Arbitration agreement. This is an agreement by the parties to a contract (for example a charter )to submit all or some disputes between them in any legal relationship they may have. The "Model Law" adopted by the United Nations Commission on International Trade Law (UNCITRAL) in 1985 describes an "arbitration agreement" as follows:

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.

 

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

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.

AG (Arabian Gulf). This suggests a range of ports in the Arabian Gulf (Iranian or Persian Gulf) where a ship can load or discharge cargo.

 

 

"Act of God".When some events take place preventing one party from fully carrying out his obligations under a charterparty and that event occurs without any human intervention, this person is relieved from any liability to compensate the other party to the contract. 

Abandonment. Where there is a constructive total loss (see also Marine loss), the assured may either treat the loss as a partial loss or abandon the vessel to the insurer and treat the loss as-if it were an actual total loss. 

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

Aground. The bottom of the ship may touch the ground in a loading or discharging port because of tidal changes in the water level. If a charter allows the Charterer to send the ship to a port where it can safely touch the ground it will contain a clause describing the ship as being ". . . not always afloat but safely aground . . ." (NAABSA)

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