Dry Cargo Chartering — Glossary · Global Certificate in Ship Chartering and Cargo Operations (United Kingdom)

A/B Charter refers to a type of charter where the vessel is chartered for… #

The A/B charter is commonly used in the dry cargo trade, where the charterer wants to ensure that the vessel arrives at the loading port within a specific time frame to meet their cargo obligations. Related terms include Voyage Charter and Time Charter.

Abbreviated General Arrival and Departure is a term… #

This notice is usually given in an abbreviated format, providing the charterer or shipowner with the necessary information to plan and prepare for the vessel's arrival and departure. Related terms include Estimated Time of Arrival and Estimated Time of Departure.

Agent is a person or company authorized to act on behalf of the vessel ow… #

The agent's role is to facilitate the vessel's operations, including arranging for pilotage, towage, and other services, as well as handling the vessel's documentation and communication with local authorities. Related terms include Ship Agent and Port Agent.

Alongside refers to the position of a vessel when it is moored or berthed… #

This term is commonly used in the context of dry cargo chartering, where the vessel is required to be alongside a specific berth or quay to load or discharge cargo. Related terms include Berth and Mooring.

Anti #

Pollution Regulations refer to the laws and regulations in place to prevent and mitigate pollution from vessels, including oil spills, waste disposal, and other environmental hazards. These regulations are enforced by national and international authorities, and vessel owners and charterers must comply with them to avoid penalties and fines. Related terms include MARPOL and Environmental Regulations.

Arrival Notice is a notice given by the vessel to the charterer or… #

This notice is usually given in advance of the vessel's arrival, allowing the charterer or shipowner to prepare for the vessel's arrival and make necessary arrangements for cargo loading or discharge. Related terms include Estimated Time of Arrival and Notice of Readiness.

Average Rate of Bunkers refers to the average rate at which… #

This term is commonly used in the context of dry cargo chartering, where the vessel's fuel consumption can affect the charterer's costs and profitability. Related terms include Bunker Consumption and Fuel Efficiency.

B/L or Bill of Lading is a document issued by the vessel ow… #

The B/L serves as a contract of carriage, outlining the terms and conditions of the cargo's transportation, including the cargo's description, weight, and destination. Related terms include Cargo Receipt and Freight Invoice.

Bareboat Charter refers to a type of charter where the charterer t… #

The bareboat charter is commonly used in the dry cargo trade, where the charterer wants to have full control over the vessel's operations. Related terms include Demise Charter and Time Charter.

Berth refers to the specific location where a vessel is moored or berthed… #

This term is commonly used in the context of dry cargo chartering, where the vessel is required to be at a specific berth to load or discharge cargo. Related terms include Quay and Wharf.

Bill of Sale is a document issued by the seller to the buyer, tran… #

The bill of sale serves as proof of ownership and is usually required for customs clearance and other purposes. Related terms include Cargo Ownership and Title to Goods.

Bunker Adjustment refers to the adjustment made to the vessel's fu… #

Bunker Adjustment refers to the adjustment made to the vessel's fuel consumption, taking into account changes in the vessel's speed, route, or other factors.

Bunker Delivery refers to the delivery of fuel to the vessel, usua… #

This term is commonly used in the context of dry cargo chartering, where the vessel requires fuel to operate. Related terms include Bunker Supply and Fuel Delivery.

Bunker Price refers to the price of fuel, usually quoted per ton o… #

Related terms include Fuel Price and Bunker Cost.

C/P or Charter Party refers to the agreement between the ve… #

The C/P serves as a contract between the parties, including the vessel's description, charter period, and freight rates. Related terms include Charter Agreement and Vessel Charter.

Cargo Claim refers to a claim made by the shipper or consignee aga… #

This term is commonly used in the context of dry cargo chartering, where cargo damage or loss can occur due to various factors. Related terms include Cargo Damage and Cargo Loss.

Cargo Insurance refers to the insurance coverage provided to the s… #

This term is commonly used in the context of dry cargo chartering, where cargo insurance is essential to mitigate risks. Related terms include Marine Insurance and Cargo Protection.

