Maritime Definitions

Maritime Definitions

LT – Local time

ETA - Estimated Time of Arrival

ETC - Estimated Time of Completion

ETD – Estimated Time of Departure

ETB – Estimated Time of Berthing

ETS – Estimated Time of Sailing

EOSP – End Of Sea Passage

POB – Pilot On Board

AGW – All Going Well

WP – Weather Permitting

UCE – Unexpected Circumstances Excluded

WOG – With Out Guarantee

LOA – Length Over All

Beam (bm) – The widest part of a ship

Molded Depth (md) – Distance from the keel to the deck

DWT – Dead Weight Tons – The difference between a ship’s displacement light and her displacement loaded

NRT – Net Registered Tons - is the volume of cargo the vessel can carry – The taxable tonnage of a vessel

GRT – Gross Registered Tons - represents the total internal volume of a vessel, with some exemptions for non-productive spaces such as crew quarters. En español TRB.

Air Draft – Distance from keel to highest part of vessel minus the draft

Deepest Draft – Usually the draft of the stern of vessel

SF – Stowage Factor

MT – Metric Ton – 1000 kilos / 2204.62 lbs

ST – Short Ton – 2000 lbs

LT – Long Ton – 2240 lbs

NOR – Notice of Readiness – Vessel is in all respects ready to commence discharging or loading

CTM – Cash to Master or BTM – Bonus to Master

Bonds – An insurance agreement pledging surety for financial loss caused to another by the act or default of a third person or by some contingency over which the third person may have no control.

Tariffs – A listing/scale of rates/charges for a business or public utility

SOF – Statement of Facts – Voyage information and timesheet from the EOSP to departure of the vessel including the daily act of vessel load/discharge operations

Demurrage – The detention of a vessel by the carrier beyond the time allowed in her charter party for loading / unloading / sailing

Dispatch – Expedient load or discharge resulting in a rebate to the receiver/shipper

Detention – charge for delay

Laycan – dates specified by the charter party for loading

LOI – Letter of Indemnity – Used by the carriers to replace Bill of Lading in order to release cargo for discharge, proof to the captain freight is paid

FIO – Free In/Out – receiver/shippers pay stevedoring for discharge or loading of vessel rather than the carrier

Full Liner – Carriers pay stevedoring from hold to place of rest or from place of rest to hold

Liner, end of hook – Carrier pays for hold to end of hook or from end of hook to hold

B/L – Bill of Lading – written account of goods shipped signed by the agent of the owners of the ship or by its master acknowledging the

...