A Type B ship in which the reduction in freeboard has been increased up to 60% of the total difference between the values for basic Type A and Type B freeboards. The ship must meet one compartment damage stability requirements. A large number of Panamax and Capesize bulk carriers are B-60.
On behalf of the owners of the ship and the owners of all "maritime property" on board including any cargo, cargo containers, bunkers, stores and other equipment, and the recipients of any freight at risk. On a ship with contractors' equipment on board, such as a diving support vessel, the owners of that equipment would also be included. All the owners of "maritime property" become liable for a contribution to the salvor's reward if he is successful.
A certificate, issued by a P&I club to a vessel entered with the club for cover against third party liabilities, as evidence of the contract of indemnity insurance between the club and the club member or members named in the certificate. It shows the risks covered (e. g. "Class 1 Protection and Indemnity risks"), any inclusions (e. g. "four fourths collision liability in accordance with Rule... "), any exclusions, and the deductible(s) to be borne by the member.
Costs associated with the ship's employment, including costs of bunker fuel, canal tolls, light dues, port charges (including pilotage, towage, berth charges, agency fees, linesmen's charges, etc.), passenger-handling costs, and cargo- handling costs. Voyage costs are the costs incurred to earn the freight or other voyage revenue. They vary with the length of the voyage and the number of port calls.
Where a port State authority requires that specific ballast water procedures and/or treatment option(s) be undertaken, and due to weather, sea conditions or operational impracticability such action cannot be taken, the master should report this fact to the port State authority as soon as possible and, where appropriate, prior to entering seas under its jurisdiction. (BWM Guidelines, 8.1.1)
Whereas a possessory lien depends on possession of property, a maritime lien does not depend on possession and is not extinguished by transfer of title in the property to a bona fide purchaser who is not notified of the lien's existence. A maritime lien can therefore "travel with the ship" to which it attaches, and is not lost through a change of ownership.