Chartering Terms

AA – Always Accessible or Always Afloat – Term in Charter-Party which stipulates that the charterer must not order the ship to a port or berth where she would touch the bottom or perhaps be unavailable at any time due to tidal variations.

A guide to today’s dry bulk shipping sector

Bulk shipping involves the carriage of cargo which constitutes raw materials or feedstock for industrial purposes. The quantities involved are typically large, so shipping…

Chartering Terms Definition

ACCEPTANCE Any agreement to purchase goods under specified terms. An agreement to purchase goods at a state price and under stated terms. ACT OF GOD It is…