Notify address.  The following clause (so called “notify clause”) may be inserted in an “order bill of lading”:

Net charter.

Off hire clause. The Off hire clause. and other clauses in the time charterparty specify the circumstances which cause the ship to become off hire and payment of hire to be reduced.

Non presentation of bills of lading. The word “presentation” can relate to two concepts connected with bills of lading.

Not before. If the charterparty stipulates that", . . . time for loading not to commence before 0800 hours on . . ." (the "laycan clause") but the vessel is ready to load earlier, the charterer is not bound to use the ship before the laydays commencement date.

Once on demurrage, always on demurrage. If the charterers fail to ensure that cargo operations are completed within the agreed laytime, they have breached the charter.

Net capacity. This rarely used expression related to the vessel's capacity for cargo when loaded to its permissible draught after allowing for fuel, stores, ballast (if any), "ship's constant", and other noncargo components. The term has a similar meaning to "cargo capacity" and to "deadweight cargo capacity" ("DWCC") or "Deadweight cargo tonnage" ("DWCT").

Nautical mile. This is the unit of distance used at sea. It is the length of one minute of latitude and this varies from the equator to the poles. For convenience a standard nautical mile is assumed to be 1,852 metres or 6,080 feet, which is the true length of a nautical mile in about latitude 52 degrees.

Order bill of lading. Most of the bills of lading used in international trade and shipping are of this type. When a bill of lading does not contain the name of the consignee it is not a named bill of lading.

Named bill of lading. This bill of lading requires the goods to be delivered to a named person.

Notices. During a voyage charter various notices may be required to be given by the shipowner (or the master, on his behalf) to the charterer.

Down by the head - Down by the stern - On even keel.

These expressions mean:

Non working day. A "working day" in the context of laytime is a day on which cargo operations are carried out in the usual manner in a port and without extra payment such as for overtime.

On/Off hire survey. When a ship commences a time charter it is said to be "delivered" to the Charterer.

Off hire. In a time charter the charterer has the obligation to pay hire for the Ship continuously during the charter period at the agreed rate.