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Home > Shipping terms

Shipping terms

ADCOM               Commission rebate to Charterer

ATDNSHINC         Any time day or night Sundays and holidays included

BL(S),B/L(S)        Bill(s) of Lading

CBM                     Cubic metre

CF                        Cost and freight condition of sale of the cargo

CGO                    Cargo

CHOP                  Charterer’s option

CHRTR(S)           Charterers

COA                     Contract of Affreightment.

CP,C/P                 Charter Party

DA,D/A                 Disbursements account

DEMDES             Demurrage

DISCH                 Discharge

ETA/B/C/D/S       Expected time of arrival/berthing/completion/departure/readiness of sailing

FXD                     Fixed

GRT                    Gross registered tonnage

IMO                      International Maritime Organisation.

KN,KNT,KT         Knot.

LAYCAN,L/C       Laydays/cancelling (date)

L/D                      Loading/discharge

LS,L/S                 Lump sum

MIN/MAX             Minimum/maximum

MOA                   Memorandum of Agreement. Sale contract of a vessel

MOLOO             More or less at owner’s option.

MT                      Metric tonne/ton

MT,M/T               Motor tanker

NOR                  Notice of Readiness

OO                    Owner’s option

PNX                  Panamax. Vessel within the limits of the Panama Canal

SOF                  Statement of Facts

TC,T/C              Time charter

VOY                  Voyage

VSL                   Vessel

WOG                Without guaranty

WP                   Weather permitting

WPON            Weather permitting or not