PPG Chartering Terms (Beginner)

Question 1

AAOSA

Answer 1

Always Afloat Or Safe Aground.

Condition for a vessel whilst in port

Question 2

AAAA

Answer 2

Always Accessible Always Afloat

Question 3

ABT

Answer 3

About

Question 4

BAF

Answer 4

Bunker Adjustment Factor

A fuel surcharge expressed as a percentage added or subtracted from the freight amount, reflecting the movement in the mkt price for bunkers

Question 5

DAMFORDET

Answer 5

DAMages FOR DETention

Penalty if cargo is not ready when ship arrives for working (on the 1st day of Laycan). This is not detention which is charged for ship time on delay. Hence, if the cargo is ready when ship arrives, no DAMFORDET

Question 6

GSP

Answer 6

Good, Safe Port

Question 7

HMS

Answer 7

Heavy Metal Scraps

Question 8

WOG

Answer 8

WithOut Guarantee

Question 9

DHDATSBE

Answer 9

Dispatch Half Demurrage on All Time Saved Both Ends

Question 10

DHDWTSBE

Answer 10

Dispatch Half Demurrage on Working Time Saved Both Ends

Question 11

STC

Answer 11

Said To Contain

Term in a B/L signifying that the master and carrier are unaware of the nature/quantity of the contents of e.g. carton, crate, container or bundle and are relying on the description furnished by the shipper

Question 12

SWAD

Answer 12

Salt Water Arrival Draft

Question 13

MOLOO

Answer 13

More Or Less Owners Option

Question 14

MOLCHOPT

Answer 14

More Or Less CHarterer OPTion

Question 15

SSHEX

Answer 15

Sat, Sun, Holidays EXcluded

Question 16

SSHINC

Answer 16

Sat, Sun, Holidays INCluded

Question 17

UU

Answer 17

Unless Used

Question 18

EIX

Answer 18

-

Question 19

ATS

Answer 19

-

Question 20

WTS

Answer 20

-

Question 21

WIPON

Answer 21

Whether In Port Or Not

Question 22

WIBON

Answer 22

Whether In Berth Or Not

Question 23

WCCON

Answer 23

Whether Custom Cleared Or Not

Question 24

WIFPON

Answer 24

Whether In Free Pratique Or Not

Question 25

NAABSA

Answer 25

Not Always Afloat But Safely Aground

Question 26

BBB

Answer 26

Before Breaking Bulk

Refers to freight payments that must be received before discharge of vessel commences

Question 27

GSB

Answer 27

Good, Safe Berth

Question 28

WP

Answer 28

Weather Permitting

Time during which the weather prevents working shall not count as laytime

Question 29

AFSPS

Answer 29

Arrival First Sea Pilot Station (Norway)

Question 30

DLOSP

Answer 30

Dropping Last Outwards Sea Pilot (Norway)

Question 31

ASPW

Answer 31

Any Safe Port in the World