Cargo Manifest refers to the document listing the cargo on board t… #

This term is commonly used in the context of dry cargo chartering, where the cargo manifest is essential for customs clearance and other purposes. Related terms include Cargo List and Freight Manifest.

Cargo Operation refers to the process of loading, stowing, and dis… #

This term is commonly used in the context of dry cargo chartering, where cargo operations are critical to the successful transportation of goods. Related terms include Cargo Handling and Freight Operations.

Cargo Survey refers to the inspection and examination of cargo on… #

This term is commonly used in the context of dry cargo chartering, where cargo surveys are essential to determine the condition and quantity of cargo. Related terms include Cargo Inspection and Freight Survey.

Charter Broker refers to the intermediary who facilitates the char… #

The charter broker's role is to negotiate the charter terms and conditions, including the freight rate, charter period, and other essential details. Related terms include Ship Broker and Vessel Broker.

Charter Party refers to the agreement between the vessel owner and… #

The charter party serves as a contract between the parties, including the vessel's description, charter period, and freight rates.

Charter Type refers to the specific type of charter, including voy… #

This term is commonly used in the context of dry cargo chartering, where the charter type can affect the vessel's operations and the charterer's costs.

Charterer refers to the party who charters the vessel from the vessel own… #

The charterer's role is to pay the freight rate and comply with the charter terms and conditions. Related terms include Shipper and Consignee.

Charterer Broker refers to the intermediary who facilitates the ch… #

The charterer broker's role is to negotiate the charter terms and conditions, including the freight rate, charter period, and other essential details.

Chartering Process refers to the steps involved in chartering a ve… #

This term is commonly used in the context of dry cargo chartering, where the chartering process can be complex and time-consuming.

Clean Bill of Lading refers to a bill of lading that does n… #

This term is commonly used in the context of dry cargo chartering, where a clean bill of lading is essential for customs clearance and other purposes.

Cargo Clause refers to a clause in the charter party or bill of la… #

This term is commonly used in the context of dry cargo chartering, where cargo clauses can affect the charterer's costs and risks. Related terms include Freight Clause and Cargo Provision.

Commercial Management refers to the process of managing the commer… #

This term is commonly used in the context of dry cargo chartering, where commercial management is critical to the successful operation of the vessel. Related terms include Ship Management and Vessel Operations.

Contract of Affreightment refers to the agreement between the vess… #

This term is commonly used in the context of dry cargo chartering, where the contract of affreightment serves as a contract between the parties. Related terms include Charter Party and Vessel Charter.

Counter Offer refers to a response to an offer made by the vessel… #

This term is commonly used in the context of dry cargo chartering, where counter-offers can be used to negotiate the charter terms and conditions. Related terms include Offer and Acceptance.

Credit Check refers to the process of verifying the creditworthine… #

This term is commonly used in the context of dry cargo chartering, where credit checks can help mitigate risks and ensure payment. Related terms include Credit Risk and Payment Terms.

Crew Management refers to the process of managing the crew on boar… #

This term is commonly used in the context of dry cargo chartering, where crew management is critical to the safe and efficient operation of the vessel.

Customs Broker refers to the intermediary who facilitates the cust… #

The customs broker's role is to prepare and submit the necessary documentation, including the commercial invoice, bill of lading, and other required documents. Related terms include Customs Clearance and Import-Export Regulations.

Customs Duty refers to the tax or duty imposed by the government o… #

This term is commonly used in the context of dry cargo chartering, where customs duty can affect the charterer's costs and profitability. Related terms include Import Duty and Export Duty.

Dead Freight refers to the freight earned by the vessel owner or c… #

This term is commonly used in the context of dry cargo chartering, where dead freight can occur due to various factors, including cargo cancellation or reduction. Related terms include Freight Revenue and Cargo Income.

Deadweight Tonnage refers to the maximum weight of cargo, fuel, an… #

This term is commonly used in the context of dry cargo chartering, where deadweight tonnage can affect the vessel's capacity and profitability. Related terms include Gross Tonnage and Net Tonnage.

