PPG Chartering Terms (Beginner) Flashcards
AAOSA
Always Afloat Or Safe Aground.
Condition for a vessel whilst in port
AAAA
Always Accessible Always Afloat
ABT
About
BAF
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
DAMFORDET
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
GSP
Good, Safe Port
HMS
Heavy Metal Scraps
WOG
WithOut Guarantee
DHDATSBE
Dispatch Half Demurrage on All Time Saved Both Ends
DHDWTSBE
Dispatch Half Demurrage on Working Time Saved Both Ends
STC
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
SWAD
Salt Water Arrival Draft
MOLOO
More Or Less Owners Option
MOLCHOPT
More Or Less CHarterer OPTion
SSHEX
Sat, Sun, Holidays EXcluded
SSHINC
Sat, Sun, Holidays INCluded
UU
Unless Used
EIX
-
ATS
-
WTS
-
WIPON
Whether In Port Or Not
WIBON
Whether In Berth Or Not
WCCON
Whether Custom Cleared Or Not
WIFPON
Whether In Free Pratique Or Not
NAABSA
Not Always Afloat But Safely Aground
BBB
Before Breaking Bulk
Refers to freight payments that must be received before discharge of vessel commences
GSB
Good, Safe Berth
WP
Weather Permitting
Time during which the weather prevents working shall not count as laytime
AFSPS
Arrival First Sea Pilot Station (Norway)
DLOSP
Dropping Last Outwards Sea Pilot (Norway)
ASPW
Any Safe Port in the World
