Rules governing the carriage of goods identifying the rights and responsibilities of carriers and owners of cargo.

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 ...

Voyage charter party used for shipments of iron ore.

See Bareboat Charter.

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.

Last date, agreed in a charter party, by which vessel must be available to the charterer at the agreed place.

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

Discount of the freight.

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

Freight payable at destination.

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

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.

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

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

The charge made for the transportation of freight.

Final date for delivering cargo to a liner ships.

Cargo banned by general cargo workers for some reason. This ban could be because the cargo is dangerous or hazardous to health.

The period of time excluding the first and last days.

Neopanamax is a ship with dimensions greater than Panamax or Panamax Plus that comply with the size and draft limitations of the new locks, which are: • max length 366.0m. • max breadth 49.0m. • max draft (fresh water) 15.2m.

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