Delivery Order refers to the document issued by the vessel owner o… #

This term is commonly used in the context of dry cargo chartering, where delivery orders are essential for customs clearance and other purposes.

Demise Charter refers to a type of charter where the charterer tak… #

The demise charter is commonly used in the dry cargo trade, where the charterer wants to have full control over the vessel's operations. Related terms include Bareboat Charter and Time Charter.

Demurrage refers to the compensation paid by the charterer to the vessel… #

This term is commonly used in the context of dry cargo chartering, where demurrage can occur due to various factors, including weather conditions or mechanical issues. Related terms include Detention and Laytime.

Despatch refers to the compensation paid by the vessel owner to the chart… #

This term is commonly used in the context of dry cargo chartering, where despatch can occur due to various factors, including efficient cargo operations or favorable weather conditions. Related terms include Demurrage and Laytime.

Detention refers to the period of time when the vessel is delayed or deta… #

This term is commonly used in the context of dry cargo chartering, where detention can occur due to various factors, including weather conditions, mechanical issues, or customs clearance delays.

Disbursement Account refers to the account maintained by the vesse… #

This term is commonly used in the context of dry cargo chartering, where disbursement accounts are essential for tracking and managing expenses. Related terms include Expense Account and Charter Costs.

Discharging refers to the process of unloading cargo from the vessel, usu… #

This term is commonly used in the context of dry cargo chartering, where discharging is a critical part of the cargo transportation process. Related terms include Loading and Cargo Operations.

Dispatch refers to the process of sending or forwarding cargo, usually by… #

This term is commonly used in the context of dry cargo chartering, where dispatch is essential for ensuring timely delivery of cargo. Related terms include Cargo Forwarding and Freight Forwarding.

Documentary Credit refers to a type of credit facility where the b… #

This term is commonly used in the context of dry cargo chartering, where documentary credits can help mitigate risks and ensure payment. Related terms include Letter of Credit and Bank Guarantee.

Dry Cargo refers to cargo that is not liquid or bulk, usually incl… #

This term is commonly used in the context of dry cargo chartering, where dry cargo is the primary type of cargo transported. Related terms include Bulk Cargo and Liquid Cargo.

Dry Docking refers to the process of docking the vessel in a dry d… #

This term is commonly used in the context of dry cargo chartering, where dry docking is essential for maintaining the vessel's condition and ensuring compliance with regulatory requirements. Related terms include Ship Repair and Vessel Maintenance.

Estimate Time of Arrival refers to the estimated time when… #

This term is commonly used in the context of dry cargo chartering, where estimated time of arrival is essential for planning and preparing for cargo discharge. Related terms include Notice of Arrival and Expected Time of Arrival.

Estimated Time of Departure refers to the estimated time wh… #

This term is commonly used in the context of dry cargo chartering, where estimated time of departure is essential for planning and preparing for cargo loading. Related terms include Notice of Departure and Expected Time of Departure.

Exclusion Clause refers to a clause in the charter party or bill o… #

This term is commonly used in the context of dry cargo chartering, where exclusion clauses can help mitigate risks and protect the interests of the parties involved. Related terms include Liability Clause and Risk Allocation.

Export License refers to the permit or license required by the gov… #

This term is commonly used in the context of dry cargo chartering, where export licenses are essential for compliance with regulatory requirements. Related terms include Import License and Trade Regulations.

FCL or Full Container Load refers to a type of cargo… #

This term is commonly used in the context of dry cargo chartering, where FCL cargo is often preferred due to its efficiency and cost-effectiveness. Related terms include LCL or Less than Container Load.

Freight Broker refers to the intermediary who facilitates the frei… #

The freight broker's role is to negotiate the freight rate and other terms with the carrier or vessel owner. Related terms include Cargo Broker and Ship Broker.

Freight Forwarder refers to the party who arranges for the transpo… #

The freight forwarder's role is to manage the logistics and documentation of the cargo transportation process. Related terms include Cargo Forwarder and Ship Forwarder.

