Commencement of laytime. "Laytime" is' the amount of time agreed in a voyage charter between the shipowner and the Charterer during which the vessel will be made and kept available for loading or discharging the cargo.

Clean bill of lading. The carrier is bound to deliver the goods in the same order and condition as when he received them into his charge. When the goods are received, the bill of lading is issued, on demand of the shipper, and this should state the description of the goods as received, including the apparent order and condition.

Charterers' bills of lading. The relationship between charterparties and bills of lading can range from a simple one, where the bill of lading from a shipowner to a charterer/shipper has the status only of a receipt for cargo, to a complex one, where, for example, a charterer issues a bill of lading on his own form but includes a "demise clause" which states that the person issuing the bill of lading is not the owner nor demise-charterer of the vessel and the holder of the bill of lading is then left with the uncertainty of whom to sue for loss, damage or delay of the cargo carried under the bill of lading.

Collision bulkhead. (Sometimes called a forepeak bulkhead.) All vessels must be fitted with a minimum number of bulkheads. (See Bulkheads above.)

CHOPT (Charterer's option). If the charterers has an option to nominate any detail in a charter, for example, the "tolerance" percentage of the quantity of cargo to be loaded, this abbreviation is used in fixture telexes and other communications. For example, it may be that the cargo to be loaded is "50,000 metric tons 10pct. CHOPT". The charterers are allowed to require between 45,000 and 55,000 tonnes of cargo to be loaded, paying freight accordingly.

 

Chartering brokers. Chartering brokers act as intermediaries between shipowners seeking employment for their vessels and charterers-requiring the services of a ship.

Classification surveys. Classification societies carry out various surveys on behalf of governments, particularly in order to ensure that the vessel complies with relevant standards that are required to be met for the issue of essential certificates, such as the Cargo Ship Safety Construction Certificate (SAFCON).

Cargo capacity. This is the quantity of cargo the ship can carry or the volume of the space the ship has for cargo. It is found in the charterparty clause describing the ship and is part of the shipowner's warranties about the ship. If the ship does not meet the description given by the owner, he could become liable for a "breach of warranty" and have to pay compensation or damages or perhaps even a "breach of condition", allowing the charterers to cancel ("repudiate") the charter.

Carriage of Goods by Sea Act 1971 (COGSA). This is the name given to the legislation enacted in the United Kingdom. The Act implements the Hague-Visby Rules with some differences, especially related to the application of the Rules.

Classification. To be classed with Lloyd’s, approval is necessary for the constructional plans, the materials used and the constructional methods and standards, as observed by the surveyor.

Charterer's agents. In charterparties covering a fixture on an f.i.o. (free in and out) basis, which implies that the loading and discharging expenses are for the charterer's account, charterers often insist upon the right to appoint their agents to attend to the ship's business at "both ends" (i.e., loading and discharging ports) at a fee.

Certificate of registry. The certificate of registry is issued by the national authorities of the country in which the vessel’s owners are based. The certificate of registry which establishes the nationality and ownership of a ship shall be used only for the lawful navigation of the ship.

 

Cargo-Quantity. The characteristic of the bill of lading as a receipt for cargo becomes important when it is a receipt for the quantity of cargo.

Loading...

SPONSORED: It Really Works! ANTI-HAIR LOSS SHAMPOO WITH NETTLE AND CAMOMILE EXTRACTS -  https://joane.com/anti-hair-loss-shampoo-with-nettle-and-camomile-extracts.html  It Really Works!

SPONSORED: Jokes, Crazy Videos and more... -  www.CrazyFans.com  No.1 Site!

backup content in case it doesn't work