Demurrage/Despatch money. Brokerage abbreviation of chartering terms. Amount to be paid if the ship is loading/discharging slower/faster than foreseen. Usually the Despatch money, which is paid by the shipowner, is half the amount of the Demurrage, which ...

Laytime can be defined as the amount of time allowed to a ship in a voyage charter for loading and unloading of cargo at a port. If a ship fails to complete the work during this allotted time and the ship is required to stay at a port for a longer time, t ...

Voyage charter party used for shipments of iron ore.

See Bareboat Charter.

Value of a property at the end of the voyage in which there has been a general loss.

Amount payable by charterer for failing to load the quantity agreed in the contract of carriage.

Voyage between the time a ship is chartered and the time she performs the voyage.

A contractual agreement between a ship owner and a cargo owner, usually arranged by a broker, whereby a ship is chartered (hired) either for one voyage or a period of time.

Last date, agreed in a charter party, by which vessel must be available to the charterer at the agreed place.

Freight payable at destination.

Discount of the freight.

The person to whom is given the use of the whole of the carrying capacity of a ship for the transportation of cargo or passengers to a stated port for a specified time.

ZERNOCON. Old code name for charter parties relating to grain cargoes from Russian, Black sea and Azoff ports to UK. (Kerchove)

Arranges shipments for customers usually break bulk. Does not actually carry the cargo or conduct business for the ship.

Relating to dry cargo lifted on/off in one piece by cranes or derricks.

Final date for delivering cargo to a liner ships.

The charge made for the transportation of freight.

The period of time excluding the first and last days.

York-Antwerp Rules 1950 Rules to settle General Average claims. Their use is normally stipulated in the B/L or C/P.

Cargo banned by general cargo workers for some reason. This ban could be because the cargo is dangerous or hazardous to health.