Freight Invoice refers to the document issued by the vessel owner… #

This term is commonly used in the context of dry cargo chartering, where freight invoices are essential for tracking and managing expenses. Related terms include Disbursement Account and Charter Costs.

Freight Rate refers to the rate or price charged by the vessel own… #

This term is commonly used in the context of dry cargo chartering, where freight rates can affect the charterer's costs and profitability. Related terms include Charter Rate and Cargo Rate.

General Average refers to the average amount of cargo that is dama… #

This term is commonly used in the context of dry cargo chartering, where general average can occur due to various factors, including accidents or natural disasters.

Gross Tonnage refers to the total weight of the vessel, including… #

This term is commonly used in the context of dry cargo chartering, where gross tonnage can affect the vessel's capacity and profitability. Related terms include Deadweight Tonnage and Net Tonnage.

IMDG or International Maritime Dangerous Goods</… #

This term is commonly used in the context of dry cargo chartering, where IMDG regulations are essential for ensuring the safe and compliant transportation of hazardous materials. Related terms include Hazardous Materials and Dangerous Goods.

Import License refers to the permit or license required by the gov… #

This term is commonly used in the context of dry cargo chartering, where import licenses are essential for compliance with regulatory requirements. Related terms include Export License and Trade Regulations.

Insurance Certificate refers to the document issued by the insurer… #

This term is commonly used in the context of dry cargo chartering, where insurance certificates are essential for mitigating risks and ensuring compliance with regulatory requirements. Related terms include Insurance Policy and Cargo Insurance.

Insurance Premium refers to the amount paid by the insured to the… #

This term is commonly used in the context of dry cargo chartering, where insurance premiums can affect the charterer's costs and profitability. Related terms include Insurance Rate and Cargo Insurance.

ISPS or International Ship and Port Facility … #

This term is commonly used in the context of dry cargo chartering, where ISPS regulations are essential for ensuring the security and safety of the vessel, its crew, and its cargo. Related terms include Maritime Security and Port Security.

Laycan or Laydays refers to the period of time when the vessel is… #

This term is commonly used in the context of dry cargo chartering, where laycan can affect the charterer's costs and profitability. Related terms include Cargo Operations and Vessel Availability.

Laydays refers to the period of time when the vessel is available for lo… #

This term is commonly used in the context of dry cargo chartering, where laydays can affect the charterer's costs and profitability.

Laytime refers to the period of time when the vessel is loading or disch… #

This term is commonly used in the context of dry cargo chartering, where laytime can affect the charterer's costs and profitability. Related terms include Demurrage and Despatch.

Letter of Credit refers to the document issued by the bank or fina… #

This term is commonly used in the context of dry cargo chartering, where letters of credit can help mitigate risks and ensure payment. Related terms include Documentary Credit and Bank Guarantee.

Liability Clause refers to the clause in the charter party or bill… #

This term is commonly used in the context of dry cargo chartering, where liability clauses can help mitigate risks and protect the interests of the parties involved. Related terms include Exclusion Clause and Risk Allocation.

Load Port refers to the port where the cargo is loaded onto the ve… #

This term is commonly used in the context of dry cargo chartering, where load port can affect the charterer's costs and profitability. Related terms include Discharge Port and Cargo Operations.

Loading refers to the process of loading cargo onto the vessel, usually a… #

This term is commonly used in the context of dry cargo chartering, where loading is a critical part of the cargo transportation process. Related terms include Discharging and Cargo Operations.

Logistics Provider refers to the party who provides logistics serv… #

This term is commonly used in the context of dry cargo chartering, where logistics providers can help manage the cargo transportation process and ensure timely delivery. Related terms include Freight Forwarder and Cargo Broker.

Manifest refers to the document listing the cargo on board the vessel, in… #

This term is commonly used in the context of dry cargo chartering, where manifests are essential for customs clearance and other purposes.

