Chartering TermsRSS

Chartering Terms

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

J

Juliet - J = signal letter and flag. Morse = ( . - - - )Flag= Horizontally divided in three with white in the middle and blue up and down.When hoisted singly from a ship it means "I am going to send a semaphore signal." (Kerchove)

K

Kilo - K = signal letter and flag. Morse = ( - . - )Flag= Vertically divided with yellow at the hoist, blue at the fly.When hoisted singly from a ship it means "Stop your vessel immediately." (Kerchove)

L

Lima - L = signal letter and flag. Morse = ( . - . . )Flag= Two yellow and two black squares.When hoisted singly from a ship it means "Stop, I have something important to communicate." (Kerchove)

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 ...

Laydays/cancelling

Laydays/Cancelling (date): Range of dates within the hire contract must start.

Laydays can be defined as the days kept aside in a ship’s voyage schedule for loading and unloading of the cargo. Laydays represent the time at which a ship must reach the charterer for cargo operations. Laydays are decided on the basis of the type and ...

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 ...

LSA

1.Life saving appliances2.Lloyd's standard form of salvage agreement.3.Liner Shipping Agreements.4.Installations character for Safety Equipment.

M

Mike - M = signal letter and flag. Morse = ( - - )Flag= Diagonal white cross on blue background.When hoisted singly from a ship it means "I have a doctor on board." (Kerchove)

Written contract for the purchase of a ship.

Maritime Simulation Center Netherlands. Located at Wageningen it was also known under that place name.

N

November - N = signal letter and flag. Morse = ( - . )Flag= Four horizontal rows of alterned blue and white squares.

To reduce the number of days between the first of the laydays and the last.

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.

O

Oscar - O = signal letter and flag. Morse = ( - - - )Flag= Halved diagonally in red and yellow.When hoisted singly from a ship it means "Man overboard."

P

Papa - P = signal letter and flag. Morse = ( . - - . )Flag= White square on a blue background.Called "Blue Peter" as when hoisted singly from a ship it means "The ship is going to sail.

Panamax Plus are all Panamax ships authorised for fresh water draft greater than 12.04m up to 15.2m and approved for transit in the new locks.

Panamax ships are all ships that comply with the size and draft limitations of the existing (old) locks; namely, length 294.13m by 32.31m in breadth by 12.04 fresh water draft.