Warning: "continue" targeting switch is equivalent to "break". Did you mean to use "continue 2"? in /home/shtion/domains/shipinspection.eu/public_html/old/plugins/system/t3/includes/menu/megamenu.php on line 137
D - Results from #30
30
Wed, Dec
0 New Articles
 

Deviation. Under the Marine Insurance Act, if a ship, without lawful excuse, deviates from the voyage contemplated by the policy, the insurer is discharged from liability from the time of deviation, and it is immaterial that the ship may have regained her route before any loss occurs.

Document of title. In modern international trade and shipping this is probably the most important characteristic of the bill of lading. A "document of title" is a document that enables the holder (the person who "possesses" it) to deal with the goods described in it as if he was the owner. "Title" is the right to ownership. "Ownership" can be explained as the right of using, altering, disposing of (that is, selling) and destroying the goods. This "ownership" or "title" can be transferred by a formal transfer of the document, such transfer being an "endorsement" and/or delivery of the document itself.

Despatch days. Days saved in the loading or discharge of the vessel within the time allowed under the charterparty may be called "despatch days".

 

Documentary fraud. This occurs when a commercial party negotiates with a person who turns out to be dishonest and a cheat. A documentary credit may pay for the commercial transaction, for example, where an honest buyer opens a letter of credit based on negotiations between himself and a cheat. The cheat presents forged documents to the advising bank and is paid. The bill of lading features very prominently in documentary fraud because of its very great importance as a document of title. Because of this potential, alternative systems are being developed, such as the use of "sea waybills" and "EDI" or "Electronic Data Interchange" where data about the goods and the mode of their transport are exchanged by electronic means.

 

Days. When a charterparty provides for laytime to be fixed or calculable this can be referred to a number of "days". The number of days is sometimes called "laydays" but this term is better used for the "Laydays and Cancelling" clause.

Days on demurrage. These are days by which the agreed number of laydays for loading or discharge is exceeded. In some charters a limited fixed number of days on demurrage is agreed, in addition to the laytime allowed. Shipowners are entitled to damages for detention if, after demurrage days have expired, further delay is experienced.

 

Distress freight. When a ship is in a berth to load cargo but the cargo offered by shippers does not meet the owner's or charterer's expectations, and the owner or charterer experiences difficulty in securing completion cargo at original freight rates, they may resort to booking cargo at very low rates ("distress rates") to fill up the remaining space rather than be forced to despatch the vessel with vacant space. This may have an effect on the scheduled sailing time: the vessel may continue to receive cargo beyond the sailing time until the cargo compartments are fully loaded or the ship is "dawn to her marks", that is, loaded to the permitted "load lines".

 

Deeptanks. In order to increase the water ballast capacity; many older, multi-deck cargo ships are equipped with deeptanks running from the tank top of the double bottom to the lower or upper tweendeck and extending over the entire breadth. As a rule the deeptanks were constructed amidships forward of the engine room or at both ends. The reason for this was to provide capacity for water ballast, thus improving the draught but with hardly any change in trim.

Days. When a charterparty provides for laytime to be fixed or calculable this can be referred to a number of "days".

Disbursements. This expression covers all payments made by the ship’s agents for port charges, stevedoring expenses, tug hire, customs fees, stores, bunkers, water, etc., on behalf of owners. The agents may charge a certain disbursements’ commission on such advances, e.g., 2½ per cent.

 

Depth. The depth is the vertical distance measured from the keel to the deck. The extreme depth is the depth measured at the ship’s side from the uppermost continuous deck to the lower point of the keel. The moulded depth is measured from the top of the keel plate (the “base line”) to the underside (that is, the heel) of the deck beam at the ship’s side amidships.

 

Page 3 of 5

SPONSORED: Amber For Sale - Loose Amber, Amber Gemstones on Sale -  https://ambersale.com 

Do you like Natural Baltic Amber?