Voyage charter party used for shipments of iron ore.

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

Any bulk, bagged or other type of cargo stowed in single hold ships.

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 ...

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

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.

See Bareboat Charter.

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

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

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.

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

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.

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

Final date for delivering cargo to a liner ships.

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

The charge made for the transportation of freight.

An offer which is not conditional in any way.

The period of time excluding the first and last days.