Speed clause. The oil price shocks of 1973 and certainly those of 1979 caused bunker fuel prices to increase.
SSW. This is an abbreviation for "Summer Salt Water" and refers to the draught of the ship when it is loaded to its summer load line in salt water, that is, in the open sea. The summer draught is the maximum draught to which the ship can be loaded depending on the "freeboards" and "loadlines" assigned to it by the assigning authorities.
Subject financing. This qualification can be used by a charterer to indicate that he is attempting to finance a transaction for which he needs a ship, for example, he wishes to purchase a quantity of bulk cargo such as sugar, and needs a ship to transport it. It can also be used by a purchaser of a ship before confirming that he can complete the purchase.
Subject shippers' approval. Like the previous restriction, this is also a "condition precedent" which can cause the fixture to fail to be binding if the shippers do not accept the ship to load the cargo. Again, also like the previous restriction, this can require a third party's approval before a charter between the owner and the charterer becomes binding.
Subject to . . . Many other examples can be cited of the use of "subjects" and both owners and charterers and their middlemen, the shipbrokers, do have considerable imagination to invent and introduce new situations which are meant to influence the enforceability of a time charter or a voyage charter.
Short form of bill of lading. These bills of lading are issued by shipping companies or agents, that is, carriers, and indicate that some or all the terms and conditions of the document which is evidence of the contract of carnage can be found in another document, the “long form of bill of lading”. This latter may be obtainable on request or can be inspected at the office of the carrier or agent.