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CHARTERING TERMS - Results from #45
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All told. In some charterparties the deadweight capacity of the vessel is shown with the addition "all told" (DWAT), which means the capacity mentioned in the charterparty represents the total deadweight capacity including bunkers, water, provisions, dunnage, stores, spare parts, crew, passengers and their effects. In order to arrive at the deadweight capacity for cargo (DWCC) deductions have to be made for bunkers, water, etc.

 

ASBA. The Association of Shipbrokers and Agents (U.S.A.) Incorporated, New York.

 

Block coefficient. The block coefficient of a vessel is obtained by dividing the underwater volume of displacement of a ship by the volume of a block of the same length and breadth, and of height equal to the draught of the ship. The block coefficient depends upon the “lines” of the ship. Passenger vessels with fine lines have a lower block coefficient than cargo ships with full lines. The abbreviation for Block Coefficient is generally given as Cb.

 

Anticorrosive paint. This is a special type of rust-preventing primer on a bituminous base. It is used as a primer for vessel’s bottom paints in dry-dock. It has two functions: to prevent corrosion and to bind old anti-fouling that has become porous because the antitoxins or poisons have escaped.

 

AWRI Additional War Risk Insurance. This is an extra amount paid to the owner of a time-chartered vessel if the ship is ordered to a port or an area in which war or hostilities are taking place and the shipowner's insurers require an additional insurance premium for the vessel to be considered to be covered against risks in that place. 

 

Before breaking bulk (BBB). Freight is normally payable on delivery of the cargo. In the usually volatile tanker market with many traders coming in as charterers, many may be unknown to shipowners.

Antifouling composition. These coatings are for underwater use on hulls. They Contain poisons based on copper and mercury compounds. The poisons prevent the adhesion of organisms to the hull.

Ballast bonus (BB). It may occur that charterers, in order to attract tonnage agree to pay a certain ballast bonus. The ballast bonus serves as a compensation and incentive for the ballast (empty) trip from the ship's last port of discharge to the port where the charter will commence, for example, the first place of loading under a voyage charter or the point of delivery under a time charter. It is more common under time charters, especially in a good market when charterers are unable to obtain ships easily or at a low rate of hire.

At and from. This expression in a voyage policy implies that where a ship or cargo is insured “at and from” a particular port and she arrives in the port safely with the intention of proceeding on the insured voyage when the contract is concluded, the risk attaches immediately.

Affreightment. This term is a somewhat old form of describing a contract to carry goods by sea, that is a "contract of carriage". 

Backdated bill of lading (Fraud and bills of lading.)A modern case may help to introduce the problems that can arise and identify some of the important issues. A sale contract requires the cargo to be loaded and bills of lading to be dated no later than 15 July.

API gravity. In the oil industry influenced by the United States the “American Petroleum Institute” scale of mass/volume is used.

Apparel. The cargo capacity may be defined in a charterparty as follows:


“... tons, not exceeding what she can reasonably stow and carry in addition to her tackle, apparel, provisions, bunkers and furniture.”

The word “apparel” relates to the equipment of the vessel such as anchors, chains, lifeboats, etc.

 

Both to Blame collision clause. This is a clause found in both voyage and time charterparties and also in bills of lading. It is a protective clause, to give protection to one side. For example, a typical clause in a charterparty can state:

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