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Container slot management (CSM). The objective of this management in a liner operator’s corporate plane is to achieve the best utilisation factors of the container spaces or slots available on-board the carrier’s own vessels. The revenue is increased by the volume of the goods carried. If slot space cannot be found in the carrier’s vessels, the carrier may use “vessel sharing arrangements” (VSA) with other carriers under which slots on-board vessels are reserved for fellow carriers.

 

Collision Liability. Around the middle of the 19th century, hull underwriters decided to extend the hull and machinery policy to embrace legal liabilities incurred by the assured in consequence of collision between the insured ship and any other ship or vessel. Liabilities resulting from contract with anything other than another ship or vessel were excluded from the cover, as were loss of life or personal injury.

Container flow management (CFM). This expression is related to container logistics. This approach to logistics involved the management of the fleet of containers themselves, not the fleet of container vessels and the spaces (or “slots”) on board the vessels. The management also involves the movement of a container from one point to another without consideration of the actual mode of transport. The traditional carrier thus becomes a true “transport organiser”.

 

Containerisation system. Containers are not new. From earliest times human beings have used objects designed to hold other things. Even nature did this before man thought of it. The egg is an obvious example. The use of containers in shipping is also not new. Jars for oil and wine were used thousands of years ago.

Containers and bills of lading. With the advent of containerisation and also intermodalism, much cargo is being carried in containers, especially smaller consignments which can be carried on a "door-to-door" service.

Closed conference. This type of liner conference restricts membership in order to protect the members’ market share. It is the most common type of conference.

Brokerage (or Commission). It is customary to express the remuneration for the broker's time and efforts in negotiating and arranging the contract as a certain percentage of the money earned by the shipowner. (In marine insurance, the broker is generally paid a commission by the underwriter although the assured is the broker's client and the services are for the client.) In shipbroking, the term "brokerage" is generally preferable instead of "commission" because the latter term is usually related to the charterer's reward as "address commission".

Coiled ship. This ship type would most probably be an oil tanker or a tanker to carry liquids in bulk. It would be provided with coils through which steam is passed to heat the liquid to reduce its “viscosity” and enable it to be pumped more easily.

 

Conbulker. This is a type of vessel that can carry containers on one leg of a voyage and bulk cargo on the return leg. The structure of the vessel permits the cargoes to be changed easily.

 

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