Continuation clause. Hull Time policies can contain a “continuation” clause. As a rule, time policies are made for a maximum of 12 months, but obviously it is impossible to judge in advance whether the vessel will be at sea or not on expiration of the policy.

Consol. This expression is an abbreviation found in sailing schedules and advertisements of liner services.

Charterer. The person or corporation hiring a ship for the carriage of goods or passengers (either a "time Charterer" or a "voyage Charterer") or leasing the ship for his own management and control (a "bareboat/demise Charterer").

 

Contamination. If a cargo which is sensitive for some reason is damaged by the nature of another cargo or substance, the former is “contaminated”. This would be the situation if one grade of oil, e.g., a clean oil product on board a tanker, was loaded into a tank that was insufficiently cleaned.

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