This is so given that this is a notional point in chartering terms, this is best described as the Shipper/Receiver arranging for delivery/receival of cargo to/from directly under ships hook and the ship paying for the labour to stow the cargo in the vesse ...

A common measure of ship carrying capacity. The number of tons (2240 lbs.) of cargo, stores and bunkers that a vessel can transport. It is the difference between the number of tons of water a vessel displaces "light" and the number of tons it displaces "w ...

Also length waterline or load waterline (LWL) - This is the length of the boat where it meets the water when loaded to its designed capacity.

Water Line / Top of Hatch Coaming. To see if the load/discharge gear is large and high enough to reach the hatches. As the size of the ships increased faster than the size of the berth, this is often a problem. The ship can at times be lowered by taking b ...

Dispensation, given by a country which reserves the carriage of goods to ships of its own national fleet.

Tunnel which accommodates pipelines and runs longitudinally alongh the centre line of a ship.

This refers to shipping documents which are presented to a bank on a collection basis to be passed to the buyer (drawee) when payment is made.

Finished With Engines

A Type of Standard Voyage Charter Party Issued by ASBA

Remaining On-Board (cargo after discharge) or Bunkers or stores or sparesThe material remaining in vessel tanks, void spaces, and/or pipelines after discharge. Remaining on board quantity includes water, oil, slops, oil residue, oil/water emulsions, sludg ...

Summer Deadweight

Saturdays, Sundays, Holidays Included

Under Hook (i.e.barge cargo)

A length of rope used in a tug to bowse in the towrope. Gog rope.

Arrival First Sea Pilot Station (Norway)

Motor Tanker

Term in a c/p stipulating that despatch money (amount payable by shipowner to charterers/shippers or receivers)for loading or discharging in less than the time allowed in the C/P, is to be calculated at half of the agreed rate of demurrage.

Freight calculated on the value of the goods, expressed as a percentage.

Dropping Last Outwards Sea Pilot (Norway)

More Or Less Charterer's Option (see MOLCO)