallets
Term
BALLAST
BALLAST Heavy weight, often sea water, necessary for the stability and safety of a ship which is not carrying cargo
Term
BALLAST BONUS
Compensation for relatively long ballast voyage
Term
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.
Term
BBB
Before Breaking Bulk. Refers to freight payments that must be received before discharge of a vessel commences
Term
BDI
Both Dates Inclusive
Term
BELOW
Beneath the deck
Term
BENDS
Both Ends (Load & Discharge Ports)
Term
BI
Both Inclusive
Term
BIMCO
The Baltic and International Maritime Council
Term
BL1
Bale
Term
BL2 (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.
Term
BM
Beam
Term
BN
Booking Note
Term
BOB
Bunker on Board
Term
BOFFER
Best Offer
Term
BOW
The forward part of a ship