Marine Insurance refers to the insurance coverage provided to the… #

This term is commonly used in the context of dry cargo chartering, where marine insurance is essential for mitigating risks and ensuring compliance with regulatory requirements. Related terms include Cargo Insurance and Hull Insurance.

Mooring refers to the process of securing the vessel to a quay, wharf, or… #

This term is commonly used in the context of dry cargo chartering, where mooring is essential for safe and efficient cargo operations. Related terms include Berth and Quay.

NAABSA or Not Always Afloat But Safely … #

This term is commonly used in the context of dry cargo chartering, where NAABSA can affect the vessel's operations and the charterer's costs. Related terms include Dry Docking and Vessel Maintenance.

Navigation refers to the process of plotting and controlling the vessel's… #

This term is commonly used in the context of dry cargo chartering, where navigation is essential for safe and efficient cargo transportation. Related terms include Voyage Planning and Route Optimization.

Net Tonnage refers to the weight of the vessel, excluding its carg… #

This term is commonly used in the context of dry cargo chartering, where net tonnage can affect the vessel's capacity and profitability. Related terms include Gross Tonnage and Deadweight Tonnage.

Notice of Arrival refers to the notice given by the vessel to the… #

This term is commonly used in the context of dry cargo chartering, where notice of arrival is essential for planning and preparing for cargo discharge. Related terms include Estimated Time of Arrival and Expected Time of Arrival.

Notice of Readiness refers to the notice given by the vessel to th… #

This term is commonly used in the context of dry cargo chartering, where notice of readiness is essential for commencing cargo operations. Related terms include Laytime and Demurrage.

Off #

hire refers to the period of time when the vessel is not available for charter, usually due to circumstances beyond the control of the vessel owner or charterer. This term is commonly used in the context of dry cargo chartering, where off-hire can affect the charterer's costs and profitability. Related terms include Vessel Availability and Charter Party.

On #

hire refers to the period of time when the vessel is available for charter, usually specified in the charter party or other agreement. This term is commonly used in the context of dry cargo chartering, where on-hire can affect the charterer's costs and profitability.

Owner refers to the party who owns the vessel, usually responsible for it… #

This term is commonly used in the context of dry cargo chartering, where the owner can affect the vessel's operations and the charterer's costs. Related terms include Charterer and Vessel Operator.

Package Limitation refers to the limitation on the liability of th… #

This term is commonly used in the context of dry cargo chartering, where package limitation can help mitigate risks and protect the interests of the parties involved.

Port Agent refers to the party who represents the vessel owner or… #

This term is commonly used in the context of dry cargo chartering, where port agents can facilitate the vessel's operations and ensure compliance with local regulations. Related terms include Ship Agent and Vessel Representative.

Port Charges refer to the fees or charges imposed by the port auth… #

This term is commonly used in the context of dry cargo chartering, where port charges can affect the charterer's costs and profitability. Related terms include Berth Charges and Wharfage.

Pre #

shipment Inspection refers to the inspection of cargo before it is loaded onto the vessel, usually conducted by a surveyor or other authorized person. This term is commonly used in the context of dry cargo chartering, where pre-shipment inspections can help ensure the quality and quantity of cargo. Related terms include Cargo Survey and Freight Inspection.

Quay refers to the structure or facility where the vessel is moored or be… #

This term is commonly used in the context of dry cargo chartering, where quay can affect the vessel's operations and the charterer's costs. Related terms include Berth and Wharf.

Re #

delivery refers to the process of returning the vessel to the vessel owner or charterer, usually at the end of the charter period. This term is commonly used in the context of dry cargo chartering, where re-delivery can affect the charterer's costs and profitability. Related terms include Vessel Return and Charter Termination.

Receivership refers to the process of taking possession of the vessel or… #

This term is commonly used in the context of dry cargo chartering, where receivership can affect the charterer's costs and profitability. Related terms include Vessel Arrest and Cargo Seizure.

Redelivery Certificate refers to the document issued by the vessel… #

This term is commonly used in the context of dry cargo chartering, where redelivery certificates are essential for confirming the vessel's return and finalizing the charter party.