ASBA. The Association of Shipbrokers and Agents (U.S.A.) Incorporated, New York.

 

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.

Before breaking bulk (BBB). Freight is normally payable on delivery of the cargo. In the usually volatile tanker market with many traders coming in as charterers, many may be unknown to shipowners.

Anticorrosive paint. This is a special type of rust-preventing primer on a bituminous base. It is used as a primer for vessel’s bottom paints in dry-dock. It has two functions: to prevent corrosion and to bind old anti-fouling that has become porous because the antitoxins or poisons have escaped.

 

Backdated bill of lading (Fraud and bills of lading.)A modern case may help to introduce the problems that can arise and identify some of the important issues. A sale contract requires the cargo to be loaded and bills of lading to be dated no later than 15 July.

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.

 

Arrest or seizure under legal process. A ship may be arrested for a maritime claim against it through legal action, as a guarantee for payment for damages. Before a ship can be arrested, a court must approve such action. The procedures for ship arrest vary between countries.

Both to Blame collision clause. This is a clause found in both voyage and time charterparties and also in bills of lading. It is a protective clause, to give protection to one side. For example, a typical clause in a charterparty can state:

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

Ballast bonus (BB). It may occur that charterers, in order to attract tonnage agree to pay a certain ballast bonus. The ballast bonus serves as a compensation and incentive for the ballast (empty) trip from the ship's last port of discharge to the port where the charter will commence, for example, the first place of loading under a voyage charter or the point of delivery under a time charter. It is more common under time charters, especially in a good market when charterers are unable to obtain ships easily or at a low rate of hire.

Antifouling composition. These coatings are for underwater use on hulls. They Contain poisons based on copper and mercury compounds. The poisons prevent the adhesion of organisms to the hull.

Bunkers on delivery and redelivery. This "bunker clause" in a time charterparty stipulates that charterers shall accept and pay or all coal or fuel oil in the vessel's bunkers at port of delivery and, conversely, owners shall take over and pay for all coal or fuel ail in the vessel's bunkers at the port of redelivery at the current price at the respective ports. It is customary to agree upon a certain minimum and maximum quantity of bunkers on redelivery of the vessel (NYPE time charterparty).

Subcategories