ASBATIME. The code name given to the 1981 derivation of the original New York Produce Exchange form (NYPE) of charterparty. The 1981 version was published by The Association of Shipbrokers and Agents U.S.A. Inc. (ASBA), New York.
Anti-pollution clauses. These are clauses inserted in a charterparty and generally place responsibility on the shipowner to ensure that he obtains suitable insurance cover or can provide alternative security for compensation he may become liable to pay for pollution, by oil (or similar substances) and for clean-up costs.
Articles of Agreement. This was the name given to the document in which the terms of the crew employment agreement was contained. Under some flags, the Crew Agreement is still called the “Articles”. The name came from the different paragraphs in the document, each one numbered as “Article 1”, “Article 2”, and so on. The Agreement was also sometimes called “ship’s articles” or “shipping articles” and indicated that the contract was between the seaman and the master.
All purposes. When laytime can be added together by the Charterer for loading and discharging operations as if one total time is specified to cover both operations, this is "reversible laytime" and is referred to as the number of days. far all purposes In a laytime calculation based on reversible laytime a specific clause must the charterer the option and the charterer must exercise the option after declaring that he is doing so.