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:

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. 

Additional premium.This may be payable by charterers or shippers to the cargo insurers because of the ship's age, class or flag. The charterparty can provide that this extra premium is deductible from freight or from hire. The owner should attempt to qualify a clause with such a provision by limiting the amount of deduction and also by requiring the charterer to provide proper documentation as proof of the extra insurance before the deduction.


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.


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)

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.

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. 


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

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