FOCUSED CHARTERING WORKSPACE
Chartering Glossary
Searchable commercial-desk terminology with concise, practical explanations.
Search Chartering Terms
FreightVoyage-charter payment, commonly per MT or lump sum.
HirePeriodic payment under a time charter.
FixtureAgreed chartering transaction; check whether clean or on subjects.
RecapSummary of agreed main terms.
LaycanLaydays / cancelling window.
NORNotice of Readiness.
LaytimeContractually allowed loading/discharge time.
DemurrageAgreed amount/rate for time beyond allowed laytime, subject to C/P.
DespatchPayment for time saved where contractually agreed.
DeadfreightExposure related to failure to load contractual quantity, subject to terms.
Firm OfferSpecific offer with stated terms and validity.
CounterofferResponse changing one or more offered terms.
SubjectsConditions/approvals that remain before a fixture is clean.
Lift SubjectsConfirmation that agreed subjects have been removed.
Position ListList of vessels and open positions.
Cargo OrderMarket circulation of a cargo requirement.
FIOFree In and Out — cargo handling cost allocation wording.
FIOSTFree In/Out, Stowed and Trimmed.
PWWDPer Weather Working Day.
PDPRPer Day Pro Rata.
MOLCOMore or Less in Charterers’ Option.
MOLOOMore or Less in Owners’ Option.
APSArrival Pilot Station.
DOPDropping Outward Pilot.
Off-HirePeriod when hire may cease under exact time-charter wording.
RedeliveryReturn of vessel to owner at end of charter subject to terms.
Safe PortContractual port safety concept dependent on wording/law.
BrokerageBroker commission under agreed terms.
Address CommissionCommission credited to charterer/named party where agreed.
COAContract of Affreightment for a programme of cargo liftings.
Για την πλήρη πλατφόρμα ορολογίας, χρησιμοποίησε και το γενικό Maritime Glossary του Shipping Practice Lab. Το Chartering Glossary εδώ λειτουργεί ως focused desk reference.